Is Woodridge, 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, 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 April 2023
Summary: The median home sold price in Woodridge was $350,000 in April 2024, up 0.4% from last year, and the median price per square foot was $197.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $115.5K | $142.5K | +23.4% |
2 Bedrooms | $177K | $200K | +13.0% |
3 Bedrooms | $350K | $365K | +4.3% |
4 Bedrooms | $412.5K | $460K | +11.5% |
5+ Bedrooms | $515K | $602.7K | +17.0% |
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 13%, 3 bedroom homes increased by 4.3%, 4 bedroom homes increased by 11.5%, and 5+ bedroom homes increased by 17%.
Housing Supply in Woodridge, IL
How many homes are available in Woodridge, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
69 | 82 | +18.8% |
Summary: The Woodridge real estate market had 82 homes for sale in April 2024, a 18.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 7 | 4 | -42.9% |
2 Bedrooms | 15 | 13 | -13.3% |
3 Bedrooms | 26 | 30 | +15.4% |
4 Bedrooms | 19 | 30 | +57.9% |
5+ Bedrooms | 2 | 5 | +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 decreased by 13.3%, 3 bedroom homes increased by 15.4%, 4 bedroom homes increased by 57.9%, and 5+ bedroom homes increased by 150%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
26 | 26 | 0.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Summary: A total of 26 homes were sold or pending in Woodridge in April 2024, the same as the previous month. Of the 26 sold homes, 31% were sold under asking, 12% were sold at asking, and 58% 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 2023 | Apr 2024 | CHANGE |
---|---|---|
15 Days | 11 Days | -28.8% |
Summary: Homes in Woodridge had an average of 11 days on market in Apr 2024, down by 28.8% compared to last year.
Breakdown of Home Sale Times
24 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 26 homes were sold in Woodridge; 92% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.