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 neutral's market

Buyer's
Market

Difference Since July 2021

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

Key Takeaway

Riverside Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

How much do homes in Riverside Township, IL cost?

Median Sold Price

$370,066

$233/sqft

Based on all homes sold in the last 12 months.

Difference Since July 2021

+$2,033(+0.6%)

Key Takeaway

Homes in Riverside Township have sold for 0.6% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSJul 2021Jul 2022%
1 $95K$105.5K
+11.1%
2 $248.5K$280K
+12.7%
3 $390K$365K
-6.4%
4 $525K$535K
+1.9%
5+ $595.5K$597.5K
0.3%

Median Sold Price Compared To Nearby Cities

Lyons
+15.3%
North Riverside
+9.6%
Brookfield
+6.1%
Riverside
+5.5%
Riverside Township
+0.6%

How many homes are available in Riverside Township, IL?

Number of Homes For Sale

Jun 2022Jul 2022%
8184+3.7%

Homes For Sale By Bedroom Count

# BEDSJun 2022Jul 2022%
1 21
-50.0%
2 2529
+16.0%
3 3335
+6.1%
4 1213
+8.3%
5+ 96
-33.3%

Number of Homes Sold

Jun 2022Jul 2022%
2314-39.1%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

5 Homes Were 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. 35.7% of homes here sold below asking price last month.

Average Sale Time

Jul 2021Jul 2022%
16 Days29 Days+76.0%

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was 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.

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

About Riverside Township, IL

Number of homes for sale in Riverside Township, IL real estate market have reached 84. Between June 2022 and July 2022, Riverside Township, IL real estate market has seen increase in the number of listings by 3.7%. In July 2022 median list price was $370,066 and the average listing age was 29 days. Real estate listing prices changed between June 2022 and July 2022: 1 bedroom properties became 11.1% more expensive, prices of 2 bedrooms properties went up by 12.7%, prices of 3 bedrooms properties went down by 6.4%, prices of 4 bedrooms properties went up by 1.9%, 5 bedrooms properties prices increased by 0.3%. The following changes in the number of homes for sale were observed in this housing market: number of 1 bedroom homes decreased by 50%, 2 bedrooms homes inventory increased by 16%, 3 bedrooms homes became 6.1% more available, volume of 4 bedrooms homes went up by 8.3%, 5 bedrooms homes inventory decreased by 33.3%. In July 2022 more than 5 listings in Riverside Township, IL were sold above the asking price. During the same period more than 4 listings were sold at asking price, while more than 5 were sold below.

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