Is Riverwoods, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Riverwoods was a Seller's Market.
Housing Prices in Riverwoods, IL
How much do homes in Riverwoods, IL cost?
Median Sold Price
$799,900
$240/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Riverwoods was $799,900 in May 2024, up 8.8% from last year, and the median price per square foot was $240.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | $329K | N/A |
3 Bedrooms | $650K | $680K | +4.6% |
4 Bedrooms | $756.2K | $850K | +12.4% |
5+ Bedrooms | $850K | $1.1M | +35.3% |
Summary: Riverwoods housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 4.6%, 4 bedroom homes increased by 12.4%, and 5+ bedroom homes increased by 35.3%.
Median Sold Price Compared To Nearby Cities
West Deerfield Township | $670.1K | $737K | +10.0% |
Riverwoods | $735K | $799.9K | +8.8% |
Vernon Township | $455.2K | $486.3K | +6.8% |
Bannockburn | $1.0M | $1.0M | +1.4% |
Lincolnshire | $625K | $611K | -2.2% |
Housing Supply in Riverwoods, IL
How many homes are available in Riverwoods, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
15 | 18 | +20.0% |
Summary: The Riverwoods real estate market had 18 homes for sale in May 2024, a 20.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 0 | 0.0% |
3 Bedrooms | 3 | 3 | 0.0% |
4 Bedrooms | 5 | 5 | 0.0% |
5+ Bedrooms | 7 | 10 | +42.9% |
Summary: The Riverwoods housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 42.9%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
5 | 2 | -60.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Riverwoods in May 2024, down by 60.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Riverwoods, IL
How long does it take to sell a home in Riverwoods, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
213 Days | 12 Days | -94.2% |
Summary: Homes in Riverwoods had an average of 12 days on market in May 2024, down by 94.2% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 2 homes were sold in Riverwoods; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.