Is Worth, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Worth is a neutral's market

Buyer's
Market

Difference Since July 2021

At the same time last year, Worth was a Seller's Market.

Key Takeaway

Worth is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

How much do homes in Worth, IL cost?

Median Sold Price

$225,000

$157/sqft

Based on all homes sold in the last 12 months.

Difference Since July 2021

+$25,000(+12.5%)

Key Takeaway

Homes in Worth have sold for 12.5% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSJul 2021Jul 2022%
1 $74K$71.2K
-3.7%
2 $127K$117.7K
-7.3%
3 $224K$245K
+9.4%
4 $267.8K$292.5K
+9.2%
5+ $372.5K$465.5K
+25.0%

Median Sold Price Compared To Nearby Cities

Chicago Ridge
+34.5%
Palos Heights
+16.8%
Worth
+12.5%
Palos Township
+8.1%
Palos Hills
-0.7%

How many homes are available in Worth, IL?

Number of Homes For Sale

Jun 2022Jul 2022%
57570.0%

Homes For Sale By Bedroom Count

# BEDSJun 2022Jul 2022%
1 45
+25.0%
2 1818
0.0%
3 2219
-13.6%
4 911
+22.2%
5+ 44
0.0%

Number of Homes Sold

Jun 2022Jul 2022%
209-55.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Worth, you could pay more than the asking price. 77.8% of homes here sold above asking price last month.

Average Sale Time

Jul 2021Jul 2022%
29 Days7 Days-75.4%

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Worth are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Worth, IL

There are 57 homes are for sale in Worth, IL real estate market. Listings spent 7 days on the market in July 2022, and had a median list price of $225,000 during the same period. From June 2022 through July 2022, the following changes in listing prices were observed in this housing market: 1 bedroom properties prices decreased by 3.7%, prices of 2 bedrooms properties went down by 7.3%, 3 bedrooms properties prices increased by 9.4%, prices of 4 bedrooms properties went up by 9.2%, prices of 5 bedrooms properties went up by 25%. The following changes in the number of homes for sale were observed in this housing market: volume of 1 bedroom homes went up by 25%, volume of 2 bedrooms homes stayed the same, the quantity of 3 bedrooms homes went down by 13.6%, 4 bedrooms homes became 22.2% more available, number of 5 bedrooms homes remained the same. Over 7 listings were sold over their listed price in July 2022 in Worth, IL. In the same period over 2 listings were sold below the listed price and 0 listings were sold for the listed price.

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