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 August 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

$254,972

$178/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2023

+$19,462(+8.3%)

Key Takeaway

Homes in Worth Township have sold for 8.3% more than they did a year ago.

Summary: The median home sold price in Worth Township was $254,972 in August 2024, up 8.3% from last year, and the median price per square foot was $178.

Median Sold Price By Bedroom Count

# BEDSAug 2023Aug 2024CHANGE
1 $97K$109.9K
+13.3%
2 $154.6K$175K
+13.2%
3 $271.5K$284.5K
+4.8%
4 $309.8K$335K
+8.1%
5+ $358.9K$365K
+1.7%

Summary: Worth Township housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.3%, 2 bedroom homes increased by 13.2%, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 8.1%, and 5+ bedroom homes increased by 1.7%.

Median Sold Price Compared To Nearby Cities

Worth Township
+8.3%
Oak Lawn
+6.9%
Alsip
+6.5%
Evergreen Park
+6.0%

Housing Supply in Worth Township, IL

How many homes are available in Worth Township, IL?

Number of Homes For Sale

Jul 2024Aug 2024CHANGE
541614+13.5%

Summary: The Worth Township real estate market had 614 homes for sale in August 2024, a 13.5% increase compared to July 2024.

Homes For Sale By Bedroom Count

# BEDSJul 2024Aug 2024CHANGE
1 2422
-8.3%
2 156203
+30.1%
3 228241
+5.7%
4 94104
+10.6%
5+ 3944
+12.8%

Summary: The Worth Township housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 8.3%, 2 bedroom homes increased by 30.1%, 3 bedroom homes increased by 5.7%, 4 bedroom homes increased by 10.6%, and 5+ bedroom homes increased by 12.8%.

Number of Homes Sold

Jul 2024Aug 2024CHANGE
165157-4.8%

Asking Price vs. Sold Price

74 Homes Were Sold
Under Asking

21 Homes Were Sold
At Asking

62 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. 47.1% of homes here sold below asking price last month.

Summary: A total of 157 homes were sold or pending in Worth Township in August 2024, down by 4.8% month-over-month. Of the 157 sold homes, 47% were sold under asking, 13% were sold at asking, and 39% 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

Aug 2023Aug 2024CHANGE
23 Days19 Days-20.0%

Summary: Homes in Worth Township had an average of 19 days on market in Aug 2024, down by 20% compared to last year.

Breakdown of Home Sale Times

123 Homes Were Sold
Under 30 Days

30 Homes Were Sold
In 30 - 90 Days

4 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 August 2024, 157 homes were sold in Worth Township; 78% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 3% 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 10 Days Ago

Newest Listings in Worth Township, IL

Nearby Markets to Worth Township, IL

What housing markets are near Worth Township, IL?