Is Maple Park, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Maple Park is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, Maple Park was a Neutral Market.

Key Takeaway

Maple Park is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Maple Park, IL

How much do homes in Maple Park, IL cost?

Median Sold Price

$325,000

$223/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$40,100(+14.1%)

Key Takeaway

Homes in Maple Park have sold for 14.1% more than they did a month ago.

Summary: The median home sold price in Maple Park was $325,000 in November 2024, up 14.1% from last month, and the median price per square foot was $223.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 --
N/A
3 $284.9K-
N/A
4 -$325K
N/A
5+ --
N/A

Summary: Maple Park housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Maple Park, IL

How many homes are available in Maple Park, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
14140.0%

Summary: The Maple Park real estate market had 14 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 11
0.0%
3 54
-20.0%
4 67
+16.7%
5+ 22
0.0%

Summary: The Maple Park housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 20%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
21-50.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Maple Park, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Maple Park in November 2024, down by 50.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Maple Park, IL

How long does it take to sell a home in Maple Park, IL?

Average Sale Time

Oct 2024Nov 2024CHANGE
8 Days5 Days-41.2%

Summary: Homes in Maple Park had an average of 5 days on market in Nov 2024, down by 41.2% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 1 homes were sold in Maple Park; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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 17 Days Ago

Newest Listings in Maple Park, IL

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What housing markets are near Maple Park, IL?