Why Live in Riverdale
Riverdale, located on the southern boundary of Chicago, is divided by the Little Calumet River, with the neighborhood north of the river and the suburb south of it. This area has seen a significant rise in real estate values since the pandemic, making it an attractive option for homebuyers. Housing options include red brick ranches and two-story Georgians, many of which have been rehabilitated. The neighborhood is well-connected, with Interstate 57 and Interstate 94 providing easy access to Downtown Chicago, and public transportation options like the Pace Suburban Bus and Metra Rail. Future plans to extend the Red Line of Chicago’s subway system will further integrate Riverdale into the city. Outdoor recreation is abundant, with Whistler Preserve, Calumet Woods, and Kickapoo Woods offering activities like picnicking, birdwatching, and soccer. The Joe Louis “The Champ” Golf Course and Beaubien Woods’ Flatfoot Lake provide additional leisure options. Dining features include Ruby’s Soul Food, known for its Southern cuisine. While property taxes are higher in the Village of Riverdale compared to Chicago, the area offers a mix of investment opportunities and a growing number of homeowners. Annual events like the Veterans Day ceremony in Veterans Memorial Park foster community spirit.
Home Trends in Riverdale, IL
On average, homes in Riverdale, IL sell after 41 days on the market compared to the national average of 52 days. The median sale price for homes in Riverdale, IL over the last 12 months is $150,000, up 20% from the median home sale price over the previous 12 months.
Median Sale Price
$150,000
Median Single Family Sale Price
$143,000
Median Townhouse Sale Price
$77,450
Median 2 Bedroom Sale Price
$53,750
Average Price Per Sq Ft
$115
Number of Homes for Sale
52
Last 12 months Home Sales
91
Median List Price
$147,450
Median Change From 1st List Price
4%
Median Home Sale Price YoY Change
20%