Is Wood Dale, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Wood Dale has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $166K | - | N/A |
2 Bedrooms | $232.5K | $245K | +5.4% |
3 Bedrooms | $337.5K | $335K | -0.7% |
4 Bedrooms | $375.5K | $400K | +6.5% |
5+ Bedrooms | $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 | $370K | $397.2K | +7.4% |
Bensenville | $280K | $300K | +7.1% |
Addison Township | $327.5K | $350K | +6.9% |
Elk Grove Village | $320.7K | $340K | +6.0% |
Wood Dale | $310K | $327K | +5.5% |
Housing Supply in Wood Dale, IL
How many homes are available in Wood Dale, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
48 | 61 | +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
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 10 | 15 | +50.0% |
3 Bedrooms | 21 | 24 | +14.3% |
4 Bedrooms | 12 | 11 | -8.3% |
5+ Bedrooms | 5 | 10 | +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 2024 | May 2024 | CHANGE |
---|---|---|
12 | 17 | +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
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 2023 | May 2024 | CHANGE |
---|---|---|
11 Days | 20 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
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.