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Wednesday, November 27, 2024

Olympia Fields home prices fall in the second quarter of 2019

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The median sale price of a home sold in the second quarter of 2019 in Olympia Fields fell by $5,000 while total sales increased by 100%, according to BlockShopper.com.

From April through June of 2019, there were 40 homes sold, with a median sale price of $200,000 - a 2.4% decrease over the $205,000 median sale price for the same period of the previous year. There were 20 homes sold in Olympia Fields in the second quarter of 2018.

The median sales tax in Olympia Fields for the most recent year with available data, 2018, was $8,230, approximately 4.1% of the median home sale price for the second quarter of 2019.

The following table compares Olympia Fields to other Cook County cities with similar median sales prices in the second quarter of 2019:

CityApr. - June 2019 Home SalesApr. - June 2018 Home Sales% change (Total Home Sales)Apr. - June 2019 Median Sales PriceApr. - June 2018 Median Sales Price% change (Median Sales Price)
Tinley Park286358-20.1%$202,500$200,0001.3%
Burbank1101027.8%$202,000$183,50010.1%
Franklin Park776028.3%$201,000$210,750-4.6%
Streamwood228247-7.7%$201,000$190,5005.5%
Forest View660%$200,000$207,107-3.4%
Olympia Fields4020100%$200,000$205,000-2.4%
Elmhurst10-$200,000$0-
Broadview27258%$197,000$180,5009.1%
Cicero118142-16.9%$195,250$169,00015.5%
Bridgeview493732.4%$195,000$178,0009.6%
Oak Forest154155-0.6%$195,000$187,0004.3%

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