Is Wood Dale, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Wood Dale is a seller's market

Buyer's
Market

Difference Since May 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

$327,000

$196/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$17,000(+5.5%)

Key Takeaway

Homes in Wood Dale have sold for 5.5% more than they did a year ago.

Summary: The median home sold price in Wood Dale was $327,000 in May 2024, up 5.5% from last year, and the median price per square foot was $196.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $166K-
N/A
2 $232.5K$245K
+5.4%
3 $337.5K$335K
-0.7%
4 $375.5K$400K
+6.5%
5+ $541.2K$630K
+16.4%

Summary: Wood Dale housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 5.4%, 3 bedroom homes decreased by 0.7%, 4 bedroom homes increased by 6.5%, and 5+ bedroom homes increased by 16.4%.

Median Sold Price Compared To Nearby Cities

Itasca
+7.4%
Bensenville
+7.1%
Addison Township
+6.9%
Elk Grove Village
+6.0%
Wood Dale
+5.5%

Housing Supply in Wood Dale, IL

How many homes are available in Wood Dale, IL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
4861+27.1%

Summary: The Wood Dale real estate market had 61 homes for sale in May 2024, a 27.1% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 01
+100.0%
2 1015
+50.0%
3 2124
+14.3%
4 1211
-8.3%
5+ 510
+100.0%

Summary: The Wood Dale housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 14.3%, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Apr 2024May 2024CHANGE
1217+41.7%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Wood Dale, you could pay more than the asking price. 52.9% of homes here sold above asking price last month.

Summary: A total of 17 homes were sold or pending in Wood Dale in May 2024, up by 41.7% month-over-month. Of the 17 sold homes, 41% were sold under asking, 6% were sold at asking, and 53% 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

May 2023May 2024CHANGE
11 Days20 Days+67.6%

Summary: Homes in Wood Dale had an average of 20 days on market in May 2024, up by 67.6% compared to last year.

Breakdown of Home Sale Times

13 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Wood Dale are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 17 homes were sold in Wood Dale; 76% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 6% 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 1 Day Ago

Newest Listings in Wood Dale, IL

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