Is River Grove, 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, River Grove has remained a Seller's Market.
Housing Prices in River Grove, IL
How much do homes in River Grove, IL cost?
Median Sold Price
$274,000
$199/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in River Grove was $274,000 in April 2024, up 5.6% from last year, and the median price per square foot was $199.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $122.5K | $133K | +8.6% |
2 Bedrooms | $230K | $215K | -6.5% |
3 Bedrooms | $297.5K | $315K | +5.9% |
4 Bedrooms | $302.5K | $317.5K | +5.0% |
5+ Bedrooms | $530K | $496.2K | -6.4% |
Summary: River Grove housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.6%, 2 bedroom homes decreased by 6.5%, 3 bedroom homes increased by 5.9%, 4 bedroom homes increased by 5%, and 5+ bedroom homes decreased by 6.4%.
Median Sold Price Compared To Nearby Cities
Elmwood Park | $305K | $353.1K | +15.8% |
Franklin Park | $275K | $300K | +9.1% |
Leyden Township | $280K | $304.9K | +8.9% |
River Grove | $259.5K | $274K | +5.6% |
Melrose Park | $291K | $300K | +3.1% |
Housing Supply in River Grove, IL
How many homes are available in River Grove, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
25 | 29 | +16.0% |
Summary: The River Grove real estate market had 29 homes for sale in April 2024, a 16.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 4 | +100.0% |
2 Bedrooms | 6 | 6 | 0.0% |
3 Bedrooms | 9 | 7 | -22.2% |
4 Bedrooms | 6 | 9 | +50.0% |
5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The River Grove housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 22.2%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
4 | 11 | +175.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in River Grove in April 2024, up by 175.0% month-over-month. Of the 11 sold homes, 55% were sold under asking, 0% were sold at asking, and 45% were sold over asking.
Days on Market for River Grove, IL
How long does it take to sell a home in River Grove, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
12 Days | 25 Days | +107.2% |
Summary: Homes in River Grove had an average of 25 days on market in Apr 2024, up by 107.2% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 11 homes were sold in River Grove; 73% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.