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 June 2021

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.

How much do homes in North Riverside, IL cost?

Median Sold Price

$299,800

$223/sqft

Based on all homes sold in the last 12 months.

Difference Since June 2021

+$27,800(+10.2%)

Key Takeaway

Homes in North Riverside have sold for 10.2% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSJun 2021Jun 2022%
1 -$156.2K
N/A
2 $230K$266K
+15.7%
3 $295K$330K
+11.9%
4 $299.5K$314K
+4.8%
5+ $428.5K$500K
+16.7%

Median Sold Price Compared To Nearby Cities

Broadview
+14.6%
Riverside
+11.6%
North Riverside
+10.2%
Forest Park
+6.0%
Riverside Township
+1.4%

How many homes are available in North Riverside, IL?

Number of Homes For Sale

May 2022Jun 2022%
2227+22.7%

Homes For Sale By Bedroom Count

# BEDSMay 2022Jun 2022%
1 11
0.0%
2 69
+50.0%
3 87
-12.5%
4 69
+50.0%
5+ 11
0.0%

Number of Homes Sold

May 2022Jun 2022%
59+80.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

2 Homes Were 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. 55.6% of homes here sold above asking price last month.

Average Sale Time

Jun 2021Jun 2022%
21 Days7 Days-63.6%

Breakdown of Home Sale Times

9 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About North Riverside, IL

There are 27 homes are for sale in North Riverside, IL real estate market. In June 2022 in North Riverside, IL there were 22.7% more homes for sale than in May 2022. While the average time on the market in June 2022 was 7 days, the median list price was $299,800. This housing market listing prices have changed between May 2022 and June 2022: prices of 1 bedroom properties increased by 0%, prices of 2 bedrooms properties went up by 15.7%, prices of 3 bedrooms properties went up by 11.9%, prices of 4 bedrooms properties increased by 4.8%, 5 bedrooms properties prices increased by 16.7%. Housing inventory have changed in this real estate market: volume of 1 bedroom homes stayed the same, volume of 2 bedrooms homes went up by 50%, 3 bedrooms homes became 12.5% less available, the quantity of 4 bedrooms homes went up by 50%, volume of 5 bedrooms homes stayed the same. In June 2022, from all listings sold in North Riverside, IL there were more than 5 sold above asking price, over 2 sold below and more than 2 were sold right at the asked price.

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