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 May 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

$252,500

$174/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$52,500(+26.3%)

Key Takeaway

Homes in Worth have sold for 26.3% more than they did a year ago.

Summary: The median home sold price in Worth was $252,500 in May 2024, up 26.3% from last year, and the median price per square foot was $174.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $85K$92K
+8.2%
2 $120K$138K
+15.0%
3 $232K$269.9K
+16.3%
4 $311K$300K
-3.5%
5+ $314K$275K
-12.4%

Summary: Worth housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.2%, 2 bedroom homes increased by 15%, 3 bedroom homes increased by 16.3%, 4 bedroom homes decreased by 3.5%, and 5+ bedroom homes decreased by 12.4%.

Median Sold Price Compared To Nearby Cities

Worth
+26.3%
Palos Hills
+23.8%
Palos Township
+23.1%
Chicago Ridge
+11.8%
Palos Heights
+10.5%

Housing Supply in Worth, IL

How many homes are available in Worth, IL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
3940+2.6%

Summary: The Worth real estate market had 40 homes for sale in May 2024, a 2.6% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 02
+100.0%
2 1212
0.0%
3 1816
-11.1%
4 99
0.0%
5+ 01
+100.0%

Summary: The Worth housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 11.1%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Apr 2024May 2024CHANGE
913+44.4%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Worth, you could pay more than the asking price. 61.5% of homes here sold above asking price last month.

Summary: A total of 13 homes were sold or pending in Worth in May 2024, up by 44.4% month-over-month. Of the 13 sold homes, 31% were sold under asking, 8% were sold at asking, and 62% 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

May 2023May 2024CHANGE
20 Days14 Days-28.5%

Summary: Homes in Worth had an average of 14 days on market in May 2024, down by 28.5% compared to last year.

Breakdown of Home Sale Times

12 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was 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 May 2024, 13 homes were sold in Worth; 92% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 8% 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 1 Day Ago

Newest Listings in Worth, IL

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