Is Riverside Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Riverside Township was a Seller's Market.
Housing Prices in Riverside Township, IL
How much do homes in Riverside Township, IL cost?
Median Sold Price
$393,000
$247/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Riverside Township was $393,000 in May 2024, up 9.8% from last year, and the median price per square foot was $247.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $110.5K | $132.2K | +19.7% |
2 Bedrooms | $263K | $300K | +14.1% |
3 Bedrooms | $393K | $361K | -8.1% |
4 Bedrooms | $529.5K | $615K | +16.1% |
5+ Bedrooms | $545K | $590K | +8.3% |
Summary: Riverside Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 19.7%, 2 bedroom homes increased by 14.1%, 3 bedroom homes decreased by 8.1%, 4 bedroom homes increased by 16.1%, and 5+ bedroom homes increased by 8.3%.
Median Sold Price Compared To Nearby Cities
Brookfield | $315K | $350K | +11.1% |
Riverside Township | $358K | $393K | +9.8% |
North Riverside | $303.2K | $329K | +8.5% |
Lyons | $243K | $250K | +2.9% |
Riverside | $385K | $380K | -1.3% |
Housing Supply in Riverside Township, IL
How many homes are available in Riverside Township, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
64 | 67 | +4.7% |
Summary: The Riverside Township real estate market had 67 homes for sale in May 2024, a 4.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 1 | -66.7% |
2 Bedrooms | 14 | 11 | -21.4% |
3 Bedrooms | 28 | 26 | -7.1% |
4 Bedrooms | 12 | 20 | +66.7% |
5+ Bedrooms | 7 | 9 | +28.6% |
Summary: The Riverside Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 66.7%, 2 bedroom homes decreased by 21.4%, 3 bedroom homes decreased by 7.1%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes increased by 28.6%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
24 | 11 | -54.2% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in Riverside Township in May 2024, down by 54.2% month-over-month. Of the 11 sold homes, 18% were sold under asking, 18% were sold at asking, and 64% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
11 Days | 8 Days | -28.8% |
Summary: Homes in Riverside Township had an average of 8 days on market in May 2024, down by 28.8% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 11 homes were sold in Riverside Township; 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.