Is Riverside Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2022
Since last year, Riverside Township has remained a Seller's Market.
Housing Prices
How much do homes in Riverside Township, IL cost?
Median Sold Price
$360,000
$246/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2022
Summary: The median home sold price in Riverside Township was $360,000 in August 2023, down 2.4% from last year, and the median price per square foot was $246.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Aug 2022 | Aug 2023 | CHANGE |
---|---|---|---|
1 Bedroom | $109K | $145K | +33.0% |
2 Bedrooms | $280K | $272K | -2.9% |
3 Bedrooms | $365K | $368.7K | +1.0% |
4 Bedrooms | $537K | $615K | +14.5% |
5+ Bedrooms | $597.5K | $775K | +29.7% |
Summary: Riverside Township housing prices by bedroom type for August 2023 compared to the previous year: The home price of 1 bedroom homes increased by 33%, 2 bedroom homes decreased by 2.9%, 3 bedroom homes increased by 1%, 4 bedroom homes increased by 14.5%, and 5+ bedroom homes increased by 29.7%.
Median Sold Price Compared To Nearby Cities
Brookfield | $300.7K | $326.8K | +8.7% |
North Riverside | $310K | $325K | +4.8% |
Riverside Township | $369K | $360K | -2.4% |
Lyons | $247.4K | $240.5K | -2.8% |
Riverside | $435K | $385K | -11.5% |
Housing Supply
How many homes are available in Riverside Township, IL?
Number of Homes For Sale
Jul 2023 | Aug 2023 | CHANGE |
---|---|---|
62 | 65 | +4.8% |
Summary: The Riverside Township real estate market had 65 homes for sale in August 2023, a 4.8% increase compared to July 2023.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jul 2023 | Aug 2023 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 10 | 12 | +20.0% |
3 Bedrooms | 25 | 29 | +16.0% |
4 Bedrooms | 19 | 16 | -15.8% |
5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The Riverside Township housing inventory by bedroom type for August 2023 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 16%, 4 bedroom homes decreased by 15.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Jul 2023 | Aug 2023 | CHANGE |
---|---|---|
19 | 13 | -31.6% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 13 homes were sold or pending in Riverside Township in August 2023, down by 31.6% month-over-month. Of the 13 sold homes, 23% were sold under asking, 23% were sold at asking, and 54% were sold over asking.
Days on Market
How long does it take to sell a home in Riverside Township, IL?
Average Sale Time
Aug 2022 | Aug 2023 | CHANGE |
---|---|---|
23 Days | 23 Days | -2.0% |
Summary: Homes in Riverside Township had an average of 23 days on market in Aug 2023, down by 2% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During August 2023, 13 homes were sold in Riverside Township; 77% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.