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 September 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

$371,333

$205/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$21,333(+6.1%)

Key Takeaway

Homes in Woodridge have sold for 6.1% more than they did a year ago.

Summary: The median home sold price in Woodridge was $371,333 in September 2024, up 6.1% from last year, and the median price per square foot was $205.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $136K$144K
+5.9%
2 $181.7K$215K
+18.3%
3 $355K$372K
+4.8%
4 $405K$487.9K
+20.5%
5+ $582.5K$554.5K
-4.8%

Summary: Woodridge housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.9%, 2 bedroom homes increased by 18.3%, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 20.5%, and 5+ bedroom homes decreased by 4.8%.

Median Sold Price Compared To Nearby Cities

Darien
+17.9%
Downers Grove Township
+14.7%
Lisle Township
+9.8%
Du Page Township
+9.7%
Woodridge
+6.1%

Housing Supply in Woodridge, IL

How many homes are available in Woodridge, IL?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
7793+20.8%

Summary: The Woodridge real estate market had 93 homes for sale in September 2024, a 20.8% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 710
+42.9%
2 2226
+18.2%
3 2531
+24.0%
4 1820
+11.1%
5+ 56
+20.0%

Summary: The Woodridge housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 42.9%, 2 bedroom homes increased by 18.2%, 3 bedroom homes increased by 24%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes increased by 20%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
2523-8.0%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

10 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. 43.5% of homes here sold above asking price last month.

Summary: A total of 23 homes were sold or pending in Woodridge in September 2024, down by 8.0% month-over-month. Of the 23 sold homes, 30% were sold under asking, 26% were sold at asking, and 43% 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

Sep 2023Sep 2024CHANGE
10 Days15 Days+49.8%

Summary: Homes in Woodridge had an average of 15 days on market in Sep 2024, up by 49.8% compared to last year.

Breakdown of Home Sale Times

20 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.

Summary: During September 2024, 23 homes were sold in Woodridge; 87% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 4% 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 30 Days Ago

Newest Listings in Woodridge, IL

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