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Featured local agent — Olympia Fields, IL
Sarah Mitchell
Compass Real Estate · Olympia Fields, IL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Olympia Fields, IL Housing Market & Real Estate
Housing market overview · Updated monthly ·
$340,000median sale price
How is the Olympia Fields, IL housing market right now?
The median home sale price in Olympia Fields, IL is $340,000, up 3.8% year-over-year. Homes sell in an average of 142 days with 17 active listings. The market is currently a buyer's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Olympia Fields a buyer's or seller's market?
Olympia Fields, IL is currently a buyer's market, based on 17.0 months of supply and homes selling in about 142 days. How we determine this →
Homes sold
1
Last 12 weeks
Days on market
142
Average pace
Active listings
17
17.0 months supply
Sale-to-list
97.1%
Below asking
What does the Olympia Fields housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $340,000 |
| Median list price | $490,972 |
| Year-over-year price change | +3.8% |
| Average days on market | 142 days |
| Active inventory | 17 listings |
| Months of supply | 17.0 months |
| Sale-to-list price ratio | 97.1% |
| Median price per sq ft | $145/sq ft |
| Homes sold (latest month) | 1 |
| New listings (latest month) | 5 |
| Listings with a price cut | 35.3% |
| Market condition | Buyer's market |
Source: Redfin · Updated monthly
How much do homes cost in Olympia Fields by property type?
How the Olympia Fields, IL market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $340,000 | $145/sq ft | 1 | 142 days |
| Townhouse | $310,000 | $194/sq ft | 1 | 58 days |
Source: Redfin · Updated monthly
The Olympia Fields housing market is currently classified as a buyer's market with a median sale price of $340,000. Prices have risen 3.8% compared to last year, with homes spending an average of 142 days on market, indicating 17.0 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.The price-to-income ratio of 3.2x provides context for how home values compare to local earning capacity.
Homes for sale in Olympia Fields
There are currently 17 homes listed for sale in Olympia Fields, Illinois. The median listing price is $491K.
Active listings
17
Homes on market
Median list price
$491K
Avg. days on market
142
Days until sale
New this week
5
Newly listed
Who lives in Olympia Fields?
Population
4,636
Median income
$107,656/yr
Median age
45 years
Owner-occupied
85.9%
College grads
48.9%
Avg commute
39.9 min
Source: U.S. Census Bureau ACS
What are homes worth in Olympia Fields?
Zillow home value
$347,270
Price-to-income
3.2x
Source: Zillow Research
What is it like to live in Olympia Fields?
Olympia Fields is a community of approximately 5K residents with a median age of 45 years.The median household income is $107,656, which reflects a relatively affluent area with strong earning potential. 48.9% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 85.9%, reflecting strong community stability and long-term resident commitment. The average commute time is 39.9 minutes, which suggests a more suburban or rural location for those willing to commute longer distances.Overall, Olympia Fields offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Olympia Fields?
2 schools tracked · 2,928 students
The largest public schools serving Olympia Fields, IL by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Rich Township High School
Grades 9-12 · 2,396 students
Arcadia Elem School
Grades K-4 · 532 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Olympia Fields, IL?
Want a head-to-head view? Compare Olympia Fields side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Olympia Fields?
The median home sale price in Olympia Fields is $340,000, up 3.8% from last year.
How long do homes stay on market in Olympia Fields?
Homes typically spend 142 days on market before going under contract.
What is the median income in Olympia Fields?
The median household income is $107,656 per year.
Is Olympia Fields a buyer's or seller's market?
With 17.0 months of supply, Olympia Fields is currently a buyer's market.
What is the Zillow home value estimate for Olympia Fields?
The Zillow Home Value Index (ZHVI) for Olympia Fields is $347,270, representing the typical home value in the area.
How much does a single-family home cost in Olympia Fields?
The median single-family home price in Olympia Fields, IL is $340,000 (about $145 per square foot).
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