Is Woodridge, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Woodridge has remained a Seller's Market.
Housing Prices in Woodridge, IL
How much do homes in Woodridge, IL cost?
Median Sold Price
$350,000
$199/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Woodridge was $350,000 in June 2024, up 1.2% from last year, and the median price per square foot was $199.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $116K | $143.8K | +24.0% |
2 Bedrooms | $179K | $206.5K | +15.4% |
3 Bedrooms | $350K | $370K | +5.7% |
4 Bedrooms | $395K | $477.7K | +20.9% |
5+ Bedrooms | $575K | $529K | -8.0% |
Summary: Woodridge housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 24%, 2 bedroom homes increased by 15.4%, 3 bedroom homes increased by 5.7%, 4 bedroom homes increased by 20.9%, and 5+ bedroom homes decreased by 8%.
Median Sold Price Compared To Nearby Cities
Darien | $340.3K | $396K | +16.4% |
Du Page Township | $289.7K | $324.9K | +12.2% |
Downers Grove Township | $396.7K | $440.6K | +11.1% |
Lisle Township | $385.2K | $415.2K | +7.8% |
Woodridge | $346K | $350K | +1.2% |
Housing Supply in Woodridge, IL
How many homes are available in Woodridge, IL?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
85 | 91 | +7.1% |
Summary: The Woodridge real estate market had 91 homes for sale in June 2024, a 7.1% increase compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 5 | +66.7% |
2 Bedrooms | 12 | 12 | 0.0% |
3 Bedrooms | 33 | 34 | +3.0% |
4 Bedrooms | 31 | 33 | +6.5% |
5+ Bedrooms | 6 | 7 | +16.7% |
Summary: The Woodridge housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 66.7%, 2 bedroom homes remained the same, 3 bedroom homes increased by 3%, 4 bedroom homes increased by 6.5%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
34 | 22 | -35.3% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Summary: A total of 22 homes were sold or pending in Woodridge in June 2024, down by 35.3% month-over-month. Of the 22 sold homes, 32% were sold under asking, 14% were sold at asking, and 55% 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
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
10 Days | 9 Days | -10.5% |
Summary: Homes in Woodridge had an average of 9 days on market in Jun 2024, down by 10.5% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During June 2024, 22 homes were sold in Woodridge; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.