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 November 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

$346,500

$194/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$40,250(+13.1%)

Key Takeaway

Homes in Wood Dale have sold for 13.1% more than they did a year ago.

Summary: The median home sold price in Wood Dale was $346,500 in November 2024, up 13.1% from last year, and the median price per square foot was $194.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $166K$158.8K
-4.3%
2 $245K$247.5K
+1.0%
3 $320K$350.5K
+9.5%
4 $433.5K$432.5K
-0.2%
5+ $576.2K$587.5K
+2.0%

Summary: Wood Dale housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.3%, 2 bedroom homes increased by 1%, 3 bedroom homes increased by 9.5%, 4 bedroom homes decreased by 0.2%, and 5+ bedroom homes increased by 2%.

Median Sold Price Compared To Nearby Cities

Itasca
+18.8%
Bensenville
+16.4%
Wood Dale
+13.1%
Elk Grove Village
+11.0%
Addison Township
+9.7%

Housing Supply in Wood Dale, IL

How many homes are available in Wood Dale, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
5352-1.9%

Summary: The Wood Dale real estate market had 52 homes for sale in November 2024, a 1.9% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 10
-100.0%
2 2322
-4.3%
3 1820
+11.1%
4 98
-11.1%
5+ 22
0.0%

Summary: The Wood Dale housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 4.3%, 3 bedroom homes increased by 11.1%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1119+72.7%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

10 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. 52.6% of homes here sold above asking price last month.

Summary: A total of 19 homes were sold or pending in Wood Dale in November 2024, up by 72.7% month-over-month. Of the 19 sold homes, 37% were sold under asking, 11% 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

Nov 2023Nov 2024CHANGE
17 Days12 Days-27.6%

Summary: Homes in Wood Dale had an average of 12 days on market in Nov 2024, down by 27.6% compared to last year.

Breakdown of Home Sale Times

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

Summary: During November 2024, 19 homes were sold in Wood Dale; 89% of homes were sold within 30 days, 11% 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 20 Days Ago

Newest Listings in Wood Dale, IL

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