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 2021

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

$232,469

$164/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2021

+$7,267(+3.2%)

Key Takeaway

Homes in Worth Township have sold for 3.2% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSDec 2021Dec 2022%
1 $84.9K$89.9K
+5.9%
2 $141.5K$155.3K
+9.8%
3 $250.2K$265K
+5.9%
4 $296.8K$307K
+3.4%
5+ $350K$390K
+11.4%

Median Sold Price Compared To Nearby Cities

Oak Lawn
+6.6%
Worth Township
+3.2%
Alsip
+1.9%
Evergreen Park
-1.5%
Merrionette Park
-6.3%

How many homes are available in Worth Township, IL?

Number of Homes For Sale

Nov 2022Dec 2022%
614570-7.2%

Homes For Sale By Bedroom Count

# BEDSNov 2022Dec 2022%
1 2023
+15.0%
2 201191
-5.0%
3 248230
-7.3%
4 10790
-15.9%
5+ 3836
-5.3%

Number of Homes Sold

Nov 2022Dec 2022%
149158+6.0%

Asking Price vs. Sold Price

103 Homes Were Sold
Under Asking

23 Homes Were Sold
At Asking

32 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. 65.2% of homes here sold below asking price last month.

Average Sale Time

Dec 2021Dec 2022%
25 Days29 Days+13.6%

Breakdown of Home Sale Times

100 Homes Were Sold
Under 30 Days

50 Homes Were Sold
In 30 - 90 Days

8 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.

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

About Worth Township, IL

Worth Township, IL has 570 homes on the market. Between November 2022 and December 2022, Worth Township, IL real estate market has seen decrease in the number of listings by 7.2%. In December 2022, listings were on the market for 29 days. During the same period, the median list price in this real estate market was $232,469. This housing market listing prices have changed between November 2022 and December 2022: prices of 1 bedroom properties increased by 5.9%, 2 bedrooms properties became 9.8% more expensive, 3 bedrooms properties prices increased by 5.9%, 4 bedrooms properties prices increased by 3.4%, 5 bedrooms properties became 11.4% more expensive. Housing inventory have changed in this real estate market: the quantity of 1 bedroom homes went up by 15%, volume of 2 bedrooms homes went down by 5%, number of 3 bedrooms homes decreased by 7.3%, number of 4 bedrooms homes decreased by 15.9%, volume of 5 bedrooms homes went down by 5.3%. Worth Township, IL housing market in December 2022 saw over 32 listings sold above listed price, more than 23 sold at listed price and over 103 sold below.

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