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Prices Soar, But So Do Sales: The Woodridge Housing Market, By the Numbers

by UrbanTurf Staff

A home that sold in Woodridge earlier this year.

UrbanTurf is taking its annual look at the neighborhood housing markets around the DC region. Today, we head over to Woodridge.

The Woodridge housing market in 2020 is a microcosm of the larger regional market. Specifically, skyrocketing home prices are doing nothing to dampen the pace of home sales. Home prices rose 35% year-over-year in the neighborhood with essentially the same proportion of property types selling in 2019 and 2020. Despite the increase in prices, home sales rose 6%. 

Below UrbanTurf plucked out several other interesting stats about the Woodridge market.

  • $675,000 -- The median home price in Woodridge, an increase of 35% compared to 2019. 
  • $735,180 -- The average price for detached homes with 4+ bedrooms in 2020, up 20% compared to last year.
  • 6% -- The percentage increase in home sales between 2019 and 2020. 
  • 98.6% -- The average sales price to original list price ratio for homes sold in Woodridge this year. 
  • 1.89 -- The months of supply of homes for sale in the second quarter of 2020, down 53% compared to last year. 

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This article originally published at http://dc.urbanturf.com/articles/blog/the-woodridge-housing-market-by-the-numbers/17206

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