Is Woodridge, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Woodridge is a seller's market

Buyer's
Market

Difference Since January 2023

Since last year, Woodridge has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Woodridge, IL

How much do homes in Woodridge, IL cost?

Median Sold Price

$346,000

$193/sqft

Based on all homes sold in the last 12 months.

Difference Since January 2023

+$6,050(+1.8%)

Key Takeaway

Homes in Woodridge have sold for 1.8% more than they did a year ago.

Summary: The median home sold price in Woodridge was $346,000 in January 2024, up 1.8% from last year, and the median price per square foot was $193.

Median Sold Price By Bedroom Count

# BEDSJan 2023Jan 2024CHANGE
1 $110K$136K
+23.6%
2 $179.5K$189.5K
+5.6%
3 $345K$353K
+2.3%
4 $415K$415K
0.0%
5+ $505K$575K
+13.9%

Summary: Woodridge housing prices by bedroom type for January 2024 compared to the previous year: The home price of 1 bedroom homes increased by 23.6%, 2 bedroom homes increased by 5.6%, 3 bedroom homes increased by 2.3%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 13.9%.

Median Sold Price Compared To Nearby Cities

Darien
+7.5%
Du Page Township
+7.5%
Woodridge
+1.8%
Lisle Township
+0.8%
Downers Grove Township
-1.7%

Housing Supply in Woodridge, IL

How many homes are available in Woodridge, IL?

Number of Homes For Sale

Dec 2023Jan 2024CHANGE
4547+4.4%

Summary: The Woodridge real estate market had 47 homes for sale in January 2024, a 4.4% increase compared to December 2023.

Homes For Sale By Bedroom Count

# BEDSDec 2023Jan 2024CHANGE
1 10
-100.0%
2 1815
-16.7%
3 1212
0.0%
4 1318
+38.5%
5+ 12
+100.0%

Summary: The Woodridge housing inventory by bedroom type for January 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 16.7%, 3 bedroom homes remained the same, 4 bedroom homes increased by 38.5%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Dec 2023Jan 2024CHANGE
1914-26.3%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Woodridge, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.

Summary: A total of 14 homes were sold or pending in Woodridge in January 2024, down by 26.3% month-over-month. Of the 14 sold homes, 57% were sold under asking, 7% were sold at asking, and 36% were sold over asking.

Days on Market for Woodridge, IL

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

Average Sale Time

Jan 2023Jan 2024CHANGE
28 Days22 Days-21.9%

Summary: Homes in Woodridge had an average of 22 days on market in Jan 2024, down by 21.9% compared to last year.

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During January 2024, 14 homes were sold in Woodridge; 79% of homes were sold within 30 days, 21% 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 21 Days Ago

Newest Listings in Woodridge, IL

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