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 November 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

$238,575

$149/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$424(-0.2%)

Key Takeaway

The sold price of homes in Maywood has remained the same since last year.

Summary: The median home sold price in Maywood was $238,575 in November 2024, down 0.2% from last year, and the median price per square foot was $149.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$120K
N/A
2 $155K$170K
+9.7%
3 $230K$227.5K
-1.1%
4 $267K$284.9K
+6.7%
5+ $295.5K$297.5K
+0.7%

Summary: Maywood housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 9.7%, 3 bedroom homes decreased by 1.1%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes increased by 0.7%.

Median Sold Price Compared To Nearby Cities

Forest Park
+23.9%
River Forest Township
+22.7%
River Forest
+22.7%
Proviso Township
+10.5%
Maywood
-0.2%

Housing Supply in Maywood, IL

How many homes are available in Maywood, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
93110+18.3%

Summary: The Maywood real estate market had 110 homes for sale in November 2024, a 18.3% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 1515
0.0%
3 4049
+22.5%
4 2632
+23.1%
5+ 1214
+16.7%

Summary: The Maywood 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 increased by 22.5%, 4 bedroom homes increased by 23.1%, and 5+ bedroom homes increased by 16.7%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1719+11.8%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

8 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. 42.1% of homes here sold above asking price last month.

Summary: A total of 19 homes were sold or pending in Maywood in November 2024, up by 11.8% month-over-month. Of the 19 sold homes, 32% were sold under asking, 26% were sold at asking, and 42% 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

Nov 2023Nov 2024CHANGE
30 Days34 Days+16.2%

Summary: Homes in Maywood had an average of 34 days on market in Nov 2024, up by 16.2% compared to last year.

Breakdown of Home Sale Times

14 Homes Were Sold
Under 30 Days

3 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 November 2024, 19 homes were sold in Maywood; 74% of homes were sold within 30 days, 16% 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 20 Days Ago

Newest Listings in Maywood, IL

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