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 March 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

$197/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$100(0.0%)

Key Takeaway

The sold price of homes in Woodridge has remained the same since last year.

Summary: The median home sold price in Woodridge was $350,000 in March 2024, the same as last year, and the median price per square foot was $197.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $113.7K$142K
+24.8%
2 $175K$200K
+14.3%
3 $350K$365K
+4.3%
4 $420K$443.5K
+5.6%
5+ $505K$655K
+29.7%

Summary: Woodridge housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 24.8%, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 4.3%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes increased by 29.7%.

Housing Supply in Woodridge, IL

How many homes are available in Woodridge, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
5965+10.2%

Summary: The Woodridge real estate market had 65 homes for sale in March 2024, a 10.2% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 67
+16.7%
2 1113
+18.2%
3 2125
+19.0%
4 1918
-5.3%
5+ 22
0.0%

Summary: The Woodridge housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16.7%, 2 bedroom homes increased by 18.2%, 3 bedroom homes increased by 19%, 4 bedroom homes decreased by 5.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
2025+25.0%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

14 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. 56% of homes here sold above asking price last month.

Summary: A total of 25 homes were sold or pending in Woodridge in March 2024, up by 25.0% month-over-month. Of the 25 sold homes, 24% were sold under asking, 20% 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

Mar 2023Mar 2024CHANGE
31 Days16 Days-45.9%

Summary: Homes in Woodridge had an average of 16 days on market in Mar 2024, down by 45.9% compared to last year.

Breakdown of Home Sale Times

21 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

2 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 March 2024, 25 homes were sold in Woodridge; 84% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 8% 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 18 Days Ago

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