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 neutral's market

Buyer's
Market

Difference Since May 2023

At the same time last year, Maple Park was a Buyer's Market.

Key Takeaway

Maple Park is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Maple Park, IL

How much do homes in Maple Park, IL cost?

Median Sold Price

$394,900

$183/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$125,650(+46.7%)

Key Takeaway

Homes in Maple Park have sold for 46.7% more than they did a year ago.

Summary: The median home sold price in Maple Park was $394,900 in May 2024, up 46.7% from last year, and the median price per square foot was $183.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 --
N/A
2 $195.2K$225K
+15.2%
3 $305K$365.9K
+20.0%
4 $352K$434.9K
+23.6%
5+ $393.5K$783.5K
+99.1%

Summary: Maple Park housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 15.2%, 3 bedroom homes increased by 20%, 4 bedroom homes increased by 23.6%, and 5+ bedroom homes increased by 99.1%.

Median Sold Price Compared To Nearby Cities

Virgil Township
+71.6%
Maple Park
+46.7%
Maple Park
+22.9%

Housing Supply in Maple Park, IL

How many homes are available in Maple Park, IL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
1719+11.8%

Summary: The Maple Park real estate market had 19 homes for sale in May 2024, a 11.8% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 11
0.0%
2 44
0.0%
3 65
-16.7%
4 35
+66.7%
5+ 34
+33.3%

Summary: The Maple Park housing inventory by bedroom type for May 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 16.7%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Apr 2024May 2024CHANGE
53-40.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 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, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.

Summary: A total of 3 homes were sold or pending in Maple Park in May 2024, down by 40.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% 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

May 2023May 2024CHANGE
61 Days33 Days-44.8%

Summary: Homes in Maple Park had an average of 33 days on market in May 2024, down by 44.8% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was 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 May 2024, 3 homes were sold in Maple Park; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% 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 1 Day Ago

Newest Listings in Maple Park, IL

Nearby Markets to Maple Park, IL

What housing markets are near Maple Park, IL?