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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Worth Township is a seller's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

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

Housing Prices in Worth Township, IL

How much do homes in Worth Township, IL cost?

Median Sold Price

$249,896

$176/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$19,332(+8.4%)

Key Takeaway

Homes in Worth Township have sold for 8.4% more than they did a year ago.

Summary: The median home sold price in Worth Township was $249,896 in May 2024, up 8.4% from last year, and the median price per square foot was $176.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $89.9K$104.6K
+16.4%
2 $154.9K$169.9K
+9.6%
3 $265.8K$279.9K
+5.3%
4 $307.6K$321K
+4.4%
5+ $365K$347.5K
-4.8%

Summary: Worth Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 16.4%, 2 bedroom homes increased by 9.6%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 4.4%, and 5+ bedroom homes decreased by 4.8%.

Median Sold Price Compared To Nearby Cities

Alsip
+8.7%
Worth Township
+8.4%
Evergreen Park
+7.8%
Oak Lawn
+4.5%

Housing Supply in Worth Township, IL

How many homes are available in Worth Township, IL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
504550+9.1%

Summary: The Worth Township real estate market had 550 homes for sale in May 2024, a 9.1% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 1721
+23.5%
2 163161
-1.2%
3 199221
+11.1%
4 92107
+16.3%
5+ 3340
+21.2%

Summary: The Worth Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 23.5%, 2 bedroom homes decreased by 1.2%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 16.3%, and 5+ bedroom homes increased by 21.2%.

Number of Homes Sold

Apr 2024May 2024CHANGE
150157+4.7%

Asking Price vs. Sold Price

60 Homes Were Sold
Under Asking

27 Homes Were Sold
At Asking

70 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Worth Township, you could pay more than the asking price. 44.6% of homes here sold above asking price last month.

Summary: A total of 157 homes were sold or pending in Worth Township in May 2024, up by 4.7% month-over-month. Of the 157 sold homes, 38% were sold under asking, 17% were sold at asking, and 45% were sold over asking.

Days on Market for Worth Township, IL

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

Average Sale Time

May 2023May 2024CHANGE
30 Days21 Days-28.8%

Summary: Homes in Worth Township had an average of 21 days on market in May 2024, down by 28.8% compared to last year.

Breakdown of Home Sale Times

125 Homes Were Sold
Under 30 Days

25 Homes Were Sold
In 30 - 90 Days

7 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 157 homes were sold in Worth Township; 80% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 4% 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 Township, IL

Nearby Markets to Worth Township, IL

What housing markets are near Worth Township, IL?