Falling prices, affordable homes in Maywood

1244 S 18th Ave, Maywood, IL

Over the past four years the median price of homes in Maywood has plummeted by fifty percent, from nearly $200,000 to just shy of $100,000.

Maywood's attractions include its close-to-the-city location, the easy access it affords to the Eisenhower Expressway, its increasingly affordable housing stock and, for some, its status as a predominantly African-American community.

As you can see from the above picture, the 4-bedroom 2-bath bungalow at 1244 S 18th Ave has been on the market since a wintry day in January. Originally listed at $150,000 it's now offered as a "short sale" at $90,000.

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