Is Riverdale, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Riverdale was a Seller's Market.
Housing Prices in Riverdale, IL
How much do homes in Riverdale, IL cost?
Median Sold Price
$130,000
$110/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Riverdale was $130,000 in May 2024, up 15% from last year, and the median price per square foot was $110.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $30K | $29K | -3.3% |
2 Bedrooms | $105K | $115.5K | +10.0% |
3 Bedrooms | $132.5K | $136.7K | +3.2% |
4 Bedrooms | $125K | $194.9K | +55.9% |
5+ Bedrooms | $162K | $120K | -25.9% |
Summary: Riverdale housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.3%, 2 bedroom homes increased by 10%, 3 bedroom homes increased by 3.2%, 4 bedroom homes increased by 55.9%, and 5+ bedroom homes decreased by 25.9%.
Median Sold Price Compared To Nearby Cities
Calumet Township | $159.9K | $185K | +15.7% |
Riverdale | $112.9K | $130K | +15.0% |
Dixmoor | $120K | $136K | +13.3% |
Calumet Park | $159.9K | $181K | +13.2% |
Blue Island | $199.9K | $198.5K | -0.7% |
Housing Supply in Riverdale, IL
How many homes are available in Riverdale, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
68 | 74 | +8.8% |
Summary: The Riverdale real estate market had 74 homes for sale in May 2024, a 8.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 23 | 23 | 0.0% |
3 Bedrooms | 32 | 33 | +3.1% |
4 Bedrooms | 7 | 11 | +57.1% |
5+ Bedrooms | 6 | 7 | +16.7% |
Summary: The Riverdale housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 3.1%, 4 bedroom homes increased by 57.1%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
13 | 10 | -23.1% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in Riverdale in May 2024, down by 23.1% month-over-month. Of the 10 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.
Days on Market for Riverdale, IL
How long does it take to sell a home in Riverdale, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
86 Days | 40 Days | -52.8% |
Summary: Homes in Riverdale had an average of 40 days on market in May 2024, down by 52.8% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 10 homes were sold in Riverdale; 50% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.