Is Maywood, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 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
$146/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Maywood was $245,000 in April 2024, up 2.1% from last year, and the median price per square foot was $146.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $187.4K | $157K | -16.2% |
3 Bedrooms | $249.4K | $220.4K | -11.6% |
4 Bedrooms | $240K | $286.5K | +19.4% |
5+ Bedrooms | $290K | $300K | +3.4% |
Summary: Maywood housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 16.2%, 3 bedroom homes decreased by 11.6%, 4 bedroom homes increased by 19.4%, and 5+ bedroom homes increased by 3.4%.
Median Sold Price Compared To Nearby Cities
Proviso Township | $284.9K | $295K | +3.5% |
Forest Park | $285K | $291.6K | +2.3% |
Maywood | $240K | $245K | +2.1% |
River Forest Township | $503K | $497K | -1.2% |
River Forest | $503K | $497K | -1.2% |
Housing Supply in Maywood, IL
How many homes are available in Maywood, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
93 | 106 | +14.0% |
Summary: The Maywood real estate market had 106 homes for sale in April 2024, a 14.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 16 | 22 | +37.5% |
3 Bedrooms | 34 | 40 | +17.6% |
4 Bedrooms | 32 | 30 | -6.3% |
5+ Bedrooms | 11 | 13 | +18.2% |
Summary: The Maywood housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 37.5%, 3 bedroom homes increased by 17.6%, 4 bedroom homes decreased by 6.3%, and 5+ bedroom homes increased by 18.2%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
24 | 18 | -25.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
11 Homes Were Sold
Over Asking
Summary: A total of 18 homes were sold or pending in Maywood in April 2024, down by 25.0% month-over-month. Of the 17 sold homes, 29% were sold under asking, 6% were sold at asking, and 65% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
45 Days | 43 Days | -5.2% |
Summary: Homes in Maywood had an average of 43 days on market in Apr 2024, down by 5.2% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 18 homes were sold in Maywood; 50% of homes were sold within 30 days, 39% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.