Is Wood Dale, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Wood Dale is a seller's market

Buyer's
Market

Difference Since September 2023

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

$340,000

$193/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$25,000(+7.9%)

Key Takeaway

Homes in Wood Dale have sold for 7.9% more than they did a year ago.

Summary: The median home sold price in Wood Dale was $340,000 in September 2024, up 7.9% from last year, and the median price per square foot was $193.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $168K$149K
-11.3%
2 $238K$245K
+2.9%
3 $340K$345.7K
+1.7%
4 $433.5K$387K
-10.7%
5+ $602.5K$550K
-8.7%

Summary: Wood Dale housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 11.3%, 2 bedroom homes increased by 2.9%, 3 bedroom homes increased by 1.7%, 4 bedroom homes decreased by 10.7%, and 5+ bedroom homes decreased by 8.7%.

Median Sold Price Compared To Nearby Cities

Bensenville
+11.3%
Itasca
+9.5%
Addison Township
+8.5%
Elk Grove Village
+8.3%
Wood Dale
+7.9%

Housing Supply in Wood Dale, IL

How many homes are available in Wood Dale, IL?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
4953+8.2%

Summary: The Wood Dale real estate market had 53 homes for sale in September 2024, a 8.2% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 11
0.0%
2 1418
+28.6%
3 2020
0.0%
4 1011
+10.0%
5+ 43
-25.0%

Summary: The Wood Dale housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 28.6%, 3 bedroom homes remained the same, 4 bedroom homes increased by 10%, and 5+ bedroom homes decreased by 25%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
1713-23.5%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Wood Dale, you may be able to get a good deal. 53.8% of homes here sold below asking price last month.

Summary: A total of 13 homes were sold or pending in Wood Dale in September 2024, down by 23.5% month-over-month. Of the 13 sold homes, 54% were sold under asking, 15% were sold at asking, and 31% 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

Sep 2023Sep 2024CHANGE
18 Days19 Days+5.3%

Summary: Homes in Wood Dale had an average of 19 days on market in Sep 2024, up by 5.3% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During September 2024, 13 homes were sold in Wood Dale; 69% of homes were sold within 30 days, 31% 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 30 Days Ago

Newest Listings in Wood Dale, IL

Nearby Markets to Wood Dale, IL

What housing markets are near Wood Dale, IL?