Is Maywood, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Maywood is a buyer's market

Buyer's
Market

Difference Since October 2023

Since last year, Maywood has remained a Buyer's Market.

Key Takeaway

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

Housing Prices in Maywood, IL

How much do homes in Maywood, IL cost?

Median Sold Price

$245,000

$150/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$10,750(+4.6%)

Key Takeaway

Homes in Maywood have sold for 4.6% more than they did a year ago.

Summary: The median home sold price in Maywood was $245,000 in October 2024, up 4.6% from last year, and the median price per square foot was $150.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$120K
N/A
2 $155K$175K
+12.9%
3 $227.4K$225K
-1.1%
4 $260K$273.7K
+5.3%
5+ $300K$300K
0.0%

Summary: Maywood housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 12.9%, 3 bedroom homes decreased by 1.1%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Forest Park
+16.1%
River Forest Township
+15.7%
River Forest
+15.7%
Proviso Township
+8.9%
Maywood
+4.6%

Housing Supply in Maywood, IL

How many homes are available in Maywood, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
7599+32.0%

Summary: The Maywood real estate market had 99 homes for sale in October 2024, a 32.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 1015
+50.0%
3 3443
+26.5%
4 2327
+17.4%
5+ 814
+75.0%

Summary: The Maywood housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 26.5%, 4 bedroom homes increased by 17.4%, and 5+ bedroom homes increased by 75%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1514-6.7%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

9 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. 64.3% of homes here sold above asking price last month.

Summary: A total of 14 homes were sold or pending in Maywood in October 2024, down by 6.7% month-over-month. Of the 14 sold homes, 29% were sold under asking, 7% were sold at asking, and 64% 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

Oct 2023Oct 2024CHANGE
77 Days25 Days-67.1%

Summary: Homes in Maywood had an average of 25 days on market in Oct 2024, down by 67.1% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

0 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 October 2024, 14 homes were sold in Maywood; 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 20 Days Ago

Newest Listings in Maywood, IL

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