Is Olympia Fields, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Olympia Fields is a buyer's market

Buyer's
Market

Difference Since July 2021

At the same time last year, Olympia Fields was a Seller's Market.

Key Takeaway

Olympia Fields is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

How much do homes in Olympia Fields, IL cost?

Median Sold Price

$315,500

$119/sqft

Based on all homes sold in the last 12 months.

Difference Since July 2021

+$58,500(+22.8%)

Key Takeaway

Homes in Olympia Fields have sold for 22.8% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSJul 2021Jul 2022%
1 --
N/A
2 $190K$200K
+5.3%
3 $225K$260K
+15.6%
4 $294.5K$337.5K
+14.6%
5+ $290K$359K
+23.8%

Median Sold Price Compared To Nearby Cities

Park Forest
+42.1%
Olympia Fields
+22.8%
Rich Township
+14.9%
Chicago Heights
+14.6%
Flossmoor
+12.8%

How many homes are available in Olympia Fields, IL?

Number of Homes For Sale

Jun 2022Jul 2022%
3937-5.1%

Homes For Sale By Bedroom Count

# BEDSJun 2022Jul 2022%
1 00
0.0%
2 99
0.0%
3 1013
+30.0%
4 139
-30.8%
5+ 76
-14.3%

Number of Homes Sold

Jun 2022Jul 2022%
104-60.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Olympia Fields, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Average Sale Time

Jul 2021Jul 2022%
19 Days17 Days-12.5%

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Olympia Fields are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Olympia Fields, IL

Homes for sale in Olympia Fields, IL have reached 37. Between June 2022 and July 2022, Olympia Fields, IL real estate market has seen decrease in the number of listings by 5.1%. While the average time on the market in July 2022 was 17 days, the median list price was $315,500. Between June 2022 and July 2022, listing prices of homes in this real estate market have seen the following changes: prices of 1 bedroom properties increased by 0%, prices of 2 bedrooms properties went up by 5.3%, 3 bedrooms properties prices increased by 15.6%, prices of 4 bedrooms properties increased by 14.6%, prices of 5 bedrooms properties increased by 23.8%. This housing market inventory have changed: 1 bedroom homes inventory did not change, 2 bedrooms homes did not move, volume of 3 bedrooms homes went up by 30%, volume of 4 bedrooms homes went down by 30.8%, 5 bedrooms homes inventory decreased by 14.3%. Olympia Fields, IL housing market in July 2022 saw over 1 listings sold above listed price, more than 2 sold at listed price and over 1 sold below.

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