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 April 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

$349,875

$198/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$5,312(+1.5%)

Key Takeaway

Homes in Woodridge have sold for 1.5% more than they did a year ago.

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

# BEDSApr 2023Apr 2024CHANGE
1 $115.5K$142.5K
+23.4%
2 $179K$200.2K
+11.9%
3 $350K$360K
+2.9%
4 $402.5K$464K
+15.3%
5+ $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
+14.9%
Du Page Township
+8.5%
Lisle Township
+5.7%
Downers Grove Township
+5.3%
Woodridge
+1.5%

Housing Supply in Woodridge, IL

How many homes are available in Woodridge, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
6679+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

# BEDSMar 2024Apr 2024CHANGE
1 74
-42.9%
2 1616
0.0%
3 2226
+18.2%
4 1928
+47.4%
5+ 25
+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 2024Apr 2024CHANGE
2527+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Woodridge, you could pay more than the asking price. 55.6% of homes here sold above asking price last month.

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 2023Apr 2024CHANGE
14 Days11 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

Breakdown of Home Sale Times

Key Takeaway

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

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.

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

Report Updated 9 Days Ago

Newest Listings in Woodridge, IL

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