Is Maywood, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 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.
The Median Sold Price hasn't changed since March 2023.
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
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $45K | - | N/A |
2 Bedrooms | $175K | $155K | -11.4% |
3 Bedrooms | $249.9K | $220.4K | -11.8% |
4 Bedrooms | $265K | $275K | +3.8% |
5+ Bedrooms | $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 | $285K | $290K | +1.8% |
Maywood | $245K | $245K | 0.0% |
Forest Park | $289.4K | $280.1K | -3.2% |
River Forest Township | $520K | $495K | -4.8% |
River Forest | $520K | $495K | -4.8% |
Housing Supply in Maywood, IL
How many homes are available in Maywood, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
93 | 107 | +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
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 16 | 21 | +31.3% |
3 Bedrooms | 33 | 38 | +15.2% |
4 Bedrooms | 31 | 35 | +12.9% |
5+ Bedrooms | 13 | 13 | 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 2024 | Mar 2024 | CHANGE |
---|---|---|
10 | 21 | +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
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 2023 | Mar 2024 | CHANGE |
---|---|---|
48 Days | 29 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
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.