Is Woodside Township, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Woodside Township is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Woodside Township has remained a Seller's Market.

Key Takeaway

Woodside Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Woodside Township, IL

How much do homes in Woodside Township, IL cost?

Median Sold Price

$145,000

$99/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$20,000(+16.0%)

Key Takeaway

Homes in Woodside Township have sold for 16% more than they did a year ago.

Summary: The median home sold price in Woodside Township was $145,000 in May 2024, up 16% from last year, and the median price per square foot was $99.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $49.7K-
N/A
2 $99.9K$100K
0.1%
3 $138K$141.2K
+2.4%
4 $310K$277.5K
-10.5%
5+ $585.4K$547.5K
-6.5%

Summary: Woodside Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 0.1%, 3 bedroom homes increased by 2.4%, 4 bedroom homes decreased by 10.5%, and 5+ bedroom homes decreased by 6.5%.

Median Sold Price Compared To Nearby Cities

Woodside Township
+16.0%
Jerome
+13.6%
Springfield
+10.4%
Capital Township
+7.2%

Housing Supply in Woodside Township, IL

How many homes are available in Woodside Township, IL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
4453+20.5%

Summary: The Woodside Township real estate market had 53 homes for sale in May 2024, a 20.5% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 11
0.0%
2 1312
-7.7%
3 2124
+14.3%
4 49
+125.0%
5+ 57
+40.0%

Summary: The Woodside Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 7.7%, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 125%, and 5+ bedroom homes increased by 40%.

Number of Homes Sold

Apr 2024May 2024CHANGE
1119+72.7%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

11 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Woodside Township, you could pay more than the asking price. 57.9% of homes here sold above asking price last month.

Summary: A total of 19 homes were sold or pending in Woodside Township in May 2024, up by 72.7% month-over-month. Of the 19 sold homes, 16% were sold under asking, 26% were sold at asking, and 58% were sold over asking.

Days on Market for Woodside Township, IL

How long does it take to sell a home in Woodside Township, IL?

Average Sale Time

May 2023May 2024CHANGE
6 Days5 Days-9.5%

Summary: Homes in Woodside Township had an average of 5 days on market in May 2024, down by 9.5% compared to last year.

Breakdown of Home Sale Times

17 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Woodside Township are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 19 homes were sold in Woodside Township; 89% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

Newest Listings in Woodside Township, IL

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