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 March 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.

The Median Sold Price hasn't changed since March 2023.

Key Takeaway

The sold price of homes in Maywood has remained the same since last year.

Summary: The median home sold price in Maywood was $245,000 in March 2024, the same as last year, and the median price per square foot was $148.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $45K-
N/A
2 $175K$155K
-11.4%
3 $249.9K$220.4K
-11.8%
4 $265K$275K
+3.8%
5+ $290K$300K
+3.4%

Summary: Maywood housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 11.4%, 3 bedroom homes decreased by 11.8%, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes increased by 3.4%.

Median Sold Price Compared To Nearby Cities

Proviso Township
+1.8%
Maywood
0.0%
Forest Park
-3.2%
River Forest Township
-4.8%
River Forest
-4.8%

Housing Supply in Maywood, IL

How many homes are available in Maywood, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
93107+15.1%

Summary: The Maywood real estate market had 107 homes for sale in March 2024, a 15.1% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 1621
+31.3%
3 3338
+15.2%
4 3135
+12.9%
5+ 1313
0.0%

Summary: The Maywood housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 31.3%, 3 bedroom homes increased by 15.2%, 4 bedroom homes increased by 12.9%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
1021+110.0%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

8 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. 52.4% of homes here sold below asking price last month.

Summary: A total of 21 homes were sold or pending in Maywood in March 2024, up by 110.0% month-over-month. Of the 21 sold homes, 52% were sold under asking, 10% were sold at asking, and 38% 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

Mar 2023Mar 2024CHANGE
48 Days29 Days-38.7%

Summary: Homes in Maywood had an average of 29 days on market in Mar 2024, down by 38.7% compared to last year.

Breakdown of Home Sale Times

14 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

2 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 March 2024, 21 homes were sold in Maywood; 67% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 10% 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 24 Days Ago

Newest Listings in Maywood, IL

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