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Maywood, Illinois 60153
Maywood is a village located approximately 11 miles west of the Chicago "Loop" in suburban Cook County, Illinois. As of the 2000 census, the village had a total population of 26,987.
The village's municipal neighbors include Melrose Park to the north, River Forest & Forest Park to the east, Broadview to the south, and Bellwood to the west.
According to the Northern Illinois MLS there were 145 sales of single family detached homes in 2007. Volume was down -49.73% from the 241 sales closed in 2006. The average sales price for 2007 was $172,998.00, this is a decline from the 2006 average of $179,677.00. Marketing times were an average of 121 days on the market, up +47.56% from the 2006 average of 82 days.
As of January 19,2008 there are 202 active listings of single family detached homes in the MLS. At the 2007 level of absorption of 12.08 sales per month, this is 16.72 months of unsold available inventory. A 3-4 months supply of inventory is considered "in balance", this level is an oversupply. The current listings have already been on the market for an average of 156 days.
The neighborhood is being negatively affected by recent curbs on subprime lending. Prices of single family homes have already declined -3.71%, marketing times have increased and there is a huge oversupply of unsold homes. To clear all this unsold inventory expect asking prices to decline in the spring market.
If you have an active listing or need to sell in 2008 now is the time to get an appraisal. The market has changed and only the most competitively priced homes will be selling soon.
Make sure that your listing is competitive, get a current appraisal. Complete appraisals of single family homes and condominiums start at $275.00. this is a small price to pay for knowledge that will help you position your house to sell in the current market.
Citywide Services provides residential appraisal service in Maywood, Il. 60153. Our appraisers are state certified and have experience with single family homes, town houses, condominiums as well as small residential income properties. For all your Cook County appraisal needs contact Citywide.
To order an appraisal or to speak with an appraiser call 1-800-405-9718
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Maywood Village Website
Geographic Area: Maywood, Cook County Illinois 60153
| Subject |
Number |
Percent |
|
Subject |
Number |
Percent |
|
| Total housing units |
3,363 |
100.0 |
|
OCCUPANTS PER ROOM |
|
|
| UNITS IN STRUCTURE |
|
|
|
Occupied housing units |
3,220 |
100.0 |
| 1-unit, detached |
2,204 |
65.5 |
|
1.00 or less |
3,099 |
96.2 |
| 1-unit, attached |
66 |
2.0 |
|
1.01 to 1.50 |
69 |
2.1 |
| 2 units |
43 |
1.3 |
|
1.51 or more |
52 |
1.6 |
| 3 or 4 units |
187 |
5.6 |
|
|
|
|
| 5 to 9 units |
633 |
18.8 |
|
Specified owner-occupied units |
2,042 |
100.0 |
| 10 to 19 units |
130 |
3.9 |
|
VALUE |
|
|
| 20 or more units |
93 |
2.8 |
|
Less than $50,000 |
37 |
1.8 |
| Mobile home |
7 |
0.2 |
|
$50,000 to $99,999 |
361 |
17.7 |
| Boat, RV, van, etc. |
0 |
0.0 |
|
$100,000 to $149,999 |
1,377 |
67.4 |
| |
|
|
|
$150,000 to $199,000 |
238 |
11.7 |
| YEAR STRUCTURE BUILT |
|
|
|
$200,000 to $299,999 |
29 |
1.4 |
| 1999 to March 2000 |
0 |
0.0 |
|
$300,000 to $499,999 |
0 |
0.0 |
| 1995 to 1998 |
27 |
0.8 |
|
$500,000 to $999,999 |
0 |
0.0 |
| 1990 to 1994 |
21 |
0.6 |
|
$1,000,000 or more |
0 |
0.0 |
| 1980 to 1989 |
100 |
3.0 |
|
Median (dollars) |
122,600 |
(X) |
| 1970 to 1979 |
284 |
8.4 |
|
|
|
|
| 1960 to 1969 |
623 |
18.5 |
|
MORTGAGE STATUS AND SELECTED |
|
|
| 1940 to 1959 |
2,073 |
61.6 |
|
MONTHLY OWNER COSTS |
|
|
| 1939 or earlier |
235 |
7.0 |
|
With a mortgage |
1,566 |
76.7 |
| |
|
|
|
Less than $300 |
0 |
0.0 |
| ROOMS |
|
|
|
$300 to $499 |
41 |
2.0 |
| 1 room |
48 |
1.4 |
|
$500 to $699 |
104 |
5.1 |
| 2 rooms |
108 |
3.2 |
|
$700 to $999 |
442 |
21.6 |
| 3 rooms |
437 |
13.0 |
|
$1,000 to $1,499 |
744 |
36.4 |
| 4 rooms |
524 |
15.6 |
|
$1,500 to $1,999 |
195 |
9.5 |
| 5 rooms |
864 |
25.7 |
|
$2,000 or more |
40 |
2.0 |
| 6 rooms |
746 |
22.2 |
|
Median (dollars) |
1,119 |
(X) |
| 7 rooms |
335 |
10.0 |
|
Not mortgaged |
476 |
23.3 |
| 8 rooms |
215 |
6.4 |
|
Median (dollars) |
337 |
(X) |
| 9 or more rooms |
86 |
2.6 |
|
|
|
|
| Median (rooms) |
5.2 |
(X) |
|
SELECTED MONTHLY OWNER COSTS |
|
|
| |
|
|
|
AS A PERCENTAGE OF HOUSEHOLD |
|
|
| Occupied Housing Units |
3,220 |
100.0 |
|
INCOME IN 1999 |
|
|
| YEAR HOUSEHOLDER MOVED INTO UNIT |
|
|
|
Less than 15 percent |
670 |
32.8 |
| 1999 to March 2000 |
487 |
15.1 |
|
15 to 19 percent |
295 |
14.4 |
| 1995 to 1998 |
951 |
29.5 |
|
20 to 24 percent |
296 |
14.5 |
| 1990 to 1994 |
395 |
12.3 |
|
25 to 29 percent |
268 |
13.1 |
| 1980 to 1989 |
584 |
18.1 |
|
30 to 34 percent |
121 |
5.9 |
| 1970 to 1979 |
455 |
14.1 |
|
35 percent or more |
348 |
17.0 |
| 1969 or earlier |
348 |
10.8 |
|
Not computed |
44 |
2.2 |
| |
|
|
|
|
|
|
| VEHICLES AVAILABLE |
|
|
|
Specified renter-occupied units |
972 |
100.0 |
| None |
401 |
12.5 |
|
GROSS RENT |
|
|
| 1 |
1,364 |
42.4 |
|
Less than $200 |
26 |
2.7 |
| 2 |
1,074 |
33.4 |
|
$200 to $299 |
0 |
0.0 |
| 3 or more |
381 |
11.8 |
|
$300 to $499 |
100 |
10.3 |
| |
|
|
|
$500 to $749 |
666 |
68.5 |
| HOUSE HEATING FUEL |
|
|
|
$750 to $999 |
133 |
13.7 |
| Utility Gas |
2,848 |
88.4 |
|
$1,000 to $1,499 |
47 |
4.8 |
| Bottled, Tank, or LP gas |
25 |
0.8 |
|
$1,500 or more |
0 |
0.0 |
| Electricity |
327 |
10.2 |
|
No cash rent |
0 |
0.0 |
| Fuel oil, kerosene, etc. |
7 |
0.2 |
|
Median (dollars) |
635 |
(X) |
| Coal or coke |
0 |
0.0 |
|
|
|
|
| Wood |
0 |
0.0 |
|
GROSS RENT AS A PERCENTAGE OF |
|
|
| Solar energy |
0 |
0.0 |
|
HOUSEHOLD INCOME IN 1999 |
|
|
| Other fuel |
0 |
0.0 |
|
Less than 15 percent |
195 |
20.1 |
| No fuel used |
13 |
0.4 |
|
15 to 19 percent |
185 |
19.0 |
| |
|
|
|
20 to 24 percent |
137 |
14.1 |
| SELECTED CHARACTERISTICS |
|
|
|
25 to 29 percent |
112 |
11.5 |
| Lacking complete plumbing facilities |
0 |
0.0 |
|
30 to 34 percent |
61 |
6.3 |
| Lacking complete kitchen facilities |
0 |
0.0 |
|
35 percent or more |
269 |
27.7 |
| No telephone service |
30 |
0.9 |
|
Not computed |
13 |
1.3 |
| |
| -Represent zero or rounds to zero. (X) Not applicable. |
| Source: U.S. Bureau of the Census, Census 2000. |
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