Trending Home Prices in Maple Park IL for February 2017

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What have home prices been doing in Maple Park this year?

Median home prices in Maple Park IL continue a slow climb since October of last year.  We’re currently seeing a median list price of $261,200.  The chart below is a good comparison of median list prices vs. median sales prices in Maple Park IL over the last 12 months.  As you can see, home buyers and sellers are fairly aligned.  Recently we have seen things normalizing even more.

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Are home prices in Maple Park IL going up or down?

Home prices in Maple Park jumped 27.4% in February compared to January.  The median sales price right now is $237,500.  Comparing this year-over-year we see an 18.2% increase in sales price!  You have to take this with a grain of salt as the volume of home sales are low in this community.  Maple Park homes are appreciating for sure though.

Is Maple Park in a buyers or sellers market right now?

Inventory of homes for sale in Maple Park is at 4.2 months.  Anything between 3-6 months could be considered a stable market so we’re right in the middle of that.  Inventory below 3 months puts us in a sellers market where prices can rise and market times fall.  Over 6 months and a buyers market takes over resulting in lower prices and longer market times.

What types of homes are for sale in Maple Park right now?

A lot of Maple Park homeowners may be concerned about foreclosures and short sales dragging down the market.  Actually, we’ve seen the numbers of bank-owned and distressed properties disappear in Maple Park.  In February, almost 96% of homes for sale were traditional sales.  There was 1 foreclosure on the market.  There have not been any short sales in Maple Park since June 2015.  Home prices in Maple Park IL are not being affected by these factors.

How long is it taking to sell a home in Maple Park right now?

The median market time for a home in Maple Park is at 84 days.  This is up since last year.  Remember, with the low volume of home sales in this community, these numbers can greatly fluctuate.

Want a rough idea of your home’s current value?

Fill out the form below to view an online analysis of your Maple Park IL home price.  While not as accurate as meeting with us in person, it can help you determine if selling your Maple Park home makes sense right now.

Looking for something more accurate?

The Kombrink Lobrillo Team at RE/MAX All Pro takes a very analytical approach to pricing your home.  Using a process similar to that of an actual home appraiser, our in-depth analysis produces a pricing strategy to get your home sold for top dollar in the least amount of time.  Combine that with our top notch marketing strategy and we’ll help you realize your real estate goals before you know it.

Contact our Maple Park Listing Specialist, Matt Kombrink, today to arrange for a complimentary home pricing analysis of your home.  Matt can be reached at 630-488-3300.