Altos Market Data for Realtors

Olympia Fields, IL 60461

Single-Family Homes

Schedule a demo today at AltosResearch.com


Olympia Fields, IL 60461

Thu Feb 13 2025
This week the median list price for Olympia Fields, IL 60461 is $395,000 with the market action index hovering around 35. This is less than last month's market action index of 36. Inventory has decreased to 15. 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 have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to 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 Feb 13 2025
This week the median list price for Olympia Fields, IL 60461 is $395,000 with the market action index hovering around 35. This is less than last month's market action index of 36. Inventory has decreased to 15. 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 have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to 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 $395,000
Median Price of New Listings $375,000
Per Square Foot $138
Average Days on Market 149
Median Days on Market 112
Price Decreased 40%
Price Increased 0%
Relisted 33%
Inventory 15
Median Rent
Market Action 35
Slight Seller's Advantage

In the last few weeks we’ve seen prices in this zip code bouncing around this 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
$550,000 4,176 1 - 2.5 acres 5 3.5 46 0 0 105
$449,500 3,605 0.25 - 0.5 acre 5 4 45 0 0 105
$389,850 2,409 0.5 - 1 acre 3 2.5 63 1 0 189
$308,000 1,854 0.25 - 0.5 acre 3 2 64 0 1 105