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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Riverside Township is a seller's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Riverside Township, IL

How much do homes in Riverside Township, IL cost?

Median Sold Price

$410,000

$262/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$30,500(+8.0%)

Key Takeaway

Homes in Riverside Township have sold for 8% more than they did a year ago.

Summary: The median home sold price in Riverside Township was $410,000 in November 2024, up 8% from last year, and the median price per square foot was $262.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $145K$133.5K
-7.9%
2 $272K$307.5K
+13.1%
3 $377K$407.5K
+8.1%
4 $555K$670K
+20.7%
5+ $714.9K$577.5K
-19.2%

Summary: Riverside Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.9%, 2 bedroom homes increased by 13.1%, 3 bedroom homes increased by 8.1%, 4 bedroom homes increased by 20.7%, and 5+ bedroom homes decreased by 19.2%.

Median Sold Price Compared To Nearby Cities

Lyons
+16.6%
Riverside Township
+8.0%
Riverside
+7.4%
Brookfield
+5.7%
North Riverside
+2.1%

Housing Supply in Riverside Township, IL

How many homes are available in Riverside Township, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
4757+21.3%

Summary: The Riverside Township real estate market had 57 homes for sale in November 2024, a 21.3% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 1218
+50.0%
3 1919
0.0%
4 1013
+30.0%
5+ 56
+20.0%

Summary: The Riverside Township 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 increased by 50%, 3 bedroom homes remained the same, 4 bedroom homes increased by 30%, and 5+ bedroom homes increased by 20%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1211-8.3%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Riverside Township, you may be able to get a good deal. 63.6% of homes here sold below asking price last month.

Summary: A total of 11 homes were sold or pending in Riverside Township in November 2024, down by 8.3% month-over-month. Of the 11 sold homes, 64% were sold under asking, 9% were sold at asking, and 27% were sold over asking.

Days on Market for Riverside Township, IL

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

Average Sale Time

Nov 2023Nov 2024CHANGE
13 Days11 Days-11.1%

Summary: Homes in Riverside Township had an average of 11 days on market in Nov 2024, down by 11.1% compared to last year.

Breakdown of Home Sale Times

9 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 Riverside Township are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 11 homes were sold in Riverside Township; 82% of homes were sold within 30 days, 18% 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 2 Days Ago

Newest Listings in Riverside Township, IL

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