Riverside, IL Home Values & Market Trends

Real estate market trends reflect that there have been 170 transactions over the past year in Riverside. The median value for residential home transactions that occurred over the previous year is $406,124.25. The number of current listings in Riverside is 3, and the percentage of properties for sale in the city is 3.00%. Riverside, IL currently has 6 properties in foreclosure, 2 bank owned properties, 1 properties headed for auction, and 3 properties for sale.

Riverside, IL Real Estate Market Overview

ZipMedian Est. Value
60546

$ 322,226

$ 261/sqft

Housing Market Summary for Riverside, IL

Mar 2023February 2024Change
Median Listing Price$279.8K$403.9K44.34%
Median Sold Price$413.8K$403.9K-2.38%
Homes For Sale73-57.14%
Homes Sold110100-9.09%
Price
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Homes For Sale
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Price Per Square Foot

On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.

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Browse Homes in Riverside, IL

Riverside home values range from $43,645 to $1,955,155. The median estimated value of a home in Riverside is $406,124.25. The median list price of a home is 264,000, and the total count of properties in the city is 3,638.

Foreclosure
There is 1 zips within Riverside, IL; within this zips, the median estimated home value for homes in foreclosure ranges from $561,683 in 60546 to the lowest value of $390,451 in 60546. Foreclosure homes account for 0.00% of properties in Riverside, IL with 60546 containing 6 foreclosures, the highest number of foreclosure properties in a single zip.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0.08% of all residential properties in Riverside, IL with 60546 containing 3 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Riverside, IL; of that zips, the estimated home value for pre-foreclosure homes ranges from $499,000 in 60546 to the lowest home value of $427,179 in 60546.
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in Riverside, IL ranges from the highest value of $561,683 in 60546 to the lowest value of $397,904 in 60546. Bank owned homes and properties account for 0.05% of properties in Riverside, IL. There is 1 zips within Riverside, IL; 60546 containing 2 REO properties, has the highest number of bank owned properties in a single zip.
  • Auctions
    60546 has 1 auction properties, the highest number of properties going to auction in a single zip in the state of Riverside, IL. Auction homes and other auction properties account for 0.03% of all properties in Riverside, IL. There is 1 zips within Riverside, IL; of that zips, the median estimated home value for homes going to auction ranges from $390,451 in 60546 to the lowest value of $390,451 in 60546.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.08% of residential properties in Riverside, IL with 60546 containing 4 homes for sale, the highest number of listed properties in a single zip. There is 1 zips within Riverside, IL; homes for sale in that zips, have a range of median values from $412,250 in 60546 to the lowest value of $208,006 in 60546.
    Sold Homes
    The median value for recently sold homes ranges from $1,274,235 in 60546 to the lowest price of $111,876 in 60546. There is 1 zips within Riverside, IL. 60546 has 137 recently sold homes, the highest number of recently sold properties in a single zip. Recently sold homes and properties account for 2.69% of properties in Riverside, IL.

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      Guide for Riverside, IL

      California
      Riverside Property Values Soar in 2023 Amid Fierce Housing Market Trends
      Market Reports
      Chicago’s Real Estate Market Experiences Year-Long Zigzag in House Prices, 2022-2023
      Wholesale
      4 Tips on How To Buy a House Wholesale
      A new home
      Home Buying Financing
      How Much Should You Spend On Your First Home?
      See More Articles
      Riverside Property Values Soar in 2023 Amid Fierce Housing Market Trends
      California|posted 15 February 2024

      In 2023, house prices saw a steady increase, ending the year at avg 625k

      Chicago’s Real Estate Market Experiences Year-Long Zigzag in House Prices, 2022-2023
      Market Reports|posted 14 February 2024

      A quick analysis of real estate trends in Chicago and its neighboring areas from November 2022 to December 2023.

      4 Tips on How To Buy a House Wholesale
      Wholesale|posted 8 March 2024

      Looking to buy a house wholesale? Discover 4 essential tips to navigate the wholesale real estate market successfully.

      A new home
      How Much Should You Spend On Your First Home?
      Home Buying Financing|posted 6 March 2024

      Learn about the key factors to consider when determining how much to spend on your first home.

      Recently Listed Homes Riverside, IL

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