Is Maple Park, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Maple Park was a Buyer's Market.
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
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
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $195.2K | $225K | +15.2% |
3 Bedrooms | $305K | $365.9K | +20.0% |
4 Bedrooms | $352K | $434.9K | +23.6% |
5+ Bedrooms | $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 | $204K | $350K | +71.6% |
Maple Park | $269.2K | $394.9K | +46.7% |
Maple Park | $285.5K | $351K | +22.9% |
Housing Supply in Maple Park, IL
How many homes are available in Maple Park, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
17 | 19 | +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
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 4 | 4 | 0.0% |
3 Bedrooms | 6 | 5 | -16.7% |
4 Bedrooms | 3 | 5 | +66.7% |
5+ Bedrooms | 3 | 4 | +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 2024 | May 2024 | CHANGE |
---|---|---|
5 | 3 | -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
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 2023 | May 2024 | CHANGE |
---|---|---|
61 Days | 33 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
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.