Is Riverdale, 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, Riverdale was a Seller's Market.
Housing Prices in Riverdale, IL
How much do homes in Riverdale, IL cost?
Median Sold Price
$125,000
$109/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Riverdale was $125,000 in June 2024, up 8.7% from last year, and the median price per square foot was $109.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $29.7K | $28.5K | -4.2% |
2 Bedrooms | $107.5K | $111.9K | +4.1% |
3 Bedrooms | $132.5K | $135K | +1.9% |
4 Bedrooms | $134K | $194.9K | +45.4% |
5+ Bedrooms | $165K | $120K | -27.3% |
Summary: Riverdale housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.2%, 2 bedroom homes increased by 4.1%, 3 bedroom homes increased by 1.9%, 4 bedroom homes increased by 45.4%, and 5+ bedroom homes decreased by 27.3%.
Median Sold Price Compared To Nearby Cities
Calumet Township | $169.9K | $185K | +8.9% |
Riverdale | $115K | $125K | +8.7% |
Dixmoor | $127.5K | $135.5K | +6.3% |
Blue Island | $192K | $201K | +4.7% |
Calumet Park | $172.7K | $167.5K | -3.0% |
Housing Supply in Riverdale, IL
How many homes are available in Riverdale, IL?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
69 | 73 | +5.8% |
Summary: The Riverdale real estate market had 73 homes for sale in June 2024, a 5.8% increase compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 21 | 21 | 0.0% |
3 Bedrooms | 32 | 33 | +3.1% |
4 Bedrooms | 9 | 13 | +44.4% |
5+ Bedrooms | 7 | 6 | -14.3% |
Summary: The Riverdale housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 3.1%, 4 bedroom homes increased by 44.4%, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
11 | 9 | -18.2% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Riverdale in June 2024, down by 18.2% month-over-month. Of the 9 sold homes, 22% were sold under asking, 44% were sold at asking, and 33% were sold over asking.
Days on Market for Riverdale, IL
How long does it take to sell a home in Riverdale, IL?
Average Sale Time
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
40 Days | 54 Days | +33.9% |
Summary: Homes in Riverdale had an average of 54 days on market in Jun 2024, up by 33.9% compared to last year.
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
Summary: During June 2024, 9 homes were sold in Riverdale; 56% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.