Is Maywood, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Maywood has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $165K | $152.5K | -7.6% |
3 Bedrooms | $240K | $224.9K | -6.3% |
4 Bedrooms | $249K | $288K | +15.7% |
5+ Bedrooms | $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 | $488.5K | $550K | +12.6% |
River Forest | $488.5K | $550K | +12.6% |
Forest Park | $270K | $295K | +9.3% |
Proviso Township | $284.2K | $299.9K | +5.5% |
Maywood | $235K | $245K | +4.3% |
Housing Supply in Maywood, IL
How many homes are available in Maywood, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
104 | 103 | -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
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 23 | 24 | +4.3% |
3 Bedrooms | 39 | 38 | -2.6% |
4 Bedrooms | 30 | 28 | -6.7% |
5+ Bedrooms | 11 | 12 | +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 2024 | May 2024 | CHANGE |
---|---|---|
21 | 21 | 0.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
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 2023 | May 2024 | CHANGE |
---|---|---|
52 Days | 55 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
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.