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

Housing Market Conditions



Gauge showing Riverside Township is a seller's market


Difference Since August 2022

Since last year, Riverside Township has remained a Seller's Market.

Key Takeaway

Riverside Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices

How much do homes in Riverside Township, IL cost?

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since August 2022


Key Takeaway

Homes in Riverside Township have sold for 2.4% less than they did a year ago.

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

# BEDSAug 2022Aug 2023CHANGE
1 $109K$145K
2 $280K$272K
3 $365K$368.7K
4 $537K$615K
5+ $597.5K$775K

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

North Riverside
Riverside Township

Housing Supply

How many homes are available in Riverside Township, IL?

Number of Homes For Sale

Jul 2023Aug 2023CHANGE

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

# BEDSJul 2023Aug 2023CHANGE
1 22
2 1012
3 2529
4 1916
5+ 66

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 2023Aug 2023CHANGE

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Riverside Township, you could pay more than the asking price. 53.8% of homes here sold above asking price last month.

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 2022Aug 2023CHANGE
23 Days23 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

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 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.

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

Report Updated 27 Days Ago

Newest Listings

Nearby Markets

What housing markets are near Riverside Township, IL?