Is Olympia Fields, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 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
$324,670
$126/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Olympia Fields was $324,670 in March 2024, up 1.5% from last year, and the median price per square foot was $126.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $223.9K | $221K | -1.3% |
3 Bedrooms | $270K | $280K | +3.7% |
4 Bedrooms | $337.5K | $346.6K | +2.7% |
5+ Bedrooms | $379.9K | $480K | +26.3% |
Summary: Olympia Fields housing prices by bedroom type for March 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 3.7%, 4 bedroom homes increased by 2.7%, and 5+ bedroom homes increased by 26.3%.
Median Sold Price Compared To Nearby Cities
Chicago Heights | $170K | $187K | +10.0% |
Olympia Fields | $320K | $324.6K | +1.5% |
Park Forest | $140K | $140K | 0.0% |
Flossmoor | $315K | $312.5K | -0.8% |
Rich Township | $207.3K | $197.6K | -4.7% |
Housing Supply in Olympia Fields, IL
How many homes are available in Olympia Fields, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
18 | 24 | +33.3% |
Summary: The Olympia Fields real estate market had 24 homes for sale in March 2024, a 33.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 0 | -100.0% |
3 Bedrooms | 6 | 5 | -16.7% |
4 Bedrooms | 7 | 16 | +128.6% |
5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The Olympia Fields housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes increased by 128.6%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
5 | 1 | -80.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 1 homes were sold or pending in Olympia Fields in March 2024, down by 80.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
49 Days | 19 Days | -61.6% |
Summary: Homes in Olympia Fields had an average of 19 days on market in Mar 2024, down by 61.6% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 1 homes were sold in Olympia Fields; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.