Is Riverdale, 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, Riverdale has remained a Seller's Market.
Housing Prices in Riverdale, IL
How much do homes in Riverdale, IL cost?
Median Sold Price
$127,500
$111/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Riverdale was $127,500 in April 2024, up 12.8% from last year, and the median price per square foot was $111.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $30K | $29K | -3.3% |
2 Bedrooms | $107.5K | $116K | +7.9% |
3 Bedrooms | $122.5K | $136.7K | +11.6% |
4 Bedrooms | $106K | $175.4K | +65.5% |
5+ Bedrooms | $162K | $120K | -25.9% |
Summary: Riverdale housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.3%, 2 bedroom homes increased by 7.9%, 3 bedroom homes increased by 11.6%, 4 bedroom homes increased by 65.5%, and 5+ bedroom homes decreased by 25.9%.
Median Sold Price Compared To Nearby Cities
Riverdale | $112.9K | $127.5K | +12.8% |
Calumet Township | $169.9K | $181K | +6.5% |
Calumet Park | $165K | $165K | 0.0% |
Blue Island | $199.9K | $193.4K | -3.2% |
Housing Supply in Riverdale, IL
How many homes are available in Riverdale, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
55 | 71 | +29.1% |
Summary: The Riverdale real estate market had 71 homes for sale in April 2024, a 29.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 16 | 23 | +43.8% |
3 Bedrooms | 27 | 32 | +18.5% |
4 Bedrooms | 7 | 10 | +42.9% |
5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The Riverdale housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 43.8%, 3 bedroom homes increased by 18.5%, 4 bedroom homes increased by 42.9%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
7 | 13 | +85.7% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 13 homes were sold or pending in Riverdale in April 2024, up by 85.7% month-over-month. Of the 13 sold homes, 54% were sold under asking, 15% were sold at asking, and 31% were sold over asking.
Days on Market for Riverdale, IL
How long does it take to sell a home in Riverdale, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
52 Days | 39 Days | -24.2% |
Summary: Homes in Riverdale had an average of 39 days on market in Apr 2024, down by 24.2% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 13 homes were sold in Riverdale; 46% of homes were sold within 30 days, 46% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.