Is Riverside, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Riverside has remained a Seller's Market.
Housing Prices in Riverside, IL
How much do homes in Riverside, IL cost?
Median Sold Price
$385,000
$250/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Riverside was $385,000 in March 2024, down 1.9% from last year, and the median price per square foot was $250.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $110K | $138.6K | +26.0% |
2 Bedrooms | $268K | $275K | +2.6% |
3 Bedrooms | $410K | $362.5K | -11.6% |
4 Bedrooms | $618K | $615K | -0.5% |
5+ Bedrooms | $595.5K | $590K | -0.9% |
Summary: Riverside housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 26%, 2 bedroom homes increased by 2.6%, 3 bedroom homes decreased by 11.6%, 4 bedroom homes decreased by 0.5%, and 5+ bedroom homes decreased by 0.9%.
Median Sold Price Compared To Nearby Cities
North Riverside | $300.2K | $329.5K | +9.7% |
Riverside Township | $361K | $391.5K | +8.4% |
Berwyn | $295.6K | $315K | +6.5% |
Lyons | $250K | $250K | 0.0% |
Riverside | $392.5K | $385K | -1.9% |
Housing Supply in Riverside, IL
How many homes are available in Riverside, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
34 | 49 | +44.1% |
Summary: The Riverside real estate market had 49 homes for sale in March 2024, a 44.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 5 | 11 | +120.0% |
3 Bedrooms | 15 | 19 | +26.7% |
4 Bedrooms | 7 | 8 | +14.3% |
5+ Bedrooms | 5 | 9 | +80.0% |
Summary: The Riverside 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 increased by 120%, 3 bedroom homes increased by 26.7%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes increased by 80%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
7 | 16 | +128.6% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 16 homes were sold or pending in Riverside in March 2024, up by 128.6% month-over-month. Of the 16 sold homes, 56% were sold under asking, 19% were sold at asking, and 25% were sold over asking.
Days on Market for Riverside, IL
How long does it take to sell a home in Riverside, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
69 Days | 28 Days | -59.8% |
Summary: Homes in Riverside had an average of 28 days on market in Mar 2024, down by 59.8% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 16 homes were sold in Riverside; 63% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.