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 April 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

$349,875

$198/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$5,312(+1.5%)

Key Takeaway

Homes in Woodridge have sold for 1.5% more than they did a year ago.

Summary: The median home sold price in Woodridge was $349,875 in April 2024, up 1.5% from last year, and the median price per square foot was $198.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $115.5K$142.5K
+23.4%
2 $179K$200.2K
+11.9%
3 $350K$360K
+2.9%
4 $402.5K$464K
+15.3%
5+ $540K$550.5K
+1.9%

Summary: Woodridge housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 23.4%, 2 bedroom homes increased by 11.9%, 3 bedroom homes increased by 2.9%, 4 bedroom homes increased by 15.3%, and 5+ bedroom homes increased by 1.9%.

Median Sold Price Compared To Nearby Cities

Darien
+14.9%
Du Page Township
+8.5%
Lisle Township
+5.7%
Downers Grove Township
+5.3%
Woodridge
+1.5%

Housing Supply in Woodridge, IL

How many homes are available in Woodridge, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
6679+19.7%

Summary: The Woodridge real estate market had 79 homes for sale in April 2024, a 19.7% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 74
-42.9%
2 1616
0.0%
3 2226
+18.2%
4 1928
+47.4%
5+ 25
+150.0%

Summary: The Woodridge housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 42.9%, 2 bedroom homes remained the same, 3 bedroom homes increased by 18.2%, 4 bedroom homes increased by 47.4%, and 5+ bedroom homes increased by 150%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
2527+8.0%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

15 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. 55.6% of homes here sold above asking price last month.

Summary: A total of 27 homes were sold or pending in Woodridge in April 2024, up by 8.0% month-over-month. Of the 27 sold homes, 30% were sold under asking, 15% 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

Apr 2023Apr 2024CHANGE
14 Days11 Days-26.3%

Summary: Homes in Woodridge had an average of 11 days on market in Apr 2024, down by 26.3% compared to last year.

Breakdown of Home Sale Times

25 Homes Were Sold
Under 30 Days

2 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 April 2024, 27 homes were sold in Woodridge; 93% of homes were sold within 30 days, 7% 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 14 Days Ago

Newest Listings in Woodridge, IL

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