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 seller's market

Buyer's
Market

Difference Since April 2023

Since last year, North Riverside has remained a Seller's Market.

Key Takeaway

North Riverside is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in North Riverside, IL

How much do homes in North Riverside, IL cost?

Median Sold Price

$329,250

$250/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$28,750(+9.6%)

Key Takeaway

Homes in North Riverside have sold for 9.6% more than they did a year ago.

Summary: The median home sold price in North Riverside was $329,250 in April 2024, up 9.6% from last year, and the median price per square foot was $250.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $45K-
N/A
2 $270K$310K
+14.8%
3 $328.2K$325K
-1.0%
4 $420K$382K
-9.0%
5+ $487.5K$450K
-7.7%

Summary: North Riverside housing prices by bedroom type for April 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 1%, 4 bedroom homes decreased by 9%, and 5+ bedroom homes decreased by 7.7%.

Median Sold Price Compared To Nearby Cities

North Riverside
+9.6%
Riverside Township
+6.4%
Broadview
+3.1%
Forest Park
+2.3%
Riverside
-2.7%

Housing Supply in North Riverside, IL

How many homes are available in North Riverside, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
1626+62.5%

Summary: The North Riverside real estate market had 26 homes for sale in April 2024, a 62.5% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 11
0.0%
2 211
+450.0%
3 97
-22.2%
4 37
+133.3%
5+ 10
-100.0%

Summary: The North Riverside 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 increased by 450%, 3 bedroom homes decreased by 22.2%, 4 bedroom homes increased by 133.3%, and 5+ bedroom homes decreased by 100%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
67+16.7%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in North Riverside, you could pay more than the asking price. 71.4% of homes here sold above asking price last month.

Summary: A total of 7 homes were sold or pending in North Riverside in April 2024, up by 16.7% month-over-month. Of the 7 sold homes, 14% were sold under asking, 14% were sold at asking, and 71% 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

Apr 2023Apr 2024CHANGE
27 Days10 Days-62.6%

Summary: Homes in North Riverside had an average of 10 days on market in Apr 2024, down by 62.6% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

1 Home Was 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 April 2024, 7 homes were sold in North Riverside; 86% of homes were sold within 30 days, 14% 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 10 Days Ago

Newest Listings in North Riverside, IL

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