Is Olympia Fields, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Olympia Fields was a Seller's Market.
Housing Prices in Olympia Fields, IL
How much do homes in Olympia Fields, IL cost?
Median Sold Price
$322,335
$127/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Olympia Fields was $322,335 in April 2024, up 0.3% from last year, and the median price per square foot was $127.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $223.9K | $221K | -1.3% |
3 Bedrooms | $270.4K | $287.5K | +6.3% |
4 Bedrooms | $335K | $339K | +1.2% |
5+ Bedrooms | $392.4K | $482.5K | +23.0% |
Summary: Olympia Fields housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 1.3%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 1.2%, and 5+ bedroom homes increased by 23%.
Median Sold Price Compared To Nearby Cities
Chicago Heights | $171.9K | $185.3K | +7.8% |
Olympia Fields | $321.2K | $322.3K | 0.3% |
Park Forest | $140.1K | $140.5K | 0.3% |
Flossmoor | $315K | $315K | 0.0% |
Rich Township | $209.9K | $195K | -7.1% |
Housing Supply in Olympia Fields, IL
How many homes are available in Olympia Fields, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
21 | 27 | +28.6% |
Summary: The Olympia Fields real estate market had 27 homes for sale in April 2024, a 28.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 1 | +100.0% |
3 Bedrooms | 4 | 5 | +25.0% |
4 Bedrooms | 15 | 17 | +13.3% |
5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The Olympia Fields housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 13.3%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
1 | 4 | +300.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Olympia Fields in April 2024, up by 300.0% month-over-month. Of the 4 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.
Days on Market for Olympia Fields, IL
How long does it take to sell a home in Olympia Fields, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
28 Days | 37 Days | +33.0% |
Summary: Homes in Olympia Fields had an average of 37 days on market in Apr 2024, up by 33% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 4 homes were sold in Olympia Fields; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.