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.
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