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 16 Days Ago

Newest Listings in Maywood, IL

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