Is North Riverside, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing North Riverside is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, North Riverside has remained a Seller's Market.

Key Takeaway

North Riverside is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in North Riverside, IL

How much do homes in North Riverside, IL cost?

Median Sold Price

$336,000

$260/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$7,000(+2.1%)

Key Takeaway

Homes in North Riverside have sold for 2.1% more than they did a year ago.

Summary: The median home sold price in North Riverside was $336,000 in November 2024, up 2.1% from last year, and the median price per square foot was $260.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $45K$50K
+11.1%
2 $300K$325K
+8.3%
3 $335K$330K
-1.5%
4 $384.9K$381.2K
-1.0%
5+ $429.5K$475K
+10.6%

Summary: North Riverside housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.1%, 2 bedroom homes increased by 8.3%, 3 bedroom homes decreased by 1.5%, 4 bedroom homes decreased by 1%, and 5+ bedroom homes increased by 10.6%.

Median Sold Price Compared To Nearby Cities

Forest Park
+23.9%
Broadview
+8.2%
Riverside Township
+8.0%
Riverside
+7.4%
North Riverside
+2.1%

Housing Supply in North Riverside, IL

How many homes are available in North Riverside, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1620+25.0%

Summary: The North Riverside real estate market had 20 homes for sale in November 2024, a 25.0% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 21
-50.0%
2 68
+33.3%
3 56
+20.0%
4 23
+50.0%
5+ 12
+100.0%

Summary: The North Riverside housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 20%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
56+20.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in North Riverside, you may be able to get a good deal. 83.3% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in North Riverside in November 2024, up by 20.0% month-over-month. Of the 6 sold homes, 83% were sold under asking, 0% were sold at asking, and 17% were sold over asking.

Days on Market for North Riverside, IL

How long does it take to sell a home in North Riverside, IL?

Average Sale Time

Nov 2023Nov 2024CHANGE
19 Days16 Days-16.5%

Summary: Homes in North Riverside had an average of 16 days on market in Nov 2024, down by 16.5% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in North Riverside are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 6 homes were sold in North Riverside; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

Newest Listings in North Riverside, IL

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