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Featured local agent — Riverside, IL
Sarah Mitchell
Compass Real Estate · Riverside, IL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Riverside, IL Housing Market & Real Estate
Housing market overview · Updated monthly ·
$363,750median sale price
How is the Riverside, IL housing market right now?
The median home sale price in Riverside, IL is $363,750, down 40.8% year-over-year. Homes sell in an average of 52 days with 31 active listings. The market is currently a balanced 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 Riverside a buyer's or seller's market?
Riverside, IL is currently a balanced market, based on 3.1 months of supply and homes selling in about 52 days. How we determine this →
Homes sold
10
Last 12 weeks
Days on market
52
Average pace
Active listings
31
3.1 months supply
Sale-to-list
100.7%
Above asking
What does the Riverside housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $363,750 |
| Median list price | $617,000 |
| Year-over-year price change | -40.8% |
| Average days on market | 52 days |
| Active inventory | 31 listings |
| Months of supply | 3.1 months |
| Sale-to-list price ratio | 100.7% |
| Median price per sq ft | $245/sq ft |
| Homes sold (latest month) | 10 |
| New listings (latest month) | 12 |
| Listings with a price cut | 19.4% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Riverside by property type?
How the Riverside, 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 | $470,000 | $291/sq ft | 7 | 43 days |
| Condo / Co-op | $205,000 | $176/sq ft | 2 | 77 days |
| Townhouse | $255,000 | $211/sq ft | 1 | 53 days |
Source: Redfin · Updated monthly
The Riverside housing market is currently classified as a balanced market with a median sale price of $363,750. Prices have fallen 40.8% compared to last year, with homes spending an average of 52 days on market, indicating 3.1 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 3.8x provides context for how home values compare to local earning capacity.
Homes for sale in Riverside
There are currently 31 homes listed for sale in Riverside, Illinois. The median listing price is $617K.
Active listings
31
Homes on market
Median list price
$617K
Avg. days on market
52
Days until sale
New this week
12
Newly listed
Who lives in Riverside?
Population
9,079
Median income
$149,219/yr
Median age
42.8 years
Owner-occupied
84.8%
College grads
69.8%
Avg commute
31.6 min
Source: U.S. Census Bureau ACS
What are homes worth in Riverside?
Zillow home value
$574,089
Zillow rent index
$1,823/mo
Price-to-rent ratio
26.3x
Price-to-income
3.8x
Source: Zillow Research
What is it like to live in Riverside?
Riverside is a community of approximately 9K residents with a median age of 42.8 years.The median household income is $149,219, which reflects a relatively affluent area with strong earning potential. 69.8% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 84.8%, reflecting strong community stability and long-term resident commitment. The average commute time is 31.6 minutes, which suggests a more suburban or rural location for those willing to commute longer distances.Overall, Riverside offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Riverside?
5 schools tracked · 3,288 students
The largest public schools serving Riverside, 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.
Riverside Brookfield Twp HS
Grades 9-12 · 1,665 students
L J Hauser Jr High School
Grades 6-8 · 570 students
A F Ames Elem School
Grades PK-5 · 471 students
Central Elem School
Grades PK-5 · 369 students
Blythe Park Elem School
Grades PK-5 · 213 students
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 Riverside, IL?
Want a head-to-head view? Compare Riverside side-by-side with any other U.S. city using our market-comparison tool.
Is Riverside a good real estate investment market?
For investors evaluating Riverside, the price-to-rent ratio of 26.3x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has softened 40.8% year-over-year, potentially creating entry opportunities for strategic buyers.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Riverside's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Riverside's median home price.
Frequently asked questions
What is the average home price in Riverside?
The median home sale price in Riverside is $363,750, down 40.8% from last year.
How long do homes stay on market in Riverside?
Homes typically spend 52 days on market before going under contract.
What is the median income in Riverside?
The median household income is $149,219 per year.
Is Riverside a buyer's or seller's market?
With 3.1 months of supply, Riverside is currently a balanced market.
What is the Zillow home value estimate for Riverside?
The Zillow Home Value Index (ZHVI) for Riverside is $574,089, representing the typical home value in the area.
What is the median condo price in Riverside?
The median condo/co-op sale price in Riverside, IL is $205,000, compared to $470,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Riverside?
The median single-family home price in Riverside, IL is $470,000 (about $291 per square foot).
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