Is Riverdale, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 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
$124,900
$111/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Riverdale was $124,900 in March 2024, up 12.3% from last year, and the median price per square foot was $111.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $30K | $29K | -3.3% |
2 Bedrooms | $110K | $107.9K | -1.9% |
3 Bedrooms | $111.5K | $132K | +18.4% |
4 Bedrooms | $125K | $156K | +24.8% |
5+ Bedrooms | $165K | $126K | -23.6% |
Summary: Riverdale housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.3%, 2 bedroom homes decreased by 1.9%, 3 bedroom homes increased by 18.4%, 4 bedroom homes increased by 24.8%, and 5+ bedroom homes decreased by 23.6%.
Median Sold Price Compared To Nearby Cities
Riverdale | $111.2K | $124.9K | +12.3% |
Calumet Township | $164.9K | $180K | +9.1% |
Calumet Park | $159.9K | $172.4K | +7.8% |
Blue Island | $200K | $192K | -4.0% |
Housing Supply in Riverdale, IL
How many homes are available in Riverdale, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
58 | 57 | -1.7% |
Summary: The Riverdale real estate market had 57 homes for sale in March 2024, a 1.7% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 15 | 13 | -13.3% |
3 Bedrooms | 29 | 31 | +6.9% |
4 Bedrooms | 8 | 8 | 0.0% |
5+ Bedrooms | 6 | 5 | -16.7% |
Summary: The Riverdale housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 13.3%, 3 bedroom homes increased by 6.9%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
10 | 7 | -30.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Riverdale in March 2024, down by 30.0% month-over-month. Of the 7 sold homes, 29% were sold under asking, 0% were sold at asking, and 71% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
22 Days | 86 Days | +287.7% |
Summary: Homes in Riverdale had an average of 86 days on market in Mar 2024, up by 287.7% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 7 homes were sold in Riverdale; 43% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.