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Featured local agent — Riverdale, IL
Sarah Mitchell
Compass Real Estate · Riverdale, IL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Riverdale, IL Housing Market & Real Estate
Housing market overview · Updated monthly ·
$172,500median sale price
How is the Riverdale, IL housing market right now?
The median home sale price in Riverdale, IL is $172,500, up 23.2% year-over-year. Homes sell in an average of 66 days with 53 active listings. The market is currently a buyer'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 Riverdale a buyer's or seller's market?
Riverdale, IL is currently a buyer's market, based on 8.8 months of supply and homes selling in about 66 days. How we determine this →
Homes sold
6
Last 12 weeks
Days on market
66
Average pace
Active listings
53
8.8 months supply
Sale-to-list
93.0%
Below asking
What does the Riverdale housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $172,500 |
| Median list price | $163,000 |
| Year-over-year price change | +23.2% |
| Average days on market | 66 days |
| Active inventory | 53 listings |
| Months of supply | 8.8 months |
| Sale-to-list price ratio | 93.0% |
| Median price per sq ft | $124/sq ft |
| Homes sold (latest month) | 6 |
| New listings (latest month) | 14 |
| Listings with a price cut | 15.1% |
| Market condition | Buyer's market |
Source: Redfin · Updated monthly
How much do homes cost in Riverdale by property type?
How the Riverdale, 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 | $172,500 | $124/sq ft | 6 | 66 days |
| Condo / Co-op | $38,000 | — | 1 | 333 days |
| Townhouse | $35,000 | $26/sq ft | 1 | 239 days |
Source: Redfin · Updated monthly
The Riverdale housing market is currently classified as a buyer's market with a median sale price of $172,500. Prices have risen 23.2% compared to last year, with homes spending an average of 66 days on market, indicating 8.8 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.The price-to-income ratio of 2.5x provides context for how home values compare to local earning capacity.
Market trends
Homes for sale in Riverdale
There are currently 53 homes listed for sale in Riverdale, Illinois. The median listing price is $163K.
Active listings
53
Homes on market
Median list price
$163K
Avg. days on market
66
Days until sale
New this week
14
Newly listed
Who lives in Riverdale?
Population
10,515
Median income
$45,709/yr
Median age
33.5 years
Owner-occupied
53.0%
College grads
17.2%
Avg commute
35.6 min
Source: U.S. Census Bureau ACS
What are homes worth in Riverdale?
Zillow home value
$115,194
Price-to-income
2.5x
Source: Zillow Research
What is it like to live in Riverdale?
Riverdale is a community of approximately 11K residents with a median age of 33.5 years.The median household income is $45,709, which represents a working-class community with solid middle-income opportunities. 17.2% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 53.0%, showing a blend of owner and renter-occupied properties. The average commute time is 35.6 minutes, which suggests a more suburban or rural location for those willing to commute longer distances.Overall, Riverdale offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Riverdale?
6 schools tracked · 960 students
The largest public schools serving Riverdale, 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.
Washington Elem School
Grades K-6 · 295 students
Gen George Patton Elem School
Grades PK-8 · 210 students
Park Elementary School
Grades K-6 · 200 students
Riverdale School
Grades K-4 · 131 students
Washington Junior High
Grades 7-8 · 124 students
Family Enrichment PRG/FEP
Grade range n/a
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 Riverdale, IL?
Want a head-to-head view? Compare Riverdale side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Riverdale?
The median home sale price in Riverdale is $172,500, up 23.2% from last year.
How long do homes stay on market in Riverdale?
Homes typically spend 66 days on market before going under contract.
What is the median income in Riverdale?
The median household income is $45,709 per year.
Is Riverdale a buyer's or seller's market?
With 8.8 months of supply, Riverdale is currently a buyer's market.
What is the Zillow home value estimate for Riverdale?
The Zillow Home Value Index (ZHVI) for Riverdale is $115,194, representing the typical home value in the area.
What is the median condo price in Riverdale?
The median condo/co-op sale price in Riverdale, IL is $38,000, compared to $172,500 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Riverdale?
The median single-family home price in Riverdale, IL is $172,500 (about $124 per square foot).
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