Is Maywood, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 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 June 2023
Summary: The median home sold price in Maywood was $245,000 in June 2024, up 6.5% from last year, and the median price per square foot was $148.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $157K | $160K | +1.9% |
3 Bedrooms | $229.9K | $220K | -4.3% |
4 Bedrooms | $260K | $296.2K | +13.9% |
5+ Bedrooms | $289.5K | $331K | +14.3% |
Summary: Maywood housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 1.9%, 3 bedroom homes decreased by 4.3%, 4 bedroom homes increased by 13.9%, and 5+ bedroom homes increased by 14.3%.
Median Sold Price Compared To Nearby Cities
River Forest Township | $482K | $560K | +16.2% |
River Forest | $482K | $560K | +16.2% |
Forest Park | $260K | $300.6K | +15.6% |
Maywood | $230K | $245K | +6.5% |
Proviso Township | $283.2K | $300K | +5.9% |
Housing Supply in Maywood, IL
How many homes are available in Maywood, IL?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
93 | 83 | -10.8% |
Summary: The Maywood real estate market had 83 homes for sale in June 2024, a 10.8% decrease compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 20 | 17 | -15.0% |
3 Bedrooms | 36 | 33 | -8.3% |
4 Bedrooms | 24 | 24 | 0.0% |
5+ Bedrooms | 12 | 8 | -33.3% |
Summary: The Maywood housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 15%, 3 bedroom homes decreased by 8.3%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
24 | 19 | -20.8% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 19 homes were sold or pending in Maywood in June 2024, down by 20.8% month-over-month. Of the 19 sold homes, 21% were sold under asking, 26% were sold at asking, and 53% 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
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
35 Days | 51 Days | +45.4% |
Summary: Homes in Maywood had an average of 51 days on market in Jun 2024, up by 45.4% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During June 2024, 19 homes were sold in Maywood; 63% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.