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 November 2021

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.

How much do homes in Woodridge, IL cost?

Median Sold Price

$328,140

$180/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$31,140(+10.5%)

Key Takeaway

Homes in Woodridge have sold for 10.5% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $100K$110K
+10.0%
2 $149.7K$176K
+17.5%
3 $295K$339.9K
+15.2%
4 $373.9K$408.5K
+9.3%
5+ $401.5K$505K
+25.8%

Median Sold Price Compared To Nearby Cities

Lisle Township
+11.5%
Woodridge
+10.5%
Du Page Township
+8.8%
Darien
+3.4%
Downers Grove Township
+3.4%

How many homes are available in Woodridge, IL?

Number of Homes For Sale

Oct 2022Nov 2022%
9288-4.3%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 21
-50.0%
2 2121
0.0%
3 3431
-8.8%
4 3132
+3.2%
5+ 43
-25.0%

Number of Homes Sold

Oct 2022Nov 2022%
2821-25.0%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

3 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. 52.4% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
11 Days19 Days+61.8%

Breakdown of Home Sale Times

18 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was 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.

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

About Woodridge, IL

Homes for sale in Woodridge, IL have reached 88. The inventory of homes for sale in Woodridge, IL between October 2022 and November 2022 decreased by 4.3%. In November 2022 median list price was $328,140 and the average listing age was 19 days. This housing market listing prices have changed between October 2022 and November 2022: prices of 1 bedroom properties increased by 10%, 2 bedrooms properties became 17.5% more expensive, prices of 3 bedrooms properties went up by 15.2%, the cost of 4 bedrooms properties went up by 9.3%, prices of 5 bedrooms properties increased by 25.8%. The following changes in the number of homes for sale were observed in this housing market: volume of 1 bedroom homes went down by 50%, volume of 2 bedrooms homes stayed the same, 3 bedrooms homes became 8.8% less available, 4 bedrooms homes became 3.2% more available, the quantity of 5 bedrooms homes went down by 25%. While more than 3 listings in Woodridge, IL in November 2022 were sold above asking price, there were more than 7 listings sold at asking price, and more than 11 were sold below.

Related Housing Market Reports