Is Wood Dale, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2022
Since last year, Wood Dale has remained a Seller's Market.
Key Takeaway
Wood Dale is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Wood Dale, IL
How much do homes in Wood Dale, IL cost?
Median Sold Price
$306,250
$184/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2022
Key Takeaway
The sold price of homes in Wood Dale has remained the same since last year.
Summary: The median home sold price in Wood Dale was $306,250 in November 2023, up 0.4% from last year, and the median price per square foot was $184.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $157.5K | $166K | +5.4% |
| 2 Bedrooms | $222K | $245K | +10.4% |
| 3 Bedrooms | $318K | $320.1K | +0.7% |
| 4 Bedrooms | $385K | $435K | +13.0% |
| 5+ Bedrooms | $560K | $576.2K | +2.9% |
Summary: Wood Dale housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes increased by 5.4%, 2 bedroom homes increased by 10.4%, 3 bedroom homes increased by 0.7%, 4 bedroom homes increased by 13%, and 5+ bedroom homes increased by 2.9%.
Median Sold Price Compared To Nearby Cities
| Itasca | $345K | $370K | +7.2% |
| Elk Grove Village | $310.1K | $320K | +3.2% |
| Addison Township | $324.6K | $333.4K | +2.7% |
| Wood Dale | $305K | $306.2K | 0.4% |
| Bensenville | $290K | $275K | -5.2% |
Housing Supply in Wood Dale, IL
How many homes are available in Wood Dale, IL?
Number of Homes For Sale
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 45 | 41 | -8.9% |
Summary: The Wood Dale real estate market had 41 homes for sale in November 2023, a 8.9% decrease compared to October 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 10 | 12 | +20.0% |
| 3 Bedrooms | 26 | 21 | -19.2% |
| 4 Bedrooms | 8 | 8 | 0.0% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Wood Dale housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 20%, 3 bedroom homes decreased by 19.2%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 17 | 10 | -41.2% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Wood Dale, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Wood Dale in November 2023, down by 41.2% month-over-month. Of the 10 sold homes, 50% were sold under asking, 10% were sold at asking, and 40% were sold over asking.
Days on Market for Wood Dale, IL
How long does it take to sell a home in Wood Dale, IL?
Average Sale Time
| Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|
| 26 Days | 14 Days | -45.5% |
Summary: Homes in Wood Dale had an average of 14 days on market in Nov 2023, down by 45.5% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Wood Dale are selling fast, if you're buying plan to act quickly.
Summary: During November 2023, 10 homes were sold in Wood Dale; 90% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of Midwest Real Estate Data as distributed by MLS GRID.
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