Is Worth, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Worth is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, Worth has remained a Seller's Market.

Key Takeaway

Worth is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Worth, IL

How much do homes in Worth, IL cost?

Median Sold Price

$249,700

$173/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$46,700(+23.0%)

Key Takeaway

Homes in Worth have sold for 23% more than they did a year ago.

Summary: The median home sold price in Worth was $249,700 in April 2024, up 23% from last year, and the median price per square foot was $173.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $85K$93.9K
+10.5%
2 $120K$135.5K
+12.9%
3 $230.1K$265K
+15.2%
4 $311K$297.5K
-4.3%
5+ $294.5K$275K
-6.6%

Summary: Worth housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.5%, 2 bedroom homes increased by 12.9%, 3 bedroom homes increased by 15.2%, 4 bedroom homes decreased by 4.3%, and 5+ bedroom homes decreased by 6.6%.

Median Sold Price Compared To Nearby Cities

Worth
+23.0%
Palos Township
+18.6%
Palos Hills
+16.3%
Chicago Ridge
+11.0%
Palos Heights
+7.8%

Housing Supply in Worth, IL

How many homes are available in Worth, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
2741+51.9%

Summary: The Worth real estate market had 41 homes for sale in April 2024, a 51.9% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 21
-50.0%
2 811
+37.5%
3 919
+111.1%
4 810
+25.0%
5+ 00
0.0%

Summary: The Worth housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 37.5%, 3 bedroom homes increased by 111.1%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
68+33.3%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Worth, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in Worth in April 2024, up by 33.3% month-over-month. Of the 8 sold homes, 50% were sold under asking, 13% were sold at asking, and 38% were sold over asking.

Days on Market for Worth, IL

How long does it take to sell a home in Worth, IL?

Average Sale Time

Apr 2023Apr 2024CHANGE
11 Days6 Days-39.6%

Summary: Homes in Worth had an average of 6 days on market in Apr 2024, down by 39.6% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Worth are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 8 homes were sold in Worth; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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 16 Days Ago

Newest Listings in Worth, IL

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