Woodridge Home Prices & Values

$233,100 Zillow Home Value Index What's This?  
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The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

  • 7.9% 1-year change
  • 2.2% 1-year forecast

Market Temperature: CoolWhat's This?
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Based on three metrics—sale-to-list price ratio, the prevalence of price cuts on home listings, and time-on-market—the market temperature provides information on the current balance of bargaining power between buyers and sellers in this city relative to other cities in the same metropolitan area. A particular city may be identified as a good market for buyers in a metro market favorable to sellers overall. Learn more

Buyers' Market Sellers' Market

The median home value in Woodridge is $233,100. Woodridge home values have gone up 7.9% over the past year and Zillow predicts they will rise 2.2% within the next year. The median list price per square foot in Woodridge is $148, which is higher than the Chicago Metro average of $135. The median price of homes currently listed in Woodridge is $235,000 while the median price of homes that sold is $250,950. The median rent price in Woodridge is $1,550, which is the same as the Chicago Metro median of $1,550.

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Woodridge is 6.0%, which is lower than the national value of 6.9%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Woodridge homeowners underwater on their mortgage is 17.3%, which is lower than Chicago Metro at 27.1%.

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Relative ZHVI
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Woodridge Market Overview

Data through Aug 31, 2014
  • $233,100 ZHVI
  • 2.2% 1-yr forecast What's This?  
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    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more

    (Aug 31, 2015)
  • $235,000 Median listing price
  • $250,950 Median sale price
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Woodridge Market Health

Data through Aug 31, 2014
  • 3.7/10 Less healthy What's This?  
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    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.

  • No data Average days on Zillow
  • 17.3% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 6.0% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)
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Nearby Cities

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Clarendon Hills $436,900 Lemont $344,400 Downers Grove $306,400
Darien $291,500 Lisle $261,500 Westmont $242,000
Bolingbrook $186,700 Willowbrook $177,600 Romeoville $146,700

Listings & Sales

Data through Aug 31, 2014
  • $148 Median list price / sq ft
  • $149 Median sale price / sq ft
  • 48.0% Listings with price cut
36.6%
Sold below listing
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Woodridge Rentals

Data through Aug 31, 2014
Zillow Rent Index What's This?
Close The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more
$1,813 Woodridge
$1,645 Chicago Metro
$1,328 United States
  • 2.3 Breakeven horizon What's This?  
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    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more

    (Jun 30, 2014)
  • $1,550 Rent list price
  • $1.39 Rent list price / sq ft
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