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 October 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

$238/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$150,000(+20.0%)

Key Takeaway

Homes in Riverwoods have sold for 20% more than they did a year ago.

Summary: The median home sold price in Riverwoods was $900,000 in October 2024, up 20% from last year, and the median price per square foot was $238.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $329K-
N/A
3 $675K$718K
+6.4%
4 $770K$875K
+13.6%
5+ $886K$1.2M
+42.2%

Summary: Riverwoods housing prices by bedroom type for October 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 6.4%, 4 bedroom homes increased by 13.6%, and 5+ bedroom homes increased by 42.2%.

Median Sold Price Compared To Nearby Cities

Riverwoods
+20.0%
Lincolnshire
+11.1%
Vernon Township
+10.8%
West Deerfield Township
+7.1%

Housing Supply in Riverwoods, IL

How many homes are available in Riverwoods, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
13130.0%

Summary: The Riverwoods real estate market had 13 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 01
+100.0%
3 22
0.0%
4 65
-16.7%
5+ 55
0.0%

Summary: The Riverwoods housing inventory by bedroom type for October 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 16.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
32-33.3%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Riverwoods, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Riverwoods in October 2024, down by 33.3% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% 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

Oct 2023Oct 2024CHANGE
13 Days61 Days+373.1%

Summary: Homes in Riverwoods had an average of 61 days on market in Oct 2024, up by 373.1% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Riverwoods has remained consistent over time.

Summary: During October 2024, 2 homes were sold in Riverwoods; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% 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 16 Days Ago

Newest Listings in Riverwoods, IL

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