Wood Dale, IL Housing Market Report – March 2025
As of March 2025, Wood Dale, Illinois, exhibits a housing market with notable fluctuations in pricing, market competitiveness, and inventory levels. Below is an updated overview based on the most current data:
Median Home Prices:
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Redfin: In January 2025, Wood Dale homes sold for a median price of $378,000, reflecting a 7.9% year-over-year increase.
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Realtor.com: In December 2024, the median listing home price was $344,900, trending up 2.2% year-over-year.
Market Activity:
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Homes Sold: In January 2025, six homes were sold in Wood Dale, a decrease from seven sold in January 2024.
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Days on Market: Homes in Wood Dale typically remained on the market for an average of 81 days in January 2025, compared to 70 days in January 2024.
Market Competitiveness:
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Redfin Market Score: Wood Dale's market is considered somewhat competitive, scoring 59 out of 100.
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Rocket Homes: In February 2025, three homes were sold or pending in Wood Dale, down 40% month-over-month. Notably, all three homes sold were under the asking price.
Outlook: The Wood Dale housing market shows mixed trends, with increased median sale prices but a decrease in the number of homes sold. Prospective buyers may find opportunities due to the longer average time on market and recent price adjustments. Sellers should be mindful of the competitive landscape and pricing strategies. Consulting with local real estate professionals is advisable to navigate the current market dynamics effectively.
Bensenville, IL Housing Market Report – March 2025
As of March 2025, Bensenville, Illinois, presents a housing market with notable fluctuations in home prices, market competitiveness, and inventory levels. Below is an updated overview based on the most current data:
Median Home Prices:
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Rocket Homes: In January 2025, Bensenville had 23 homes for sale with a median price of $325,000, marking a 16.1% year-over-year increase.
Market Activity:
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Homes for Sale: The number of homes for sale in Bensenville decreased by 11.5% from December 2024 to January 2025, with 23 homes listed in January.
Outlook: The Bensenville housing market shows positive signs with increased median home prices and a decrease in inventory levels, suggesting a competitive market. Prospective buyers may face limited options, while sellers could benefit from favorable pricing dynamics. Engaging with local real estate professionals is recommended to effectively navigate the current market landscape.
Itasca, IL Housing Market Report – March 2025
As of March 2025, Itasca, Illinois, exhibits a housing market with varying trends in pricing, market competitiveness, and inventory levels. Below is an updated overview based on the most current data:
Median Home Prices:
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Redfin: In January 2025, Itasca homes sold for a median price of $450,000, reflecting a 5.6% year-over-year increase.
Market Activity:
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Homes Sold: In January 2025, eight homes were sold in Itasca, a decrease from ten sold in January 2024.
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Days on Market: Homes in Itasca typically remained on the market for an average of 65 days in January 2025, compared to 60 days in January 2024.
Market Competitiveness:
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Redfin Market Score: Itasca's market is considered moderately competitive, scoring 53 out of 100. Homes often receive multiple offers and tend to stay on the market for an average of 65 days.
Outlook: The Itasca housing market shows modest growth, with slight increases in median sale prices. However, the decrease in homes sold and longer average time on market may indicate a cooling in market activity. Buyers may find opportunities amidst these trends, while sellers should be mindful of market competitiveness and adjust pricing strategies accordingly. Consulting with local real estate professionals is advisable to navigate the current market dynamics effectively.
For personalized insights or assistance with buying or selling in Itasca, Wood Dale or Benseneville contact Frank "Campo" Campobasso at Century 21 Circle.
Frank "Campo" Campobasso
