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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Riverdale is a neutral's market

Buyer's
Market

Difference Since December 2020

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

Key Takeaway

Riverdale is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

How much do homes in Riverdale, IL cost?

Median Sold Price

$94,950

$76/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2020

+$32,950(+53.1%)

Key Takeaway

Homes in Riverdale have sold for 53.1% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSDec 2020Dec 2021%
1 $16.5K-
N/A
2 $47.2K$79.9K
+69.1%
3 $62K$95K
+53.2%
4 $78.9K$109.9K
+39.2%
5+ $98.9K$162.5K
+64.2%

Median Sold Price Compared To Nearby Cities

Riverdale
+53.1%
Blue Island
+25.2%
Calumet Park
+17.2%
Calumet Township
+12.2%

How many homes are available in Riverdale, IL?

Number of Homes For Sale

Nov 2021Dec 2021%
6263+1.6%

Homes For Sale By Bedroom Count

# BEDSNov 2021Dec 2021%
1 00
0.0%
2 1614
-12.5%
3 3536
+2.9%
4 55
0.0%
5+ 68
+33.3%

Number of Homes Sold

Nov 2021Dec 2021%
10100.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

4 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. 40% of homes here sold below asking price last month.

Average Sale Time

Dec 2020Dec 2021%
30 Days21 Days-29.5%

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 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.

About Riverdale, IL

Riverdale, IL has 63 homes on the market. The inventory of homes for sale in Riverdale, IL between November 2021 and December 2021 increased by 1.6%. In December 2021 median list price was $94,950 and the average listing age was 21 days. This housing market listing prices have changed between November 2021 and December 2021: 1 bedroom properties became 0% more expensive, 2 bedrooms properties became 69.1% more expensive, 3 bedrooms properties prices increased by 53.2%, prices of 4 bedrooms properties went up by 39.2%, the cost of 5 bedrooms properties went up by 64.2%. This housing market inventory have changed: number of 1 bedroom homes remained the same, the quantity of 2 bedrooms homes went down by 12.5%, 3 bedrooms homes inventory increased by 2.9%, the quantity of 4 bedrooms homes have not changed, the quantity of 5 bedrooms homes went up by 33.3%. Over 4 listings were sold over their listed price in December 2021 in Riverdale, IL. In the same period over 4 listings were sold below the listed price and 2 listings were sold for the listed price.

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