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 December 2020

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.

How much do homes in Worth Township, IL cost?

Median Sold Price

$225,194

$155/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2020

+$25,418(+12.7%)

Key Takeaway

Homes in Worth Township have sold for 12.7% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSDec 2020Dec 2021%
1 $70K$84.9K
+21.3%
2 $124.4K$141.9K
+14.0%
3 $220K$250K
+13.7%
4 $246.3K$295.8K
+20.1%
5+ $299.9K$345K
+15.0%

Median Sold Price Compared To Nearby Cities

Merrionette Park
+20.2%
Evergreen Park
+19.4%
Alsip
+17.6%
Worth Township
+12.7%
Oak Lawn
+11.9%

How many homes are available in Worth Township, IL?

Number of Homes For Sale

Nov 2021Dec 2021%
834735-11.9%

Homes For Sale By Bedroom Count

# BEDSNov 2021Dec 2021%
1 2626
0.0%
2 239220
-7.9%
3 378317
-16.1%
4 135114
-15.6%
5+ 5658
+3.6%

Number of Homes Sold

Nov 2021Dec 2021%
215209-2.8%

Asking Price vs. Sold Price

98 Homes Were Sold
Under Asking

32 Homes Were Sold
At Asking

79 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. 46.9% of homes here sold below asking price last month.

Average Sale Time

Dec 2020Dec 2021%
32 Days25 Days-20.2%

Breakdown of Home Sale Times

158 Homes Were Sold
Under 30 Days

42 Homes Were Sold
In 30 - 90 Days

9 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.

About Worth Township, IL

Worth Township, IL has 735 homes on the market. In December 2021 in Worth Township, IL there were 11.9% less homes for sale than in November 2021. In December 2021, listings were on the market for 25 days. During the same period, the median list price in this real estate market was $225,194. Real estate listing prices changed between November 2021 and December 2021: 1 bedroom properties prices increased by 21.3%, prices of 2 bedrooms properties went up by 14%, 3 bedrooms properties prices increased by 13.7%, prices of 4 bedrooms properties went up by 20.1%, prices of 5 bedrooms properties increased by 15%. Volume of homes for sale changed: 1 bedroom homes did not move, the quantity of 2 bedrooms homes went down by 7.9%, 3 bedrooms homes became 16.1% less available, volume of 4 bedrooms homes went down by 15.6%, 5 bedrooms homes inventory increased by 3.6%. While more than 79 listings in Worth Township, IL in December 2021 were sold above asking price, there were more than 32 listings sold at asking price, and more than 98 were sold below.

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