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 November 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

$375,000

$206/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$25,000(+7.1%)

Key Takeaway

Homes in Woodridge have sold for 7.1% more than they did a year ago.

Summary: The median home sold price in Woodridge was $375,000 in November 2024, up 7.1% from last year, and the median price per square foot was $206.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $136K$145K
+6.6%
2 $185K$218K
+17.8%
3 $355K$375K
+5.6%
4 $415K$476K
+14.7%
5+ $590K$597.5K
+1.3%

Summary: Woodridge housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.6%, 2 bedroom homes increased by 17.8%, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 14.7%, and 5+ bedroom homes increased by 1.3%.

Median Sold Price Compared To Nearby Cities

Darien
+17.8%
Downers Grove Township
+14.7%
Du Page Township
+9.0%
Lisle Township
+8.8%
Woodridge
+7.1%

Housing Supply in Woodridge, IL

How many homes are available in Woodridge, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
8988-1.1%

Summary: The Woodridge real estate market had 88 homes for sale in November 2024, a 1.1% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 96
-33.3%
2 2120
-4.8%
3 3432
-5.9%
4 2125
+19.0%
5+ 45
+25.0%

Summary: The Woodridge housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 4.8%, 3 bedroom homes decreased by 5.9%, 4 bedroom homes increased by 19%, and 5+ bedroom homes increased by 25%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
3124-22.6%

Asking Price vs. Sold Price

9 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 could pay more than the asking price. 50% of homes here sold above asking price last month.

Summary: A total of 24 homes were sold or pending in Woodridge in November 2024, down by 22.6% month-over-month. Of the 24 sold homes, 38% were sold under asking, 13% were sold at asking, and 50% 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

Nov 2023Nov 2024CHANGE
37 Days14 Days-60.1%

Summary: Homes in Woodridge had an average of 14 days on market in Nov 2024, down by 60.1% compared to last year.

Breakdown of Home Sale Times

21 Homes Were Sold
Under 30 Days

3 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 November 2024, 24 homes were sold in Woodridge; 88% of homes were sold within 30 days, 13% 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 2 Days Ago

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