River Grove, IL Housing Market Report – March 2025
As of March 2025, River Grove, Illinois, presents a housing market with notable fluctuations in home prices, varying market competitiveness, and significant shifts in inventory levels. Below is an updated overview based on the most current data:
Median Home Prices:
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Redfin: In February 2025, River Grove homes sold for a median price of $336,000, reflecting an 11.7% year-over-year decrease.
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Zillow: The average home value in River Grove is approximately $283,269, indicating a 7.6% year-over-year increase.
Market Activity:
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Homes for Sale: The number of active listings in River Grove increased by 43.5% from January to February 2025, reaching 33 homes for sale.
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Homes Sold: There were four homes sold in February 2025, up from three in the same month the previous year.
Market Competitiveness:
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Redfin Market Score: River Grove's market is considered somewhat competitive, scoring 62 out of 100. Homes typically receive multiple offers and remain on the market for an average of 104 days, an increase from 89 days the previous year.
Outlook: The River Grove housing market exhibits mixed trends, with significant year-over-year price decreases and increased inventory levels. Prospective buyers may find opportunities amid these changes, while sellers should be mindful of the evolving market dynamics. Consulting with local real estate professionals is advisable to navigate the current landscape effectively.
For personalized insights or assistance with buying or selling in River Grove, contact Frank "Campo" Campobasso at Century 21 Circle.
Frank "Campo" Campobasso
Century 21 Circle
Phone: 773-425-6265
