Is River Grove, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
At the same time last year, River Grove was a Seller's Market.
Housing Prices in River Grove, IL
How much do homes in River Grove, IL cost?
Median Sold Price
$273,000
$204/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in River Grove was $273,000 in June 2024, up 5% from last year, and the median price per square foot was $204.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $125K | $137K | +9.6% |
2 Bedrooms | $230K | $196K | -14.8% |
3 Bedrooms | $297.5K | $311.2K | +4.6% |
4 Bedrooms | $302.5K | $349.5K | +15.5% |
5+ Bedrooms | $560K | $472.5K | -15.6% |
Summary: River Grove housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.6%, 2 bedroom homes decreased by 14.8%, 3 bedroom homes increased by 4.6%, 4 bedroom homes increased by 15.5%, and 5+ bedroom homes decreased by 15.6%.
Median Sold Price Compared To Nearby Cities
Elmwood Park | $315K | $355K | +12.7% |
Franklin Park | $275K | $310K | +12.7% |
Leyden Township | $285.1K | $308.9K | +8.4% |
River Grove | $260K | $273K | +5.0% |
Melrose Park | $290K | $300K | +3.4% |
Housing Supply in River Grove, IL
How many homes are available in River Grove, IL?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
25 | 19 | -24.0% |
Summary: The River Grove real estate market had 19 homes for sale in June 2024, a 24.0% decrease compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 2 | -50.0% |
2 Bedrooms | 4 | 5 | +25.0% |
3 Bedrooms | 7 | 4 | -42.9% |
4 Bedrooms | 8 | 6 | -25.0% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The River Grove housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 25%, 3 bedroom homes decreased by 42.9%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
13 | 3 | -76.9% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 3 homes were sold or pending in River Grove in June 2024, down by 76.9% month-over-month. Of the 3 sold homes, 0% were sold under asking, 33% were sold at asking, and 67% were sold over asking.
Days on Market for River Grove, IL
How long does it take to sell a home in River Grove, IL?
Average Sale Time
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
14 Days | 53 Days | +269.2% |
Summary: Homes in River Grove had an average of 53 days on market in Jun 2024, up by 269.2% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During June 2024, 3 homes were sold in River Grove; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.