Is Woodridge, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 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
$349,875
$198/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Woodridge was $349,875 in April 2024, up 1.5% from last year, and the median price per square foot was $198.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $115.5K | $142.5K | +23.4% |
2 Bedrooms | $179K | $200.2K | +11.9% |
3 Bedrooms | $350K | $360K | +2.9% |
4 Bedrooms | $402.5K | $464K | +15.3% |
5+ Bedrooms | $540K | $550.5K | +1.9% |
Summary: Woodridge housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 23.4%, 2 bedroom homes increased by 11.9%, 3 bedroom homes increased by 2.9%, 4 bedroom homes increased by 15.3%, and 5+ bedroom homes increased by 1.9%.
Median Sold Price Compared To Nearby Cities
Darien | $339.3K | $390K | +14.9% |
Du Page Township | $289.9K | $314.6K | +8.5% |
Lisle Township | $386.1K | $408.3K | +5.7% |
Downers Grove Township | $405K | $426.4K | +5.3% |
Woodridge | $344.5K | $349.8K | +1.5% |
Housing Supply in Woodridge, IL
How many homes are available in Woodridge, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
66 | 79 | +19.7% |
Summary: The Woodridge real estate market had 79 homes for sale in April 2024, a 19.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 7 | 4 | -42.9% |
2 Bedrooms | 16 | 16 | 0.0% |
3 Bedrooms | 22 | 26 | +18.2% |
4 Bedrooms | 19 | 28 | +47.4% |
5+ Bedrooms | 2 | 5 | +150.0% |
Summary: The Woodridge housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 42.9%, 2 bedroom homes remained the same, 3 bedroom homes increased by 18.2%, 4 bedroom homes increased by 47.4%, and 5+ bedroom homes increased by 150%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
25 | 27 | +8.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Summary: A total of 27 homes were sold or pending in Woodridge in April 2024, up by 8.0% month-over-month. Of the 27 sold homes, 30% were sold under asking, 15% were sold at asking, and 56% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
14 Days | 11 Days | -26.3% |
Summary: Homes in Woodridge had an average of 11 days on market in Apr 2024, down by 26.3% compared to last year.
Breakdown of Home Sale Times
25 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 27 homes were sold in Woodridge; 93% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.