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

$265,000

$142/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$14,000(+5.6%)

Key Takeaway

Homes in Worth Township have sold for 5.6% more than they did a year ago.

Summary: The median home sold price in Worth Township was $265,000 in October 2024, up 5.6% from last year, and the median price per square foot was $142.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $92K$92.9K
+1.0%
2 $143K$144K
+0.7%
3 $240K$268.5K
+11.9%
4 $306.5K$299.9K
-2.2%
5+ $475K$430K
-9.5%

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 1%, 2 bedroom homes increased by 0.7%, 3 bedroom homes increased by 11.9%, 4 bedroom homes decreased by 2.2%, and 5+ bedroom homes decreased by 9.5%.

Median Sold Price Compared To Nearby Cities

Washington Township
+18.5%
Worth Township
+5.6%
Metamora
-1.1%
Metamora Township
-1.1%
Germantown Hills
-6.6%

Housing Supply in Worth Township, IL

How many homes are available in Worth Township, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
5770+22.8%

Summary: The Worth Township real estate market had 70 homes for sale in October 2024, a 22.8% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 02
+100.0%
2 1218
+50.0%
3 2627
+3.8%
4 1318
+38.5%
5+ 65
-16.7%

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 100%, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 3.8%, 4 bedroom homes increased by 38.5%, and 5+ bedroom homes decreased by 16.7%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1022+120.0%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

5 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. 54.5% of homes here sold below asking price last month.

Summary: A total of 22 homes were sold or pending in Worth Township in October 2024, up by 120.0% month-over-month. Of the 22 sold homes, 55% were sold under asking, 23% were sold at asking, and 23% 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
21 Days35 Days+64.9%

Summary: Homes in Worth Township had an average of 35 days on market in Oct 2024, up by 64.9% compared to last year.

Breakdown of Home Sale Times

16 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

1 Home Was 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, 22 homes were sold in Worth Township; 73% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 5% 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?