Is Riverside Township, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Riverside Township is a buyer's market

Buyer's
Market

Difference Since September 2023

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

Key Takeaway

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

Housing Prices in Riverside Township, IL

How much do homes in Riverside Township, IL cost?

Median Sold Price

$405,000

$258/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$42,750(+11.8%)

Key Takeaway

Homes in Riverside Township have sold for 11.8% more than they did a year ago.

Summary: The median home sold price in Riverside Township was $405,000 in September 2024, up 11.8% from last year, and the median price per square foot was $258.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $138.6K$133.5K
-3.7%
2 $272K$300K
+10.3%
3 $375K$402.5K
+7.3%
4 $582.5K$660K
+13.3%
5+ $744.9K$577.5K
-22.5%

Summary: Riverside Township housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.7%, 2 bedroom homes increased by 10.3%, 3 bedroom homes increased by 7.3%, 4 bedroom homes increased by 13.3%, and 5+ bedroom homes decreased by 22.5%.

Median Sold Price Compared To Nearby Cities

Riverside Township
+11.8%
Brookfield
+7.4%
Riverside
+5.7%
North Riverside
+3.7%

Housing Supply in Riverside Township, IL

How many homes are available in Riverside Township, IL?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
4951+4.1%

Summary: The Riverside Township real estate market had 51 homes for sale in September 2024, a 4.1% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 10
-100.0%
2 1112
+9.1%
3 2120
-4.8%
4 1113
+18.2%
5+ 56
+20.0%

Summary: The Riverside Township housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 9.1%, 3 bedroom homes decreased by 4.8%, 4 bedroom homes increased by 18.2%, and 5+ bedroom homes increased by 20%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
207-65.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Riverside Township, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in Riverside Township in September 2024, down by 65.0% month-over-month. Of the 7 sold homes, 71% were sold under asking, 14% were sold at asking, and 14% were sold over asking.

Days on Market for Riverside Township, IL

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

Average Sale Time

Sep 2023Sep 2024CHANGE
15 Days8 Days-47.2%

Summary: Homes in Riverside Township had an average of 8 days on market in Sep 2024, down by 47.2% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Riverside Township are selling fast, if you're buying plan to act quickly.

Summary: During September 2024, 7 homes were sold in Riverside Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 10 Days Ago

Newest Listings in Riverside Township, IL

Nearby Markets to Riverside Township, IL

What housing markets are near Riverside Township, IL?