Is Worth Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 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
$246,539
$175/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Worth Township was $246,539 in April 2024, up 6.6% from last year, and the median price per square foot was $175.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $89.9K | $101.2K | +12.6% |
2 Bedrooms | $151.8K | $169K | +11.3% |
3 Bedrooms | $265K | $279K | +5.3% |
4 Bedrooms | $300K | $324.6K | +8.2% |
5+ Bedrooms | $374.5K | $355K | -5.2% |
Summary: Worth Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.6%, 2 bedroom homes increased by 11.3%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 8.2%, and 5+ bedroom homes decreased by 5.2%.
Median Sold Price Compared To Nearby Cities
Merrionette Park | $185.5K | $207.5K | +11.9% |
Worth Township | $231.3K | $246.5K | +6.6% |
Alsip | $225.4K | $240K | +6.5% |
Evergreen Park | $257K | $270K | +5.1% |
Oak Lawn | $245K | $254.3K | +3.8% |
Housing Supply in Worth Township, IL
How many homes are available in Worth Township, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
427 | 518 | +21.3% |
Summary: The Worth Township real estate market had 518 homes for sale in April 2024, a 21.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 13 | 18 | +38.5% |
2 Bedrooms | 129 | 160 | +24.0% |
3 Bedrooms | 181 | 205 | +13.3% |
4 Bedrooms | 76 | 100 | +31.6% |
5+ Bedrooms | 28 | 35 | +25.0% |
Summary: The Worth Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 38.5%, 2 bedroom homes increased by 24%, 3 bedroom homes increased by 13.3%, 4 bedroom homes increased by 31.6%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
122 | 140 | +14.8% |
Asking Price vs. Sold Price
50 Homes Were Sold
Under Asking
32 Homes Were Sold
At Asking
58 Homes Were Sold
Over Asking
Summary: A total of 140 homes were sold or pending in Worth Township in April 2024, up by 14.8% month-over-month. Of the 140 sold homes, 36% were sold under asking, 23% were sold at asking, and 41% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
25 Days | 26 Days | +3.0% |
Summary: Homes in Worth Township had an average of 26 days on market in Apr 2024, up by 3% compared to last year.
Breakdown of Home Sale Times
109 Homes Were Sold
Under 30 Days
23 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Summary: During April 2024, 140 homes were sold in Worth Township; 78% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.