Altos Market Data for Realtors

Olympia Fields, IL 60461

Single-Family Homes

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Olympia Fields, IL 60461

Thu Mar 28 2024
This week the median list price for Olympia Fields, IL 60461 is $382,500 with the market action index hovering around 31. This is less than last month's market action index of 37. Inventory has held steady at or around 12. 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

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

Thu Mar 28 2024
This week the median list price for Olympia Fields, IL 60461 is $382,500 with the market action index hovering around 31. This is less than last month's market action index of 37. Inventory has held steady at or around 12. 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

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 $382,500
Median Price of New Listings $369,950
Per Square Foot $147
Average Days on Market 118
Median Days on Market 70
Price Decreased 17%
Price Increased 0%
Relisted 25%
Inventory 12
Median Rent
Market Action 31
Slight Seller's Advantage

Prices in this zip code seem to have settled around a plateau. Look for a persistent down-shift in the Market Action Index before we see prices deviate 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
$1,050,000 7,273 0.5 - 1 acre 5 5.5 33 0 0 217
$409,700 2,891 0.25 - 0.5 acre 4 2.5 54 1 1 98
$379,000 3,804 0.25 - 0.5 acre 4 3.5 46 2 1 0
$310,000 1,934 0.25 - 0.5 acre 3 2.5 62 1 1 70