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Short Sale Listings in Riverdale, IL 60827

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Riverdale, IL Foreclosures

How much do homes sell for in Riverdale, IL?
The average home price is currently $137,368.
In Riverdale, IL, how many homes are available?
There are currently 104 active home listings available in Riverdale.
What’s the average rental cost in Riverdale, IL?
The average rental price in Riverdale is $1,235.
What is the most expensive home in Riverdale?
The most expensive home sold in Riverdale had a price of $3,433,848.
What is currently the cheapest priced home in Riverdale, IL?
The cheapest home for sale in Riverdale is priced at $16,859.

Living in Riverdale, IL

Riverdale is a charming village located in the southwestern suburbs of Chicago, known for its rich history and strong community spirit. The area features a mix of urban conveniences and scenic parks, making it an appealing choice for families and young professionals alike. With several schools, local businesses, and easy access to public transportation, Riverdale stands out as a welcoming community for its residents.

Current Market Conditions in Riverdale, IL

The real estate market in Riverdale, IL is currently experiencing a resurgence, with an increase in demand for both single-family homes and multi-unit properties. Buyers are attracted to the affordability of homes in Riverdale compared to other suburbs, coupled with the ongoing community developments aiming to enhance the quality of life. This trend has led to competitive bidding in some property segments, particularly for well-maintained homes that meet the needs of growing families.

Recent statistics indicate a gradual increase in property values, reflecting the community's revitalization efforts and infrastructure improvements. Overall, Riverdale is positioned for growth as more people recognize its potential as an affordable suburban living option close to Chicago.

Home Value Estimator For Riverdale, IL

There are currently 3,764 real estate properties in Riverdale, IL, with a median automated valuation model (AVM) price of $130,342.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Riverdale, IL, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Riverdale, IL, is $137,368.00, with the most expensive house in Riverdale, IL, topping out at $3,433,848.00 and the cheapest home in Riverdale, IL, clocking in at $16,859.00. In other words, there’s something for every potential homebuyer or savvy investor in Riverdale, IL!

Rent Prices In Riverdale, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Riverdale, IL, is on a rollercoaster ride. The average rent price in Riverdale, IL, is $1,235.00. Indeed, when looking to rent in Riverdale, IL, you can expect to pay as little as $770.00 or as much as $2,200.00, with the average rent median estimated to be $1,220.00. The good news is that finding an affordable and desirable property to rent in Riverdale, IL -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Riverdale, IL 60827 Short Sale Listings

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