Is Woodstock, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Woodstock is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Woodstock has remained a Seller's Market.

Key Takeaway

Woodstock is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Woodstock, IL

How much do homes in Woodstock, IL cost?

Median Sold Price

$300,000

$165/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$39,000(+14.9%)

Key Takeaway

Homes in Woodstock have sold for 14.9% more than they did a year ago.

Summary: The median home sold price in Woodstock was $300,000 in May 2024, up 14.9% from last year, and the median price per square foot was $165.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $102.5K$112K
+9.3%
2 $191.7K$215K
+12.1%
3 $260K$290K
+11.5%
4 $328K$385K
+17.4%
5+ $335K$480K
+43.3%

Summary: Woodstock housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.3%, 2 bedroom homes increased by 12.1%, 3 bedroom homes increased by 11.5%, 4 bedroom homes increased by 17.4%, and 5+ bedroom homes increased by 43.3%.

Median Sold Price Compared To Nearby Cities

Woodstock
+14.9%
Greenwood Township
+13.9%
Dorr Township
+9.8%
Seneca Township
-15.9%

Housing Supply in Woodstock, IL

How many homes are available in Woodstock, IL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
1011010.0%

Summary: The Woodstock real estate market had 101 homes for sale in May 2024, the same as April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 1217
+41.7%
3 4139
-4.9%
4 3533
-5.7%
5+ 1312
-7.7%

Summary: The Woodstock housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 41.7%, 3 bedroom homes decreased by 4.9%, 4 bedroom homes decreased by 5.7%, and 5+ bedroom homes decreased by 7.7%.

Number of Homes Sold

Apr 2024May 2024CHANGE
3230-6.3%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

13 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Woodstock, you could pay more than the asking price. 43.3% of homes here sold above asking price last month.

Summary: A total of 30 homes were sold or pending in Woodstock in May 2024, down by 6.3% month-over-month. Of the 30 sold homes, 37% were sold under asking, 20% were sold at asking, and 43% were sold over asking.

Days on Market for Woodstock, IL

How long does it take to sell a home in Woodstock, IL?

Average Sale Time

May 2023May 2024CHANGE
17 Days16 Days-1.1%

Summary: Homes in Woodstock had an average of 16 days on market in May 2024, down by 1.1% compared to last year.

Breakdown of Home Sale Times

26 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 Woodstock are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 30 homes were sold in Woodstock; 87% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 3% 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

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