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

$260,000

$134/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$10,550(+4.2%)

Key Takeaway

Homes in Worth Township have sold for 4.2% more than they did a year ago.

Summary: The median home sold price in Worth Township was $260,000 in March 2024, up 4.2% from last year, and the median price per square foot was $134.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $91.5K$92K
0.5%
2 $168K$136K
-19.0%
3 $218.7K$250K
+14.3%
4 $285.5K$306.5K
+7.4%
5+ $410K$460K
+12.2%

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 0.5%, 2 bedroom homes decreased by 19%, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 7.4%, and 5+ bedroom homes increased by 12.2%.

Median Sold Price Compared To Nearby Cities

Metamora
+46.0%
Metamora Township
+44.9%
Germantown Hills
+16.8%
Washington Township
+9.5%
Worth Township
+4.2%

Housing Supply in Worth Township, IL

How many homes are available in Worth Township, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
4048+20.0%

Summary: The Worth Township real estate market had 48 homes for sale in March 2024, a 20.0% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 22
0.0%
2 129
-25.0%
3 1219
+58.3%
4 914
+55.6%
5+ 54
-20.0%

Summary: The Worth Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 25%, 3 bedroom homes increased by 58.3%, 4 bedroom homes increased by 55.6%, and 5+ bedroom homes decreased by 20%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
119-18.2%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Worth Township, you could pay more than the asking price. 44.4% of homes here sold above asking price last month.

Summary: A total of 9 homes were sold or pending in Worth Township in March 2024, down by 18.2% month-over-month. Of the 9 sold homes, 33% were sold under asking, 22% were sold at asking, and 44% 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
31 Days79 Days+154.1%

Summary: Homes in Worth Township had an average of 79 days on market in Mar 2024, up by 154.1% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

2 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, 9 homes were sold in Worth Township; 78% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 22% 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 30 Days Ago

Newest Listings in Worth Township, IL

Nearby Markets to Worth Township, IL

What housing markets are near Worth Township, IL?