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 seller's market

Buyer's
Market

Difference Since December 2023

Since last year, Maple Park has remained a Seller's Market.

Key Takeaway

Maple Park is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Maple Park, IL

How much do homes in Maple Park, IL cost?

Median Sold Price

$355,000

$189/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

-$31,450(-8.1%)

Key Takeaway

Homes in Maple Park have sold for 8.1% less than they did a year ago.

Summary: The median home sold price in Maple Park was $355,000 in December 2024, down 8.1% from last year, and the median price per square foot was $189.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 -$454.1K
N/A
2 $185K$225K
+21.6%
3 $355K$355K
0.0%
4 $430K$370K
-14.0%
5+ $540.9K$766K
+41.6%

Summary: Maple Park housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 21.6%, 3 bedroom homes did not change, 4 bedroom homes decreased by 14%, and 5+ bedroom homes increased by 41.6%.

Median Sold Price Compared To Nearby Cities

Maple Park
0.0%
Maple Park
-8.1%

Housing Supply in Maple Park, IL

How many homes are available in Maple Park, IL?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
1716-5.9%

Summary: The Maple Park real estate market had 16 homes for sale in December 2024, a 5.9% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 11
0.0%
3 78
+14.3%
4 85
-37.5%
5+ 12
+100.0%

Summary: The Maple Park housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 14.3%, 4 bedroom homes decreased by 37.5%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
14+300.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Maple Park, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 4 homes were sold or pending in Maple Park in December 2024, up by 300.0% month-over-month. Of the 4 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% 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

Dec 2023Dec 2024CHANGE
29 Days41 Days+39.3%

Summary: Homes in Maple Park had an average of 41 days on market in Dec 2024, up by 39.3% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

2 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 December 2024, 4 homes were sold in Maple Park; 50% of homes were sold within 30 days, 50% 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 6 Days Ago

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