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

$386,666

$207/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$36,666(+10.5%)

Key Takeaway

Homes in Woodridge have sold for 10.5% more than they did a year ago.

Summary: The median home sold price in Woodridge was $386,666 in December 2024, up 10.5% 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 $191K$216K
+13.1%
3 $355K$385K
+8.5%
4 $415K$475K
+14.5%
5+ $575K$637.5K
+10.9%

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 13.1%, 3 bedroom homes increased by 8.5%, 4 bedroom homes increased by 14.5%, and 5+ bedroom homes increased by 10.9%.

Housing Supply in Woodridge, IL

How many homes are available in Woodridge, IL?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
8977-13.5%

Summary: The Woodridge real estate market had 77 homes for sale in December 2024, a 13.5% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 76
-14.3%
2 1915
-21.1%
3 3528
-20.0%
4 2323
0.0%
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 remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
2529+16.0%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

13 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. 44.8% of homes here sold below asking price last month.

Summary: A total of 29 homes were sold or pending in Woodridge in December 2024, up by 16.0% month-over-month. Of the 29 sold homes, 45% were sold under asking, 10% were sold at asking, and 45% 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 Days22 Days+183.6%

Summary: Homes in Woodridge had an average of 22 days on market in Dec 2024, up by 183.6% compared to last year.

Breakdown of Home Sale Times

21 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, 29 homes were sold in Woodridge; 72% of homes were sold within 30 days, 24% 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 2 Days Ago

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