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Short Sale Listings in Riverside, IL

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Riverside, IL Foreclosures

How much do homes sell for in Riverside, IL?
The average home price is currently $517,185.
In Riverside, IL, how many homes are available?
There are currently 14 active home listings available in Riverside.
What’s the average rental cost in Riverside, IL?
The average rental price in Riverside is $2,228.
What is the most expensive home in Riverside?
The most expensive home sold in Riverside had a price of $3,860,914.
What is currently the cheapest priced home in Riverside, IL?
The cheapest home for sale in Riverside is priced at $12,136.

Living in Riverside, IL

Riverside, IL, is a historic village offering a blend of serene suburban living and convenient access to Chicago. With scenic parks, quality schools, and a strong sense of community, Riverside is perfect for families and professionals alike. Enjoy outdoor activities, charming local businesses, and a welcoming atmosphere.

Current Market Conditions in Riverside, IL

The Riverside real estate market has shown resilience, with a steady demand for homes and a continued influx of buyers looking for suburban living close to Chicago. With its attractive housing style and community-oriented vibe, Riverside remains a desirable choice, particularly for young families and professionals. Year-to-date, home prices have seen a gradual increase as inventory remains relatively low.

As of now, prices in Riverside are poised to rise further, driven by stable economic indicators allowing buyers to remain active in the market. There’s been increased interest in both historic homes and new developments in the area, indicating a positive trend that could surpass previous growth year-over-year.

Home Value Estimator For Riverside, IL

There are currently 4,565 real estate properties in Riverside, IL, with a median automated valuation model (AVM) price of $465,768.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Riverside, 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 Riverside, IL, is $517,185.00, with the most expensive house in Riverside, IL, topping out at $3,860,914.00 and the cheapest home in Riverside, IL, clocking in at $12,136.00. In other words, there’s something for every potential homebuyer or savvy investor in Riverside, IL!

Rent Prices In Riverside, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Riverside, IL, is on a rollercoaster ride. The average rent price in Riverside, IL, is $2,228.00. Indeed, when looking to rent in Riverside, IL, you can expect to pay as little as $820.00 or as much as $3,380.00, with the average rent median estimated to be $2,320.00. The good news is that finding an affordable and desirable property to rent in Riverside, 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.

Riverside, IL Short Sale Listings

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