Altos Market Data for Realtors

Olympia Fields, IL 60461

Single-Family Homes

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Olympia Fields, IL 60461

Sun Dec 22 2024
This week the median list price for Olympia Fields, IL 60461 is $391,850 with the market action index hovering around 36. This is less than last month's market action index of 42. Inventory has increased to 26. Click here to stay informed with the Olympia Fields market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

Market Narrative

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Olympia Fields, IL 60461

Sun Dec 22 2024
This week the median list price for Olympia Fields, IL 60461 is $391,850 with the market action index hovering around 36. This is less than last month's market action index of 42. Inventory has increased to 26. Click here to stay informed with the Olympia Fields market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

Market Narrative

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Olympia Fields market.
Median List Price $391,850
Median Price of New Listings $395,000
Per Square Foot $133
Average Days on Market 106
Median Days on Market 77
Price Decreased 65%
Price Increased 4%
Relisted 31%
Inventory 26
Median Rent
Market Action 36
Slight Seller's Advantage

Again this week we see prices in this zip code remain roughly at the level they’ve been for several weeks. Since we’re significantly below the top of the market, look for a persistent up-shift in the Market Action Index before we see prices move from these levels.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$567,500 4,266 0.25 - 0.5 acre 5 4.3 29 0 0 91
$459,500 3,333 0.25 - 0.5 acre 4 2.8 46 1 0 49
$382,777 2,891 0.25 - 0.5 acre 4 2.5 56 0 0 154
$310,000 2,326 0.25 - 0.5 acre 4 2.5 57 0 0 77