Is North Riverside, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, North Riverside has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $45K | - | N/A |
2 Bedrooms | $270K | $310K | +14.8% |
3 Bedrooms | $328.2K | $325K | -1.0% |
4 Bedrooms | $420K | $382K | -9.0% |
5+ Bedrooms | $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 | $300.5K | $329.2K | +9.6% |
Riverside Township | $362K | $385K | +6.4% |
Broadview | $245K | $252.5K | +3.1% |
Forest Park | $285K | $291.6K | +2.3% |
Riverside | $390K | $379.5K | -2.7% |
Housing Supply in North Riverside, IL
How many homes are available in North Riverside, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
16 | 26 | +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
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 2 | 11 | +450.0% |
3 Bedrooms | 9 | 7 | -22.2% |
4 Bedrooms | 3 | 7 | +133.3% |
5+ Bedrooms | 1 | 0 | -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 2024 | Apr 2024 | CHANGE |
---|---|---|
6 | 7 | +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
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 2023 | Apr 2024 | CHANGE |
---|---|---|
27 Days | 10 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
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.