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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Riverdale is a seller's market

Buyer's
Market

Difference Since April 2023

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

Key Takeaway

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

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

+$14,501(+12.8%)

Key Takeaway

Homes in Riverdale have sold for 12.8% more than they did a year ago.

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

# BEDSApr 2023Apr 2024CHANGE
1 $30K$29K
-3.3%
2 $107.5K$116K
+7.9%
3 $122.5K$136.7K
+11.6%
4 $106K$175.4K
+65.5%
5+ $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
+12.8%
Calumet Township
+6.5%
Calumet Park
0.0%
Blue Island
-3.2%

Housing Supply in Riverdale, IL

How many homes are available in Riverdale, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
5571+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

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 1623
+43.8%
3 2732
+18.5%
4 710
+42.9%
5+ 56
+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 2024Apr 2024CHANGE
713+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Riverdale, you may be able to get a good deal. 53.8% of homes here sold below asking price last month.

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 2023Apr 2024CHANGE
52 Days39 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in Riverdale are selling fast, if you're buying plan to act quickly.

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.

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

Report Updated 10 Days Ago

Newest Listings in Riverdale, IL

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