Olympia Fields, IL Foreclosures
How much do homes sell for in Olympia Fields, IL?
The average home price is currently $381,265.
In Olympia Fields, IL, how many homes are available?
There are currently 68 active home listings available in Olympia Fields.
What’s the average rental cost in Olympia Fields, IL?
The average rental price in Olympia Fields is $1,937.
What is the most expensive home in Olympia Fields?
The most expensive home sold in Olympia Fields had a price of $19,836,918.
What is currently the cheapest priced home in Olympia Fields, IL?
The cheapest home for sale in Olympia Fields is priced at $28,552.
Living in Olympia Fields, IL
Olympia Fields is a picturesque suburb situated 30 miles south of Chicago, offering residents a peaceful life with vibrant community amenities. The area features sprawling parks, quality schools, and a strong sense of community, making it ideal for families and those seeking tranquility. With excellent transport links to Chicago, Olympia Fields combines suburbia with urban accessibility.
Current Market Conditions in Olympia Fields, IL
The real estate market in Olympia Fields has shown a steady growth trend over the past year, with home values appreciating at a commendable rate. The area has become increasingly popular due to its family-friendly atmosphere and green spaces. The demand for homes, especially single-family residences, remains robust, attributed to buyers seeking more space and quality neighborhoods.
Currently, the market is balanced with a mix of buyers and sellers. Although inventory levels have dipped slightly, homes that are well-maintained and priced attractively continue to receive multiple offers, which indicates a healthy competitive environment. With continued interest in suburban living, Olympia Fields is expected to maintain its upward trajectory.
Home Value Estimator For Olympia Fields, IL
There are currently 1,898 real estate properties
in Olympia Fields, IL,
with a median automated valuation model (AVM) price
of $340,802.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Olympia Fields, IL, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Olympia Fields, IL,
is $381,265.00, with the most expensive house
in Olympia Fields, IL, topping out
at $19,836,918.00 and the cheapest home
in Olympia Fields, IL,
clocking in at $28,552.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Olympia Fields, IL!
Rent Prices
In Olympia Fields, IL
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Olympia Fields, IL, is on
a rollercoaster ride. The
average rent price in Olympia Fields, IL,
is $1,937.00. Indeed, when looking to rent in
Olympia Fields, IL, you can expect to pay as little
as $1,120.00 or as much
as $3,160.00,
with the average rent median estimated to
be $1,930.00. The good news is that finding
an affordable and desirable property to rent in Olympia Fields, IL
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
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