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 October 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

$260,425

$179/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$24,825(+10.5%)

Key Takeaway

Homes in Worth Township have sold for 10.5% more than they did a year ago.

Summary: The median home sold price in Worth Township was $260,425 in October 2024, up 10.5% from last year, and the median price per square foot was $179.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $100K$110K
+10.0%
2 $159.7K$177.6K
+11.2%
3 $274.8K$288.1K
+4.8%
4 $315K$329.4K
+4.6%
5+ $354K$365K
+3.1%

Summary: Worth Township housing prices by bedroom type for October 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 4.8%, 4 bedroom homes increased by 4.6%, and 5+ bedroom homes increased by 3.1%.

Median Sold Price Compared To Nearby Cities

Worth Township
+10.5%
Oak Lawn
+9.6%
Evergreen Park
+6.4%
Alsip
+4.3%

Housing Supply in Worth Township, IL

How many homes are available in Worth Township, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
530613+15.7%

Summary: The Worth Township real estate market had 613 homes for sale in October 2024, a 15.7% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 2227
+22.7%
2 179215
+20.1%
3 204225
+10.3%
4 86104
+20.9%
5+ 3942
+7.7%

Summary: The Worth Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 22.7%, 2 bedroom homes increased by 20.1%, 3 bedroom homes increased by 10.3%, 4 bedroom homes increased by 20.9%, and 5+ bedroom homes increased by 7.7%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
141132-6.4%

Asking Price vs. Sold Price

71 Homes Were Sold
Under Asking

19 Homes Were Sold
At Asking

42 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. 53.8% of homes here sold below asking price last month.

Summary: A total of 132 homes were sold or pending in Worth Township in October 2024, down by 6.4% month-over-month. Of the 132 sold homes, 54% were sold under asking, 14% were sold at asking, and 32% 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

Oct 2023Oct 2024CHANGE
18 Days24 Days+33.2%

Summary: Homes in Worth Township had an average of 24 days on market in Oct 2024, up by 33.2% compared to last year.

Breakdown of Home Sale Times

101 Homes Were Sold
Under 30 Days

26 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 October 2024, 132 homes were sold in Worth Township; 77% of homes were sold within 30 days, 20% 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 16 Days Ago

Newest Listings in Worth Township, IL

Nearby Markets to Worth Township, IL

What housing markets are near Worth Township, IL?