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 April 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

$146/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$5,000(+2.1%)

Key Takeaway

Homes in Maywood have sold for 2.1% more than they did a year ago.

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

# BEDSApr 2023Apr 2024CHANGE
1 --
N/A
2 $187.4K$157K
-16.2%
3 $249.4K$220.4K
-11.6%
4 $240K$286.5K
+19.4%
5+ $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
+3.5%
Forest Park
+2.3%
Maywood
+2.1%
River Forest Township
-1.2%
River Forest
-1.2%

Housing Supply in Maywood, IL

How many homes are available in Maywood, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
93106+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

# BEDSMar 2024Apr 2024CHANGE
1 01
+100.0%
2 1622
+37.5%
3 3440
+17.6%
4 3230
-6.3%
5+ 1113
+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 2024Apr 2024CHANGE
2418-25.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

11 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Maywood, you could pay more than the asking price. 64.7% of homes here sold above asking price last month.

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 2023Apr 2024CHANGE
45 Days43 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in Maywood are selling fast, if you're buying plan to act quickly.

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.

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

Report Updated 14 Days Ago

Newest Listings in Maywood, IL

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