Is Worth, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, Worth was a Buyer's Market.
Housing Prices in Worth, IL
How much do homes in Worth, IL cost?
Median Sold Price
$245,000
$173/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Worth was $245,000 in February 2024, up 16.7% from last year, and the median price per square foot was $173.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $85K | $93.9K | +10.5% |
2 Bedrooms | $118.7K | $138K | +16.2% |
3 Bedrooms | $234.9K | $255K | +8.5% |
4 Bedrooms | $297K | $303.2K | +2.1% |
5+ Bedrooms | $294.5K | $310K | +5.3% |
Summary: Worth housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.5%, 2 bedroom homes increased by 16.2%, 3 bedroom homes increased by 8.5%, 4 bedroom homes increased by 2.1%, and 5+ bedroom homes increased by 5.3%.
Median Sold Price Compared To Nearby Cities
Worth | $210K | $245K | +16.7% |
Palos Hills | $216.8K | $230K | +6.1% |
Palos Heights | $335K | $350K | +4.5% |
Chicago Ridge | $170K | $173.2K | +1.9% |
Palos Township | $279.7K | $285K | +1.9% |
Housing Supply in Worth, IL
How many homes are available in Worth, IL?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
20 | 24 | +20.0% |
Summary: The Worth real estate market had 24 homes for sale in February 2024, a 20.0% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 3 | 0.0% |
2 Bedrooms | 7 | 9 | +28.6% |
3 Bedrooms | 4 | 6 | +50.0% |
4 Bedrooms | 5 | 5 | 0.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Worth housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 28.6%, 3 bedroom homes increased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
7 | 8 | +14.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Worth in February 2024, up by 14.3% month-over-month. Of the 8 sold homes, 38% were sold under asking, 0% were sold at asking, and 63% were sold over asking.
Days on Market for Worth, IL
How long does it take to sell a home in Worth, IL?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
15 Days | 11 Days | -27.4% |
Summary: Homes in Worth had an average of 11 days on market in Feb 2024, down by 27.4% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During February 2024, 8 homes were sold in Worth; 88% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.