Is Woodlawn, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Woodlawn was a Neutral Market.
Housing Prices in Woodlawn, IL
How much do homes in Woodlawn, IL cost?
Median Sold Price
$272,750
$133/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Woodlawn was $272,750 in April 2024, down 8.8% from last year, and the median price per square foot was $133.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $145K | $31K | -78.6% |
2 Bedrooms | $201.2K | $195K | -3.1% |
3 Bedrooms | $265.2K | $259.5K | -2.2% |
4 Bedrooms | $428.7K | $349K | -18.6% |
5+ Bedrooms | $353.5K | $371.8K | +5.2% |
Summary: Woodlawn housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 78.6%, 2 bedroom homes decreased by 3.1%, 3 bedroom homes decreased by 2.2%, 4 bedroom homes decreased by 18.6%, and 5+ bedroom homes increased by 5.2%.
Median Sold Price Compared To Nearby Neighborhoods
South Side | $266.1K | $261.2K | -1.9% |
Woodlawn | $299K | $272.7K | -8.8% |
Grand Crossing | $203K | $178K | -12.3% |
Housing Supply in Woodlawn, IL
How many homes are available in Woodlawn, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
87 | 118 | +35.6% |
Summary: The Woodlawn real estate market had 118 homes for sale in April 2024, a 35.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 10 | 13 | +30.0% |
3 Bedrooms | 19 | 27 | +42.1% |
4 Bedrooms | 13 | 16 | +23.1% |
5+ Bedrooms | 44 | 60 | +36.4% |
Summary: The Woodlawn housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 30%, 3 bedroom homes increased by 42.1%, 4 bedroom homes increased by 23.1%, and 5+ bedroom homes increased by 36.4%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
11 | 13 | +18.2% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 13 homes were sold or pending in Woodlawn in April 2024, up by 18.2% month-over-month. Of the 13 sold homes, 46% were sold under asking, 15% were sold at asking, and 38% were sold over asking.
Days on Market for Woodlawn, IL
How long does it take to sell a home in Woodlawn, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
38 Days | 64 Days | +66.2% |
Summary: Homes in Woodlawn had an average of 64 days on market in Apr 2024, up by 66.2% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 13 homes were sold in Woodlawn; 62% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 23% of homes were sold over 90 days.