Is Worth, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2022
Since last year, Worth has remained a Seller's Market.
Key Takeaway
Worth is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Worth, IL
How much do homes in Worth, IL cost?
Median Sold Price
$220,000
$163/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2022
Key Takeaway
Homes in Worth have sold for 1.3% less than they did a year ago.
Summary: The median home sold price in Worth was $220,000 in November 2023, down 1.3% from last year, and the median price per square foot was $163.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $70.7K | $94K | +32.9% |
| 2 Bedrooms | $117.4K | $123.5K | +5.1% |
| 3 Bedrooms | $245K | $241K | -1.6% |
| 4 Bedrooms | $299K | $292.5K | -2.2% |
| 5+ Bedrooms | $437K | $310K | -29.1% |
Summary: Worth housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes increased by 32.9%, 2 bedroom homes increased by 5.1%, 3 bedroom homes decreased by 1.6%, 4 bedroom homes decreased by 2.2%, and 5+ bedroom homes decreased by 29.1%.
Median Sold Price Compared To Nearby Cities
| Palos Hills | $215K | $222.5K | +3.5% |
| Palos Heights | $335K | $345K | +3.0% |
| Palos Township | $276.5K | $278.5K | +0.7% |
| Worth | $223K | $220K | -1.3% |
| Chicago Ridge | $192K | $160K | -16.7% |
Housing Supply in Worth, IL
How many homes are available in Worth, IL?
Number of Homes For Sale
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 31 | 36 | +16.1% |
Summary: The Worth real estate market had 36 homes for sale in November 2023, a 16.1% increase compared to October 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 3 | +100.0% |
| 2 Bedrooms | 3 | 9 | +200.0% |
| 3 Bedrooms | 16 | 13 | -18.8% |
| 4 Bedrooms | 11 | 10 | -9.1% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Worth housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 200%, 3 bedroom homes decreased by 18.8%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 11 | 8 | -27.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Worth, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Worth in November 2023, down by 27.3% month-over-month. Of the 8 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% 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
| Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|
| 31 Days | 12 Days | -60.9% |
Summary: Homes in Worth had an average of 12 days on market in Nov 2023, down by 60.9% 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
Key Takeaway
Many homes in Worth are selling fast, if you're buying plan to act quickly.
Summary: During November 2023, 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.
Listings courtesy of Midwest Real Estate Data as distributed by MLS GRID.
Copyright © 2023 Midwest Real Estate Data LLC (MRED). All rights reserved.