Is Worth Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Worth Township has remained a Seller's Market.
Housing Prices in Worth Township, IL
How much do homes in Worth Township, IL cost?
Median Sold Price
$244,983
$175/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Worth Township was $244,983 in March 2024, up 6.5% from last year, and the median price per square foot was $175.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $89.9K | $100.1K | +11.3% |
2 Bedrooms | $154.5K | $165K | +6.8% |
3 Bedrooms | $265K | $275.6K | +4.0% |
4 Bedrooms | $300K | $324.6K | +8.2% |
5+ Bedrooms | $367K | $370K | +0.8% |
Summary: Worth Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.3%, 2 bedroom homes increased by 6.8%, 3 bedroom homes increased by 4%, 4 bedroom homes increased by 8.2%, and 5+ bedroom homes increased by 0.8%.
Median Sold Price Compared To Nearby Cities
Worth Township | $230K | $244.9K | +6.5% |
Alsip | $227K | $240.5K | +5.9% |
Evergreen Park | $256K | $270K | +5.5% |
Oak Lawn | $240.3K | $251.5K | +4.6% |
Housing Supply in Worth Township, IL
How many homes are available in Worth Township, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
417 | 454 | +8.9% |
Summary: The Worth Township real estate market had 454 homes for sale in March 2024, a 8.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 13 | 15 | +15.4% |
2 Bedrooms | 131 | 135 | +3.1% |
3 Bedrooms | 183 | 191 | +4.4% |
4 Bedrooms | 73 | 83 | +13.7% |
5+ Bedrooms | 17 | 30 | +76.5% |
Summary: The Worth Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 15.4%, 2 bedroom homes increased by 3.1%, 3 bedroom homes increased by 4.4%, 4 bedroom homes increased by 13.7%, and 5+ bedroom homes increased by 76.5%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
115 | 118 | +2.6% |
Asking Price vs. Sold Price
53 Homes Were Sold
Under Asking
24 Homes Were Sold
At Asking
41 Homes Were Sold
Over Asking
Summary: A total of 118 homes were sold or pending in Worth Township in March 2024, up by 2.6% month-over-month. Of the 118 sold homes, 45% were sold under asking, 20% were sold at asking, and 35% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
37 Days | 29 Days | -22.1% |
Summary: Homes in Worth Township had an average of 29 days on market in Mar 2024, down by 22.1% compared to last year.
Breakdown of Home Sale Times
81 Homes Were Sold
Under 30 Days
27 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Summary: During March 2024, 118 homes were sold in Worth Township; 69% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.