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 March 2023

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.

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

+$14,976(+6.5%)

Key Takeaway

Homes in Worth Township have sold for 6.5% more than they did a year ago.

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

# BEDSMar 2023Mar 2024CHANGE
1 $89.9K$100.1K
+11.3%
2 $154.5K$165K
+6.8%
3 $265K$275.6K
+4.0%
4 $300K$324.6K
+8.2%
5+ $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
+6.5%
Alsip
+5.9%
Evergreen Park
+5.5%
Oak Lawn
+4.6%

Housing Supply in Worth Township, IL

How many homes are available in Worth Township, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
417454+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

# BEDSFeb 2024Mar 2024CHANGE
1 1315
+15.4%
2 131135
+3.1%
3 183191
+4.4%
4 7383
+13.7%
5+ 1730
+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 2024Mar 2024CHANGE
115118+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Worth Township, you may be able to get a good deal. 44.9% of homes here sold below asking price last month.

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 2023Mar 2024CHANGE
37 Days29 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

Breakdown of Home Sale Times

Key Takeaway

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

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.

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

Report Updated 25 Days Ago

Newest Listings in Worth Township, IL

Nearby Markets to Worth Township, IL

What housing markets are near Worth Township, IL?