Is Woodridge, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 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
$350,000
$197/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
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
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $113.7K | $142K | +24.8% |
2 Bedrooms | $175K | $200K | +14.3% |
3 Bedrooms | $350K | $365K | +4.3% |
4 Bedrooms | $420K | $443.5K | +5.6% |
5+ Bedrooms | $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 2024 | Mar 2024 | CHANGE |
---|---|---|
59 | 65 | +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
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 7 | +16.7% |
2 Bedrooms | 11 | 13 | +18.2% |
3 Bedrooms | 21 | 25 | +19.0% |
4 Bedrooms | 19 | 18 | -5.3% |
5+ Bedrooms | 2 | 2 | 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 2024 | Mar 2024 | CHANGE |
---|---|---|
20 | 25 | +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
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 2023 | Mar 2024 | CHANGE |
---|---|---|
31 Days | 16 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
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.