Is Riverwoods, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Riverwoods is a seller's market

Buyer's
Market

Difference Since November 2021

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

Key Takeaway

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

How much do homes in Riverwoods, IL cost?

Median Sold Price

$712,500

$214/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

-$8,700(-1.2%)

Key Takeaway

Homes in Riverwoods have sold for 1.2% less than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 --
N/A
2 $325K-
N/A
3 $589.9K$618K
+4.8%
4 $712.5K$715K
0.4%
5+ $837.5K$840K
0.3%

Median Sold Price Compared To Nearby Cities

Lincolnshire
+16.2%
West Deerfield Township
+14.1%
Vernon Township
+10.5%
Riverwoods
-1.2%

How many homes are available in Riverwoods, IL?

Number of Homes For Sale

Oct 2022Nov 2022%
1719+11.8%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 00
0.0%
2 00
0.0%
3 65
-16.7%
4 710
+42.9%
5+ 44
0.0%

Number of Homes Sold

Oct 2022Nov 2022%
25+150.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Riverwoods, you may be able to get a good deal. 60% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
49 Days19 Days-60.4%

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

Breakdown of Home Sale Times

Key Takeaway

Many homes in Riverwoods 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 Riverwoods, IL

Riverwoods, IL has 19 homes on the market. Between October 2022 and November 2022, Riverwoods, IL real estate market has seen increase in the number of listings by 11.8%. In November 2022, listings were on the market for 19 days. During the same period, the median list price in this real estate market was $712,500. Listing prices have changed in this real estate market between October 2022 and November 2022: prices of 1 bedroom properties went up by 0%, the cost of 2 bedrooms properties went up by 0%, prices of 3 bedrooms properties went up by 4.8%, the cost of 4 bedrooms properties went up by 0.4%, 5 bedrooms properties prices increased by 0.3%. This housing market inventory have changed: 1 bedroom homes inventory did not change, 2 bedrooms homes inventory did not change, the quantity of 3 bedrooms homes went down by 16.7%, 4 bedrooms homes inventory increased by 42.9%, 5 bedrooms homes did not move. In November 2022, from all listings sold in Riverwoods, IL there were more than 1 sold above asking price, over 3 sold below and more than 1 were sold right at the asked price.

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