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 May 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

$199/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$5,375(+1.6%)

Key Takeaway

Homes in Woodridge have sold for 1.6% more than they did a year ago.

Summary: The median home sold price in Woodridge was $350,000 in May 2024, up 1.6% from last year, and the median price per square foot was $199.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $115.7K$143.8K
+24.3%
2 $179K$205K
+14.5%
3 $346K$370K
+6.9%
4 $400K$475K
+18.8%
5+ $575K$539.7K
-6.1%

Summary: Woodridge housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 24.3%, 2 bedroom homes increased by 14.5%, 3 bedroom homes increased by 6.9%, 4 bedroom homes increased by 18.8%, and 5+ bedroom homes decreased by 6.1%.

Median Sold Price Compared To Nearby Cities

Darien
+16.9%
Du Page Township
+9.7%
Lisle Township
+8.1%
Downers Grove Township
+7.4%
Woodridge
+1.6%

Housing Supply in Woodridge, IL

How many homes are available in Woodridge, IL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
8090+12.5%

Summary: The Woodridge real estate market had 90 homes for sale in May 2024, a 12.5% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 43
-25.0%
2 1613
-18.8%
3 2836
+28.6%
4 2732
+18.5%
5+ 56
+20.0%

Summary: The Woodridge housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes decreased by 18.8%, 3 bedroom homes increased by 28.6%, 4 bedroom homes increased by 18.5%, and 5+ bedroom homes increased by 20%.

Number of Homes Sold

Apr 2024May 2024CHANGE
2934+17.2%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

22 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. 64.7% of homes here sold above asking price last month.

Summary: A total of 34 homes were sold or pending in Woodridge in May 2024, up by 17.2% month-over-month. Of the 34 sold homes, 24% were sold under asking, 12% were sold at asking, and 65% 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

May 2023May 2024CHANGE
14 Days9 Days-33.6%

Summary: Homes in Woodridge had an average of 9 days on market in May 2024, down by 33.6% compared to last year.

Breakdown of Home Sale Times

32 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 May 2024, 34 homes were sold in Woodridge; 94% of homes were sold within 30 days, 6% 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 1 Day Ago

Newest Listings in Woodridge, IL

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