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Wednesday, November 27, 2024

Olympia Fields home prices rise in the first half of 2019

Realestate1

The median sale price of a home sold in the first half of 2019 in Olympia Fields rose by $17,250 while total sales increased by 57.5%, according to BlockShopper.com.

From January through June of 2019, there were 63 homes sold, with a median sale price of $197,000 - a 9.6% increase over the $179,750 median sale price for the same period of the previous year. There were 40 homes sold in Olympia Fields in the first half of 2018.

The median sales tax in Olympia Fields for the most recent year with available data, 2018, was $8,230, approximately 4.2% of the median home sale price for the first half of 2019.

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

CityJan. - June 2019 Home SalesJan. - June 2018 Home Sales% change (Total Home Sales)Jan. - June 2019 Median Sales PriceJan. - June 2018 Median Sales Price% change (Median Sales Price)
Forest View990%$200,000$205,000-2.4%
Rolling Meadows162206-21.4%$200,000$198,7500.6%
Burbank1621610.6%$200,000$185,0008.1%
Buffalo Grove144159-9.4%$200,000$200,0000%
Flossmoor1129221.7%$197,500$208,250-5.2%
Olympia Fields634057.5%$197,000$179,7509.6%
Streamwood346383-9.7%$196,750$190,0003.6%
Bridgeview856334.9%$196,000$178,00010.1%
Tinley Park444556-20.1%$195,500$190,0002.9%
Broadview40400%$193,000$179,0007.8%
Hanover Park119121-1.7%$192,500$200,000-3.8%

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