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

$350,000

$197/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$1,537(+0.4%)

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 April 2024, up 0.4% from last year, and the median price per square foot was $197.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $115.5K$142.5K
+23.4%
2 $177K$200K
+13.0%
3 $350K$365K
+4.3%
4 $412.5K$460K
+11.5%
5+ $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 2024Apr 2024CHANGE
6982+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

# BEDSMar 2024Apr 2024CHANGE
1 74
-42.9%
2 1513
-13.3%
3 2630
+15.4%
4 1930
+57.9%
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 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 2024Apr 2024CHANGE
26260.0%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

3 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. 57.7% of homes here sold above asking price last month.

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 2023Apr 2024CHANGE
15 Days11 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

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, 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 16 Days Ago

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