Is Riley Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Riley Township has remained a Seller's Market.
Housing Prices in Riley Township, IL
How much do homes in Riley Township, IL cost?
Median Sold Price
$375,000
$176/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Summary: The median home sold price in Riley Township was $375,000 in April 2024, down 3.8% from last month, and the median price per square foot was $176.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | - | N/A |
3 Bedrooms | $390K | $375K | -3.8% |
4 Bedrooms | $494K | $428.4K | -13.3% |
5+ Bedrooms | - | $367K | N/A |
Summary: Riley Township housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 3.8%, 4 bedroom homes decreased by 13.3%, and 5+ bedroom homes did not change.
Housing Supply in Riley Township, IL
How many homes are available in Riley Township, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
16 | 19 | +18.8% |
Summary: The Riley Township real estate market had 19 homes for sale in April 2024, a 18.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 3 | 0.0% |
3 Bedrooms | 5 | 5 | 0.0% |
4 Bedrooms | 7 | 9 | +28.6% |
5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Riley Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
3 | 5 | +66.7% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Riley Township in April 2024, up by 66.7% month-over-month. Of the 5 sold homes, 80% were sold under asking, 0% were sold at asking, and 20% were sold over asking.
Days on Market for Riley Township, IL
How long does it take to sell a home in Riley Township, IL?
Average Sale Time
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
47 Days | 46 Days | -2.8% |
Summary: Homes in Riley Township had an average of 46 days on market in Apr 2024, down by 2.8% compared to last month.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 5 homes were sold in Riley Township; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.