Is Wood Dale, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Wood Dale has remained a Seller's Market.
Key Takeaway
Wood Dale is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Wood Dale, IL
How much do homes in Wood Dale, IL cost?
Median Sold Price
$323,750
$193/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Wood Dale have sold for 4.4% more than they did a year ago.
Summary: The median home sold price in Wood Dale was $323,750 in April 2024, up 4.4% from last year, and the median price per square foot was $193.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $166K | - | N/A |
| 2 Bedrooms | $235K | $245K | +4.3% |
| 3 Bedrooms | $329.9K | $335K | +1.5% |
| 4 Bedrooms | $388K | $435K | +12.1% |
| 5+ Bedrooms | $565K | $635K | +12.4% |
Summary: Wood Dale housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 4.3%, 3 bedroom homes increased by 1.5%, 4 bedroom homes increased by 12.1%, and 5+ bedroom homes increased by 12.4%.
Median Sold Price Compared To Nearby Cities
| Addison Township | $324.9K | $350K | +7.7% |
| Elk Grove Village | $315.8K | $339.5K | +7.5% |
| Bensenville | $282.1K | $295K | +4.6% |
| Wood Dale | $310K | $323.7K | +4.4% |
| Itasca | $370K | $385K | +4.1% |
Housing Supply in Wood Dale, IL
How many homes are available in Wood Dale, IL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 34 | 48 | +41.2% |
Summary: The Wood Dale real estate market had 48 homes for sale in April 2024, a 41.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 10 | 13 | +30.0% |
| 3 Bedrooms | 15 | 18 | +20.0% |
| 4 Bedrooms | 6 | 12 | +100.0% |
| 5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The Wood Dale housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 30%, 3 bedroom homes increased by 20%, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 10 | 12 | +20.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Wood Dale, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 12 homes were sold or pending in Wood Dale in April 2024, up by 20.0% month-over-month. Of the 12 sold homes, 42% were sold under asking, 8% were sold at asking, and 50% were sold over asking.
Days on Market for Wood Dale, IL
How long does it take to sell a home in Wood Dale, IL?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 16 Days | 28 Days | +73.0% |
Summary: Homes in Wood Dale had an average of 28 days on market in Apr 2024, up by 73% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Wood Dale are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 12 homes were sold in Wood Dale; 75% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
Listings courtesy of Midwest Real Estate Data as distributed by MLS GRID.
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