Is Worth Township, 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 Township has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $89.9K | $104.6K | +16.4% |
2 Bedrooms | $154.9K | $169.9K | +9.6% |
3 Bedrooms | $265.8K | $279.9K | +5.3% |
4 Bedrooms | $307.6K | $321K | +4.4% |
5+ Bedrooms | $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 | $225.4K | $245K | +8.7% |
Worth Township | $230.5K | $249.8K | +8.4% |
Evergreen Park | $255K | $275K | +7.8% |
Oak Lawn | $244.2K | $255.1K | +4.5% |
Housing Supply in Worth Township, IL
How many homes are available in Worth Township, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
504 | 550 | +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
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 17 | 21 | +23.5% |
2 Bedrooms | 163 | 161 | -1.2% |
3 Bedrooms | 199 | 221 | +11.1% |
4 Bedrooms | 92 | 107 | +16.3% |
5+ Bedrooms | 33 | 40 | +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 2024 | May 2024 | CHANGE |
---|---|---|
150 | 157 | +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
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 2023 | May 2024 | CHANGE |
---|---|---|
30 Days | 21 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
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.