Is Worth, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Worth has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $85K | $92K | +8.2% |
2 Bedrooms | $120K | $138K | +15.0% |
3 Bedrooms | $232K | $269.9K | +16.3% |
4 Bedrooms | $311K | $300K | -3.5% |
5+ Bedrooms | $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 | $200K | $252.5K | +26.3% |
Palos Hills | $210K | $260K | +23.8% |
Palos Township | $260K | $320.1K | +23.1% |
Chicago Ridge | $170K | $190K | +11.8% |
Palos Heights | $334.9K | $369.9K | +10.5% |
Housing Supply in Worth, IL
How many homes are available in Worth, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
39 | 40 | +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
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 2 | +100.0% |
2 Bedrooms | 12 | 12 | 0.0% |
3 Bedrooms | 18 | 16 | -11.1% |
4 Bedrooms | 9 | 9 | 0.0% |
5+ Bedrooms | 0 | 1 | +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 2024 | May 2024 | CHANGE |
---|---|---|
9 | 13 | +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
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 2023 | May 2024 | CHANGE |
---|---|---|
20 Days | 14 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
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.