Altos Market Data for Realtors

Olympia Fields, IL 60461

Single-Family Homes

Schedule a demo today at AltosResearch.com


Olympia Fields, IL 60461

Tue Oct 15 2024
This week the median list price for Olympia Fields, IL 60461 is $358,500 with the market action index hovering around 42. This is an increase over last month's market action index of 41. Inventory has increased to 22. 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

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

Tue Oct 15 2024
This week the median list price for Olympia Fields, IL 60461 is $358,500 with the market action index hovering around 42. This is an increase over last month's market action index of 41. Inventory has increased to 22. 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

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 $358,500
Median Price of New Listings $312,450
Per Square Foot $139
Average Days on Market 69
Median Days on Market 25
Price Decreased 45%
Price Increased 0%
Relisted 9%
Inventory 22
Median Rent
Market Action 42
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
$539,900 4,821 0.5 - 1 acre 5 4.5 35 2 1 21
$399,000 2,750 0.25 - 0.5 acre 4 2.5 54 0 1 112
$334,950 2,345 0.25 - 0.5 acre 4 2.5 53 1 0 17
$294,900 2,241 0.25 - 0.5 acre 3 2.5 60 3 2 24