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Featured local agent — River Grove, IL
Sarah Mitchell
Compass Real Estate · River Grove, IL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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River Grove, IL Housing Market & Real Estate
Housing market overview · Updated monthly ·
$342,500median sale price
How is the River Grove, IL housing market right now?
The median home sale price in River Grove, IL is $342,500, up 44.4% year-over-year. Homes sell in an average of 49 days with 32 active listings. The market is currently a seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is River Grove a buyer's or seller's market?
River Grove, IL is currently a seller's market, based on 2.3 months of supply and homes selling in about 49 days. How we determine this →
Homes sold
14
Last 12 weeks
Days on market
49
Average pace
Active listings
32
2.3 months supply
Sale-to-list
100.3%
Above asking
What does the River Grove housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $342,500 |
| Median list price | $484,900 |
| Year-over-year price change | +44.4% |
| Average days on market | 49 days |
| Active inventory | 32 listings |
| Months of supply | 2.3 months |
| Sale-to-list price ratio | 100.3% |
| Median price per sq ft | $218/sq ft |
| Homes sold (latest month) | 14 |
| New listings (latest month) | 15 |
| Listings with a price cut | 9.4% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in River Grove by property type?
How the River Grove, IL market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $389,500 | $222/sq ft | 10 | 49 days |
| Condo / Co-op | $167,450 | $214/sq ft | 4 | 57 days |
| Townhouse | $539,000 | $291/sq ft | 1 | 188 days |
Source: Redfin · Updated monthly
The River Grove housing market is currently classified as a seller's market with a median sale price of $342,500. Prices have risen 44.4% compared to last year, with homes spending an average of 49 days on market, indicating 2.3 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 4.2x provides context for how home values compare to local earning capacity.
Market trends
Homes for sale in River Grove
There are currently 32 homes listed for sale in River Grove, Illinois. The median listing price is $485K.
Active listings
32
Homes on market
Median list price
$485K
Avg. days on market
49
Days until sale
New this week
15
Newly listed
Who lives in River Grove?
Population
10,482
Median income
$74,793/yr
Median age
36.6 years
Owner-occupied
59.6%
College grads
25.8%
Avg commute
33.1 min
Source: U.S. Census Bureau ACS
What are homes worth in River Grove?
Zillow home value
$314,600
Zillow rent index
$2,870/mo
Price-to-rent ratio
9.1x
Price-to-income
4.2x
Source: Zillow Research
What is it like to live in River Grove?
River Grove is a community of approximately 10K residents with a median age of 36.6 years.The median household income is $74,793, which represents a working-class community with solid middle-income opportunities. 25.8% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 59.6%, showing a blend of owner and renter-occupied properties. The average commute time is 33.1 minutes, which suggests a more suburban or rural location for those willing to commute longer distances.Overall, River Grove offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve River Grove?
3 schools tracked · 1,234 students
The largest public schools serving River Grove, IL by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
River Grove Elem School
Grades PK-8 · 730 students
Rhodes Elem School
Grades PK-8 · 504 students
Des Plaines Valley EFE
Grades 9-12
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near River Grove, IL?
Want a head-to-head view? Compare River Grove side-by-side with any other U.S. city using our market-comparison tool.
Is River Grove a good real estate investment market?
For investors evaluating River Grove, the price-to-rent ratio of 9.1x suggests potential rental yield opportunity, making the market attractive for income-focused investors. The market has appreciated 44.4% year-over-year, reflecting ongoing demand and value growth.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on River Grove's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using River Grove's median home price.
Frequently asked questions
What is the average home price in River Grove?
The median home sale price in River Grove is $342,500, up 44.4% from last year.
How long do homes stay on market in River Grove?
Homes typically spend 49 days on market before going under contract.
What is the median income in River Grove?
The median household income is $74,793 per year.
Is River Grove a buyer's or seller's market?
With 2.3 months of supply, River Grove is currently a seller's market.
What is the Zillow home value estimate for River Grove?
The Zillow Home Value Index (ZHVI) for River Grove is $314,600, representing the typical home value in the area.
What is the median condo price in River Grove?
The median condo/co-op sale price in River Grove, IL is $167,450, compared to $389,500 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in River Grove?
The median single-family home price in River Grove, IL is $389,500 (about $222 per square foot).
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