Is Riverdale, IL a buyer’s or seller’s market?

Housing Market Conditions



Gauge showing Riverdale is a buyer's market


Difference Since May 2022

At the same time last year, Riverdale was a Seller's Market.

Key Takeaway

Riverdale is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

How much do homes in Riverdale, IL cost?

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since May 2022


Key Takeaway

Homes in Riverdale have sold for 15.4% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSMay 2022May 2023%
1 -$30K
2 $85K$105K
3 $93K$130K
4 $157K$125K
5+ $160K$159K

Median Sold Price Compared To Nearby Cities

Calumet Park
Calumet Township
Blue Island

How many homes are available in Riverdale, IL?

Number of Homes For Sale

Apr 2023May 2023%

Homes For Sale By Bedroom Count

# BEDSApr 2023May 2023%
1 11
2 2219
3 3239
4 1012
5+ 1111

Number of Homes Sold

Apr 2023May 2023%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Riverdale, you may be able to get a good deal. 77.8% of homes here sold below asking price last month.

How long does it take to sell a home in Riverdale, IL?

How long does it take to sell a home in Riverdale, IL?

Average Sale Time

May 2022May 2023%
42 Days97 Days+126.3%

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Riverdale 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.

What housing markets are near Riverdale, IL?

About Riverdale, IL

Riverdale, IL has 82 homes for sale to choose from. The number of homes for sale in Riverdale, IL increased by 7.9% between April 2023 and May 2023. In May 2023, listings were on the market for 97 days. During the same period, the median list price in this real estate market was $112,500. Between April 2023 and May 2023, listing prices of homes in this real estate market have seen the following changes: the cost of 1 bedroom properties went up by 0%, prices of 2 bedrooms properties increased by 23.5%, 3 bedrooms properties became 39.8% more expensive, prices of 4 bedrooms properties decreased by 20.4%, 5 bedrooms properties prices decreased by 0.6%. Housing inventory have changed in this real estate market: 1 bedroom homes inventory did not change, number of 2 bedrooms homes decreased by 13.6%, 3 bedrooms homes inventory increased by 21.9%, volume of 4 bedrooms homes went up by 20%, 5 bedrooms homes did not move. While more than 2 listings in Riverdale, IL in May 2023 were sold above asking price, there were more than 0 listings sold at asking price, and more than 7 were sold below.