Is Riverdale, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Riverdale is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Riverdale was a Seller's Market.

Key Takeaway

Riverdale is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Riverdale, IL

How much do homes in Riverdale, IL cost?

Median Sold Price

$139,900

$112/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$20,900(+17.6%)

Key Takeaway

Homes in Riverdale have sold for 17.6% more than they did a year ago.

Summary: The median home sold price in Riverdale was $139,900 in November 2024, up 17.6% from last year, and the median price per square foot was $112.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $29.5K-
N/A
2 $107.5K$121K
+12.6%
3 $124.9K$140K
+12.0%
4 $156K$175K
+12.2%
5+ $159K$221K
+39.0%

Summary: Riverdale housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 12.6%, 3 bedroom homes increased by 12%, 4 bedroom homes increased by 12.2%, and 5+ bedroom homes increased by 39%.

Median Sold Price Compared To Nearby Cities

Riverdale
+17.6%
Blue Island
+13.2%
Calumet Township
+12.5%
Calumet Park
-12.1%

Housing Supply in Riverdale, IL

How many homes are available in Riverdale, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
6466+3.1%

Summary: The Riverdale real estate market had 66 homes for sale in November 2024, a 3.1% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 1817
-5.6%
3 3434
0.0%
4 1113
+18.2%
5+ 12
+100.0%

Summary: The Riverdale housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 5.6%, 3 bedroom homes remained the same, 4 bedroom homes increased by 18.2%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
87-12.5%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer57%43%

Key Takeaway

If you're buying a home in Riverdale, you could pay more than the asking price. 57.1% of homes here sold above asking price last month.

Summary: A total of 7 homes were sold or pending in Riverdale in November 2024, down by 12.5% month-over-month. Of the 7 sold homes, 43% were sold under asking, 0% were sold at asking, and 57% 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

Nov 2023Nov 2024CHANGE
109 Days33 Days-69.5%

Summary: Homes in Riverdale had an average of 33 days on market in Nov 2024, down by 69.5% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times86%14%

Key Takeaway

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

Summary: During November 2024, 7 homes were sold in Riverdale; 86% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 14% 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 Riverdale, IL

Nearby Markets to Riverdale, IL

What housing markets are near Riverdale, IL?