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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Riverwoods is a neutral's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

Riverwoods is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Riverwoods, IL

How much do homes in Riverwoods, IL cost?

Median Sold Price

$900,000

$237/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$155,500(+20.9%)

Key Takeaway

Homes in Riverwoods have sold for 20.9% more than they did a year ago.

Summary: The median home sold price in Riverwoods was $900,000 in November 2024, up 20.9% from last year, and the median price per square foot was $237.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $329K-
N/A
3 $696.5K$720K
+3.4%
4 $725K$875K
+20.7%
5+ $1.0M$1.2M
+18.4%

Summary: Riverwoods 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 did not change, 3 bedroom homes increased by 3.4%, 4 bedroom homes increased by 20.7%, and 5+ bedroom homes increased by 18.4%.

Median Sold Price Compared To Nearby Cities

Riverwoods
+20.9%
Vernon Township
+12.0%
West Deerfield Township
+7.8%
Lincolnshire
+7.6%

Housing Supply in Riverwoods, IL

How many homes are available in Riverwoods, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1314+7.7%

Summary: The Riverwoods real estate market had 14 homes for sale in November 2024, a 7.7% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 12
+100.0%
3 22
0.0%
4 54
-20.0%
5+ 56
+20.0%

Summary: The Riverwoods 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 100%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 20%, and 5+ bedroom homes increased by 20%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
220.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Riverwoods, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 2 homes were sold or pending in Riverwoods in November 2024, the same as the previous month. Of the 2 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for Riverwoods, IL

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

Average Sale Time

Nov 2023Nov 2024CHANGE
4 Days9 Days+137.5%

Summary: Homes in Riverwoods had an average of 9 days on market in Nov 2024, up by 137.5% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 2 homes were sold in Riverwoods; 100% of homes were sold within 30 days, 0% 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 Riverwoods, IL

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