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Tuesday, December 24, 2024

Olympia Fields home prices rise in the first quarter of 2017

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The median sale price of a home sold in the first quarter of 2017 in Olympia Fields rose by $53,000 while total sales remained unchanged with 21 homes sold, according to BlockShopper.com.

From January through March of 2017, there were 21 homes sold, with a median sale price of $220,000 - a 31.7% increase over the $167,000 median sale price for the same period of the previous year. There were 21 homes sold in Olympia Fields in the first quarter of 2016, as well.

The median sales tax in Olympia Fields for 2017 was $8,060.73. In 2016, the median sales tax was $7,564.90. This marks an increase of 6.6%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 3.7%.

The following table compares Olympia Fields to other Cook County cities with similar median sales prices in the first quarter of 2017:

CityJan. - Mar. 2017 Home SalesJan. - Mar. 2016 Home Sales% change (Total Home Sales)Jan. - Mar. 2017 Median Sales PriceJan. - Mar. 2016 Median Sales Price% change (Median Sales Price)
Elk Grove Village95914.4%$223,000$196,00013.8%
Indian Head Park1722-22.7%$222,500$207,0007.5%
Bartlett59565.4%$222,500$216,5002.8%
Mission Hills Estates550%$222,000$300,000-26%
Hoffman Estates144154-6.5%$221,000$190,25016.2%
Olympia Fields21210%$220,000$167,00031.7%
Brookfield795251.9%$214,000$217,000-1.4%
Bedford Park220%$207,500$137,50050.9%
Flossmoor574042.5%$205,000$150,25036.4%
Berwyn17915217.8%$203,000$157,50028.9%
Palatine26221124.2%$198,000$195,0001.5%

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