Altos Market Data for Realtors

Olympia Fields, IL 60461

Single-Family Homes

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Olympia Fields, IL 60461

Fri Jul 26 2024
This week the median list price for Olympia Fields, IL 60461 is $385,000 with the market action index hovering around 35. This is an increase over last month's market action index of 34. Inventory has increased to 17. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Olympia Fields, IL 60461

Fri Jul 26 2024
This week the median list price for Olympia Fields, IL 60461 is $385,000 with the market action index hovering around 35. This is an increase over last month's market action index of 34. Inventory has increased to 17. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Olympia Fields market.
Median List Price $385,000
Median Price of New Listings $380,000
Per Square Foot $139
Average Days on Market 94
Median Days on Market 63
Price Decreased 41%
Price Increased 0%
Relisted 12%
Inventory 17
Median Rent
Market Action 35
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
$455,000 3,420 0.5 - 1 acre 4 4 48 2 1 108
$402,350 2,896 0.25 - 0.5 acre 4 2.5 56 0 1 122
$385,000 2,746 0.25 - 0.5 acre 4 2.5 52 1 0 7
$309,900 1,958 0.25 - 0.5 acre 3 2 60 2 2 35