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Condo Foreclosures in Olympia Fields, IL

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Olympia Fields, IL Foreclosures

How much do homes sell for in Olympia Fields, IL?
The average home price is currently $384,648.
In Olympia Fields, IL, how many homes are available?
There are currently 2,946 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 $20,033,159.
What is currently the cheapest priced home in Olympia Fields, IL?
The cheapest home for sale in Olympia Fields is priced at $28,791.

Living in Olympia Fields, IL

Olympia Fields, Illinois, is a peaceful suburb known for its spacious residential properties and comprehensive amenities. The village is ideal for families and retired individuals seeking a tranquil lifestyle while remaining connected to the vibrant city of Chicago. High-quality schools and local parks contribute to the area's family-friendly atmosphere.

Current Market Conditions in Olympia Fields, IL

Olympia Fields' real estate market has remained stable over recent months, with a moderate increase in property values as demand continues to rise. The well-established neighborhoods, combined with a close-knit community feel, have attracted many buyers looking for homes that offer both space and accessibility to the city. Inventory levels have been relatively low, which has kept the market competitive, particularly for single-family homes.

Currently, Olympia Fields is experiencing a positive trend in market activity, with homes selling at a faster pace compared to previous years. As more buyers seek suburban living in response to changing work environments, homes in this area are seeing a surge in interest, often leading to multiple offers on properties.

Home Value Estimator For Olympia Fields, IL

There are currently 1,897 real estate properties in Olympia Fields, IL, with a median automated valuation model (AVM) price of $342,897.00. 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 $384,648.00, with the most expensive house in Olympia Fields, IL, topping out at $20,033,159.00 and the cheapest home in Olympia Fields, IL, clocking in at $28,791.00. 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.

Olympia Fields, IL Condos


Market Trend for Olympia Fields, IL

Total Listings Available: 2,946

Market Values:

Home Prices from $28,791 to $20,033,159

Average Sales Price: $384,648

Rental Values:

Rental from $1,120 to $3,160

Average Rent Value: $1,937 / month

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