Single family home prices increasing in the Village of Woodridge, IL

Real estate appraiser Michael Walsh recently performed a appraisal on a single family home in Woodridge, IL 60517 and found median prices increasing, marketing times down and inventory oversupplied.

According to MRED MLS statistics for the last twelve months for MLS area 517 Woodridge, the median sales price for Detached Housing increased +5.7%, average marketing time declined -9.8% to 74 days on the market, and there is currently a 5.1 month supply of inventory. This level is considered a oversupply. REO & Short Sales account for approximately 18% of total sales.