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 buyer's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

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

Housing Prices in North Riverside, IL

How much do homes in North Riverside, IL cost?

Median Sold Price

$329,000

$252/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$25,800(+8.5%)

Key Takeaway

Homes in North Riverside have sold for 8.5% more than they did a year ago.

Summary: The median home sold price in North Riverside was $329,000 in May 2024, up 8.5% from last year, and the median price per square foot was $252.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $45K-
N/A
2 $270K$310K
+14.8%
3 $330K$320K
-3.0%
4 $415K$384.5K
-7.3%
5+ $487.5K$450K
-7.7%

Summary: North Riverside housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 14.8%, 3 bedroom homes decreased by 3%, 4 bedroom homes decreased by 7.3%, and 5+ bedroom homes decreased by 7.7%.

Median Sold Price Compared To Nearby Cities

Riverside Township
+9.8%
Forest Park
+9.3%
North Riverside
+8.5%
Broadview
+4.5%
Riverside
-1.3%

Housing Supply in North Riverside, IL

How many homes are available in North Riverside, IL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
22220.0%

Summary: The North Riverside real estate market had 22 homes for sale in May 2024, the same as April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 11
0.0%
2 99
0.0%
3 67
+16.7%
4 64
-33.3%
5+ 01
+100.0%

Summary: The North Riverside housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 16.7%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Apr 2024May 2024CHANGE
72-71.4%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in North Riverside, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 2 homes were sold or pending in North Riverside in May 2024, down by 71.4% month-over-month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% 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

May 2023May 2024CHANGE
11 Days6 Days-49.5%

Summary: Homes in North Riverside had an average of 6 days on market in May 2024, down by 49.5% 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 North Riverside are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 2 homes were sold in North Riverside; 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 1 Day Ago

Newest Listings in North Riverside, IL

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