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 December 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

$377,525

$207/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$27,608(+7.9%)

Key Takeaway

Homes in Woodridge have sold for 7.9% more than they did a year ago.

Summary: The median home sold price in Woodridge was $377,525 in December 2024, up 7.9% from last year, and the median price per square foot was $207.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $136K$145.5K
+7.0%
2 $193K$220K
+14.0%
3 $353K$375K
+6.2%
4 $415K$475.5K
+14.6%
5+ $627.5K$637.5K
+1.6%

Summary: Woodridge housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7%, 2 bedroom homes increased by 14%, 3 bedroom homes increased by 6.2%, 4 bedroom homes increased by 14.6%, and 5+ bedroom homes increased by 1.6%.

Median Sold Price Compared To Nearby Cities

Darien
+16.5%
Downers Grove Township
+15.7%
Du Page Township
+8.6%
Lisle Township
+8.0%
Woodridge
+7.9%

Housing Supply in Woodridge, IL

How many homes are available in Woodridge, IL?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
8370-15.7%

Summary: The Woodridge real estate market had 70 homes for sale in December 2024, a 15.7% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 76
-14.3%
2 1915
-21.1%
3 3024
-20.0%
4 2220
-9.1%
5+ 55
0.0%

Summary: The Woodridge housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 14.3%, 2 bedroom homes decreased by 21.1%, 3 bedroom homes decreased by 20%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
2427+12.5%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

12 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Woodridge, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.

Summary: A total of 27 homes were sold or pending in Woodridge in December 2024, up by 12.5% month-over-month. Of the 27 sold homes, 44% were sold under asking, 11% were sold at asking, and 44% 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

Dec 2023Dec 2024CHANGE
8 Days23 Days+181.5%

Summary: Homes in Woodridge had an average of 23 days on market in Dec 2024, up by 181.5% compared to last year.

Breakdown of Home Sale Times

19 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

1 Home Was 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 December 2024, 27 homes were sold in Woodridge; 70% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 4% 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 4 Days Ago

Newest Listings in Woodridge, IL

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