Crain’s: Maywood Among ‘Most Improved’ Suburban Housing Markets

Thursday, January 31, 2019 || By Local News Curator || @maywoodnews

Featured image: A historic house in Maywood. | YouTube

Crain’s Chicago Business recently reported more positive news for the Maywood housing market.

The village is one of only 27 suburbs — out of at least 185 in Cook, DuPage, Lake and Will Counties for which data was collected — “where year-end data for 2018 shows three key indicators of a real estate market’s health all improved: More homes sold and at a higher median price and with a shorter average time on the market in 2018 than the previous year,” Crain’s reported.

Crain’s analyzed data from Midwest Real Estate Data, the Chicago Association of Realtors and Showing Time 10K in order to compile the list.

“Crain’s analyzed the data on every suburb where at least 25 homes sold during the year,” the publication explained.

Maywood is no stranger to these Crain’s housing lists. Last year, the village was among 31 suburbs in Cook, DuPage, Lake and Will counties where “the housing market showed strong vital signs in the first half of the year.” 

And during the first quarter of 2018, homes sold faster in Maywood than most other Chicago suburbs, Crain’s reported.

To read the full Jan. 31 Crain’s report, click here. VFP

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