Is Wooded Homesites, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Wooded Homesites is a seller's market

Buyer's
Market

Difference Since April 2023

At the same time last year, Wooded Homesites was a Buyer's Market.

Key Takeaway

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

Housing Prices in Wooded Homesites, IL

How much do homes in Wooded Homesites, IL cost?

Median Sold Price

$705,000

$296/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

-$65,000(-8.4%)

Key Takeaway

Homes in Wooded Homesites have sold for 8.4% less than they did a year ago.

Summary: The median home sold price in Wooded Homesites was $705,000 in April 2024, down 8.4% from last year, and the median price per square foot was $296.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 --
N/A
2 $405K$947.3K
+133.9%
3 $400K$460K
+15.0%
4 $962.5K$772.5K
-19.7%
5+ $1.1M$1.1M
-0.7%

Summary: Wooded Homesites housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 133.9%, 3 bedroom homes increased by 15%, 4 bedroom homes decreased by 19.7%, and 5+ bedroom homes decreased by 0.7%.

Housing Supply in Wooded Homesites, IL

How many homes are available in Wooded Homesites, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
912+33.3%

Summary: The Wooded Homesites real estate market had 12 homes for sale in April 2024, a 33.3% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 11
0.0%
3 33
0.0%
4 46
+50.0%
5+ 12
+100.0%

Summary: The Wooded Homesites housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
13+200.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Wooded Homesites, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Wooded Homesites in April 2024, up by 200.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.

Days on Market for Wooded Homesites, IL

How long does it take to sell a home in Wooded Homesites, IL?

Average Sale Time

Apr 2023Apr 2024CHANGE
10 Days32 Days+223.3%

Summary: Homes in Wooded Homesites had an average of 32 days on market in Apr 2024, up by 223.3% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During April 2024, 3 homes were sold in Wooded Homesites; 67% of homes were sold within 30 days, 33% 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 6 Days Ago

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