Is Maywood, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Maywood is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Maywood has remained a Seller's Market.

Key Takeaway

Maywood is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Maywood, IL

How much do homes in Maywood, IL cost?

Median Sold Price

$245,000

$148/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$10,000(+4.3%)

Key Takeaway

Homes in Maywood have sold for 4.3% more than they did a year ago.

Summary: The median home sold price in Maywood was $245,000 in May 2024, up 4.3% from last year, and the median price per square foot was $148.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 --
N/A
2 $165K$152.5K
-7.6%
3 $240K$224.9K
-6.3%
4 $249K$288K
+15.7%
5+ $300K$291K
-3.0%

Summary: Maywood housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 7.6%, 3 bedroom homes decreased by 6.3%, 4 bedroom homes increased by 15.7%, and 5+ bedroom homes decreased by 3%.

Median Sold Price Compared To Nearby Cities

River Forest Township
+12.6%
River Forest
+12.6%
Forest Park
+9.3%
Proviso Township
+5.5%
Maywood
+4.3%

Housing Supply in Maywood, IL

How many homes are available in Maywood, IL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
104103-1.0%

Summary: The Maywood real estate market had 103 homes for sale in May 2024, a 1.0% decrease compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 11
0.0%
2 2324
+4.3%
3 3938
-2.6%
4 3028
-6.7%
5+ 1112
+9.1%

Summary: The Maywood housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 4.3%, 3 bedroom homes decreased by 2.6%, 4 bedroom homes decreased by 6.7%, and 5+ bedroom homes increased by 9.1%.

Number of Homes Sold

Apr 2024May 2024CHANGE
21210.0%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Maywood, you could pay more than the asking price. 42.9% of homes here sold above asking price last month.

Summary: A total of 21 homes were sold or pending in Maywood in May 2024, the same as the previous month. Of the 21 sold homes, 33% were sold under asking, 24% were sold at asking, and 43% were sold over asking.

Days on Market for Maywood, IL

How long does it take to sell a home in Maywood, IL?

Average Sale Time

May 2023May 2024CHANGE
52 Days55 Days+5.0%

Summary: Homes in Maywood had an average of 55 days on market in May 2024, up by 5% compared to last year.

Breakdown of Home Sale Times

12 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 21 homes were sold in Maywood; 57% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 19% 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 1 Day Ago

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