Is Riverside Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 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
$374,950
$239/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Riverside Township was $374,950 in April 2024, up 15.2% from last year, and the median price per square foot was $239.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $127.5K | $136.1K | +6.8% |
2 Bedrooms | $253K | $280K | +10.7% |
3 Bedrooms | $340K | $346.5K | +1.9% |
4 Bedrooms | $479K | $602.5K | +25.8% |
5+ Bedrooms | $560K | $616.5K | +10.1% |
Summary: Riverside Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.8%, 2 bedroom homes increased by 10.7%, 3 bedroom homes increased by 1.9%, 4 bedroom homes increased by 25.8%, and 5+ bedroom homes increased by 10.1%.
Median Sold Price Compared To Nearby Cities
Riverside Township | $325.5K | $374.9K | +15.2% |
Ellington Township | $176.2K | $190K | +7.8% |
Housing Supply in Riverside Township, IL
How many homes are available in Riverside Township, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
53 | 69 | +30.2% |
Summary: The Riverside Township real estate market had 69 homes for sale in April 2024, a 30.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 3 | +50.0% |
2 Bedrooms | 13 | 18 | +38.5% |
3 Bedrooms | 22 | 28 | +27.3% |
4 Bedrooms | 6 | 14 | +133.3% |
5+ Bedrooms | 10 | 6 | -40.0% |
Summary: The Riverside Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 38.5%, 3 bedroom homes increased by 27.3%, 4 bedroom homes increased by 133.3%, and 5+ bedroom homes decreased by 40%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
18 | 21 | +16.7% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 21 homes were sold or pending in Riverside Township in April 2024, up by 16.7% month-over-month. Of the 21 sold homes, 38% were sold under asking, 14% were sold at asking, and 48% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
56 Days | 11 Days | -79.6% |
Summary: Homes in Riverside Township had an average of 11 days on market in Apr 2024, down by 79.6% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 21 homes were sold in Riverside Township; 90% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.