$2,552 Closing Credit*
$214,900
1,835 SqFt
3 Beds
•2 Full Baths, 1 Partial
Cheri Shadis, Listing Office: The Real Estate Group, Inc.
Is Riverton, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2023
At the same time last year, Riverton was a Buyer's Market.
Key Takeaway
Riverton is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Riverton, IL
How much do homes in Riverton, IL cost?
Median Sold Price
$146,000
$86/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2023
-$1,900(-1.3%)
Key Takeaway
Homes in Riverton have sold for 1.3% less than they did a year ago.
Summary: The median home sold price in Riverton was $146,000 in August 2024, down 1.3% from last year, and the median price per square foot was $86.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $74K | $140.7K | +90.1% |
| 3 Bedrooms | $152K | $147.5K | -3.0% |
| 4 Bedrooms | $147.9K | $186K | +25.8% |
| 5+ Bedrooms | $122.2K | $73K | -40.3% |
Summary: Riverton housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 90.1%, 3 bedroom homes decreased by 3%, 4 bedroom homes increased by 25.8%, and 5+ bedroom homes decreased by 40.3%.
Median Sold Price Compared To Nearby Cities
| Riverton | $147.9K | $146K | -1.3% |
| Clear Lake Township | $193K | $186K | -3.6% |
Housing Supply in Riverton, IL
How many homes are available in Riverton, IL?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 13 | 15 | +15.4% |
Summary: The Riverton real estate market had 15 homes for sale in August 2024, a 15.4% increase compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 8 | 11 | +37.5% |
| 4 Bedrooms | 2 | 1 | -50.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Riverton housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 37.5%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 1 | 5 | +400.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Riverton, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Riverton in August 2024, up by 400.0% month-over-month. Of the 5 sold homes, 60% were sold under asking, 40% were sold at asking, and 0% were sold over asking.
Days on Market for Riverton, IL
How long does it take to sell a home in Riverton, IL?
Average Sale Time
| Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|
| 17 Days | 8 Days | -48.2% |
Summary: Homes in Riverton had an average of 8 days on market in Aug 2024, down by 48.2% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Riverton are selling fast, if you're buying plan to act quickly.
Summary: During August 2024, 5 homes were sold in Riverton; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.