Is Riverside Township, 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 Township has remained a Seller's Market.
Housing Prices in Riverside Township, IL
How much do homes in Riverside Township, IL cost?
Median Sold Price
$391,500
$250/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Riverside Township was $391,500 in March 2024, up 8.4% 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 | $272K | $280K | +2.9% |
3 Bedrooms | $380K | $376K | -1.1% |
4 Bedrooms | $567.4K | $565K | -0.4% |
5+ Bedrooms | $575K | $583.7K | +1.5% |
Summary: Riverside Township 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 2.9%, 3 bedroom homes decreased by 1.1%, 4 bedroom homes decreased by 0.4%, and 5+ bedroom homes increased by 1.5%.
Median Sold Price Compared To Nearby Cities
Brookfield | $309.9K | $349.5K | +12.8% |
North Riverside | $300.2K | $329.5K | +9.7% |
Riverside Township | $361K | $391.5K | +8.4% |
Lyons | $250K | $250K | 0.0% |
Riverside | $392.5K | $385K | -1.9% |
Housing Supply in Riverside Township, IL
How many homes are available in Riverside Township, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
40 | 55 | +37.5% |
Summary: The Riverside Township real estate market had 55 homes for sale in March 2024, a 37.5% 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 | 6 | 12 | +100.0% |
3 Bedrooms | 18 | 23 | +27.8% |
4 Bedrooms | 7 | 8 | +14.3% |
5+ Bedrooms | 7 | 10 | +42.9% |
Summary: The Riverside Township 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 100%, 3 bedroom homes increased by 27.8%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes increased by 42.9%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
7 | 18 | +157.1% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 18 homes were sold or pending in Riverside Township in March 2024, up by 157.1% month-over-month. Of the 18 sold homes, 56% were sold under asking, 17% were sold at asking, and 28% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
67 Days | 28 Days | -57.5% |
Summary: Homes in Riverside Township had an average of 28 days on market in Mar 2024, down by 57.5% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 18 homes were sold in Riverside Township; 61% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.