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Maywood home prices rise in February 2017

Real Estate

By West Cook News | Mar 7, 2017

Re 11

The median sale price of a home sold in February 2017 in Maywood rose by $42,250 while total sales remained unchanged with 16 homes sold, according to BlockShopper.com.

In February 2017, there were 16 homes sold, with a median sale price of $94,500 - a 80.9% increase over the $52,250 median sale price for the same period of the previous year. There were 16 homes sold in Maywood in February 2016, as well.

The median sales tax in Maywood for 2017 was $4,951. In 2016, the median sales tax was $4,528. This marks an increase of 9.3%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 5.2%.

The following table compares Maywood to other Cook County cities with similar median sales prices in February 2017:

City
Feb. 2017 Home Sales
Feb. 2016 Home Sales
% change (Total Home Sales)
Feb. 2017 Median Sales Price
Feb. 2016 Median Sales Price
% change (Median Sales Price)
Hillside
10
9
11.1%
$102,750
$105,000
-2.1%
Crestwood
17
11
54.5%
$102,000
$82,000
24.4%
Chicago Ridge
18
13
38.5%
$98,500
$125,000
-21.2%
Richton Park
15
14
7.1%
$97,500
$54,000
80.6%
Matteson
20
19
5.3%
$97,000
$130,000
-25.4%
Maywood
16
16
0%
$94,500
$52,250
80.9%
Forest Park
13
17
-23.5%
$89,000
$126,500
-29.6%
Lansing
42
33
27.3%
$77,500
$80,500
-3.7%
Country Club Hills
18
24
-25%
$71,000
$104,500
-32.1%
Hometown
4
6
-33.3%
$68,500
$61,750
10.9%
Hazel Crest
20
13
53.8%
$68,500
$80,000
-14.4%

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