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 November 2021

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.

How much do homes in Wood Dale, IL cost?

Median Sold Price

$305,000

$174/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$23,666(+8.4%)

Key Takeaway

Homes in Wood Dale have sold for 8.4% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $142K$157.5K
+10.9%
2 $201.5K$222K
+10.2%
3 $285.6K$319K
+11.7%
4 $382K$385K
+0.8%
5+ $430.5K$560K
+30.1%

Median Sold Price Compared To Nearby Cities

Elk Grove Village
+10.7%
Wood Dale
+8.4%
Bensenville
+5.4%
Addison Township
+5.1%
Itasca
+5.0%

How many homes are available in Wood Dale, IL?

Number of Homes For Sale

Oct 2022Nov 2022%
4943-12.2%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 11
0.0%
2 1011
+10.0%
3 2320
-13.0%
4 128
-33.3%
5+ 33
0.0%

Number of Homes Sold

Oct 2022Nov 2022%
1512-20.0%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

2 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. 66.7% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
22 Days27 Days+21.6%

Breakdown of Home Sale Times

10 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was 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.

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

About Wood Dale, IL

Number of homes for sale in Wood Dale, IL real estate market have reached 43. In November 2022 in Wood Dale, IL there were 12.2% less homes for sale than in October 2022. In November 2022 median list price was $305,000 and the average listing age was 27 days. This housing market listing prices have changed between October 2022 and November 2022: prices of 1 bedroom properties increased by 10.9%, prices of 2 bedrooms properties went up by 10.2%, 3 bedrooms properties became 11.7% more expensive, the cost of 4 bedrooms properties went up by 0.8%, the cost of 5 bedrooms properties went up by 30.1%. Volume of homes for sale in this real estate market have seen the following changes: volume of 1 bedroom homes stayed the same, 2 bedrooms homes became 10% more available, 3 bedrooms homes inventory decreased by 13%, the quantity of 4 bedrooms homes went down by 33.3%, the quantity of 5 bedrooms homes have not changed. Over 2 listings were sold over their listed price in November 2022 in Wood Dale, IL. In the same period over 8 listings were sold below the listed price and 2 listings were sold for the listed price.

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