Riverside, IL, is a charming village in Cook County, just 11 miles west of downtown Chicago, known for its historic significance and picturesque design. Established in 1875, it was one of the first planned communities in the United States, designed by renowned landscape architect Frederick Law Olmsted, who envisioned a serene, park-like setting with curving streets and abundant greenery. Riverside boasts over 80 buildings listed on the National Register of Historic Places, including notable structures like the Riverside Landscape Architecture District and the Coonley House by Frank Lloyd Wright. With a population of around 8,800, the village maintains a small-town feel while offering easy access to Chicago via the Metra commuter rail. Its tree-lined streets, historic homes, and vibrant community events make Riverside a unique blend of suburban tranquility and architectural heritage.
Riverside currently has 16 single family homes for sale with an average list price of $576,237.50 and 3 condos for sale with an average list price of $158,266.67. The average annual property tax for Riverside is $11,170.51.
Using the absorption rate, we can determine how long it's taking for homes to sell and which price points are selling the fastest in Riverside, i.e. what's hot and what's not.
See What's Hot & What's Not in RiversideRiverside home sales for the month of June decreased in volume by 5.3% when compared to last year, while the median sale price rose by 18.6% from $550,000 to $652,038. House sales decreased by 6.7%, while the median sale price rose by 17.1% from $570,000 to $667,500. Condo sales rose by 100%, while the median sale price rose by 10% from $180,000 to $198,000.
165
|
128
|
119
|
101
|
2021 | 2022 | 2023 | 2024 |
# of sales per year |
$485,000
|
$427,450
|
$450,000
|
$528,000
|
2021 | 2022 | 2023 | 2024 |
median sale price per year |