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 November 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

$260,420

$180/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$22,305(+9.4%)

Key Takeaway

Homes in Worth Township have sold for 9.4% more than they did a year ago.

Summary: The median home sold price in Worth Township was $260,420 in November 2024, up 9.4% from last year, and the median price per square foot was $180.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $100K$110K
+10.0%
2 $160K$177.8K
+11.2%
3 $275K$289.5K
+5.3%
4 $320K$330.1K
+3.2%
5+ $355K$365K
+2.8%

Summary: Worth Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10%, 2 bedroom homes increased by 11.2%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 3.2%, and 5+ bedroom homes increased by 2.8%.

Median Sold Price Compared To Nearby Cities

Worth Township
+9.4%
Oak Lawn
+8.4%
Evergreen Park
+6.1%
Alsip
+4.1%
Merrionette Park
+1.8%

Housing Supply in Worth Township, IL

How many homes are available in Worth Township, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
556573+3.1%

Summary: The Worth Township real estate market had 573 homes for sale in November 2024, a 3.1% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 2626
0.0%
2 198199
0.5%
3 199223
+12.1%
4 9591
-4.2%
5+ 3834
-10.5%

Summary: The Worth Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 0.5%, 3 bedroom homes increased by 12.1%, 4 bedroom homes decreased by 4.2%, and 5+ bedroom homes decreased by 10.5%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
141120-14.9%

Asking Price vs. Sold Price

62 Homes Were Sold
Under Asking

17 Homes Were Sold
At Asking

41 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Worth Township, you may be able to get a good deal. 51.7% of homes here sold below asking price last month.

Summary: A total of 120 homes were sold or pending in Worth Township in November 2024, down by 14.9% month-over-month. Of the 120 sold homes, 52% were sold under asking, 14% were sold at asking, and 34% 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

Nov 2023Nov 2024CHANGE
25 Days25 Days-0.5%

Summary: Homes in Worth Township had an average of 25 days on market in Nov 2024, down by 0.5% compared to last year.

Breakdown of Home Sale Times

85 Homes Were Sold
Under 30 Days

30 Homes Were Sold
In 30 - 90 Days

5 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 November 2024, 120 homes were sold in Worth Township; 71% of homes were sold within 30 days, 25% 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 17 Days Ago

Newest Listings in Worth Township, IL

Nearby Markets to Worth Township, IL

What housing markets are near Worth Township, IL?