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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Maywood is a buyer's market

Buyer's
Market

Difference Since November 2021

At the same time last year, Maywood was a Seller's Market.

Key Takeaway

Maywood is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

How much do homes in Maywood, IL cost?

Median Sold Price

$242,500

$150/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$12,250(+5.3%)

Key Takeaway

Homes in Maywood have sold for 5.3% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $19K$45K
+136.8%
2 $190K$189.9K
-0.1%
3 $225K$250K
+11.1%
4 $250K$270K
+8.0%
5+ $284K$290K
+2.1%

Median Sold Price Compared To Nearby Cities

Proviso Township
+7.3%
Maywood
+5.3%
Forest Park
+5.3%
River Forest Township
-4.6%
River Forest
-4.6%

How many homes are available in Maywood, IL?

Number of Homes For Sale

Oct 2022Nov 2022%
108114+5.6%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 11
0.0%
2 1918
-5.3%
3 4446
+4.5%
4 3034
+13.3%
5+ 1415
+7.1%

Number of Homes Sold

Oct 2022Nov 2022%
1615-6.3%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Maywood, you may be able to get a good deal. 40% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
43 Days26 Days-39.9%

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Maywood, IL

There are 114 homes are for sale in Maywood, IL real estate market. The number of homes for sale in Maywood, IL increased by 5.6% between October 2022 and November 2022. In November 2022, listings were on the market for 26 days. During the same period, the median list price in this real estate market was $242,500. Between October 2022 and November 2022, listing prices of homes in this real estate market have seen the following changes: the cost of 1 bedroom properties went up by 136.8%, the cost of 2 bedrooms properties went down by 0.1%, 3 bedrooms properties prices increased by 11.1%, prices of 4 bedrooms properties increased by 8%, prices of 5 bedrooms properties increased by 2.1%. The following changes in the number of homes for sale were observed in this housing market: 1 bedroom homes inventory did not change, 2 bedrooms homes became 5.3% less available, 3 bedrooms homes inventory increased by 4.5%, 4 bedrooms homes inventory increased by 13.3%, the quantity of 5 bedrooms homes went up by 7.1%. Over 6 listings were sold over their listed price in November 2022 in Maywood, IL. In the same period over 6 listings were sold below the listed price and 3 listings were sold for the listed price.

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