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 June 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

$350,000

$199/sqft

Based on all homes sold in the last 12 months.

Difference Since June 2023

+$4,000(+1.2%)

Key Takeaway

Homes in Woodridge have sold for 1.2% more than they did a year ago.

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

# BEDSJun 2023Jun 2024CHANGE
1 $116K$143.8K
+24.0%
2 $179K$206.5K
+15.4%
3 $350K$370K
+5.7%
4 $395K$477.7K
+20.9%
5+ $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
+16.4%
Du Page Township
+12.2%
Downers Grove Township
+11.1%
Lisle Township
+7.8%
Woodridge
+1.2%

Housing Supply in Woodridge, IL

How many homes are available in Woodridge, IL?

Number of Homes For Sale

May 2024Jun 2024CHANGE
8591+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

# BEDSMay 2024Jun 2024CHANGE
1 35
+66.7%
2 1212
0.0%
3 3334
+3.0%
4 3133
+6.5%
5+ 67
+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 2024Jun 2024CHANGE
3422-35.3%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

12 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Woodridge, you could pay more than the asking price. 54.5% of homes here sold above asking price last month.

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 2023Jun 2024CHANGE
10 Days9 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

Breakdown of Home Sale Times

Key Takeaway

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

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.

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

Report Updated 26 Days Ago

Newest Listings in Woodridge, IL

Nearby Markets to Woodridge, IL

What housing markets are near Woodridge, IL?