Home Values

Olympia Fields Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$212,900

  • 17.2% 1-year change
  • 5.2% 1-year forecast

The median home value in Olympia Fields is $212,900. Olympia Fields home values have gone up 17.2% over the past year and Zillow predicts they will rise 5.2% within the next year. The median list price per square foot in Olympia Fields is $80, which is lower than the Chicago Metro average of $131. The median price of homes currently listed in Olympia Fields is $175,598 while the median price of homes that sold is $439,000. The median rent price in Olympia Fields is $2,050, which is higher than the Chicago Metro median of $1,579.

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Olympia Fields is 11.6%, which is higher than the national value of 6.4%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Olympia Fields homeowners underwater on their mortgage is 31.3%, which is higher than Chicago Metro at 25.3%.

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Relative ZHVI
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Olympia Fields Market Overview

Data through Nov 30, 2014
  • $212,900 ZHVI
  • 5.2% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Nov 30, 2015)
  • $175,598 Median listing price
  • No recent data Median sale price
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Olympia Fields Market Health

Data through Nov 30, 2014
  • 2.9/10 Less healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
  • No data Average days on Zillow
  • 31.3% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 11.6% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)
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Nearby Cities

Name Median ZHVI
Flossmoor $207,800
Matteson $138,000
Homewood $132,800
Name Median ZHVI
Richton Park $114,700
Country Club Hills $108,900
East Hazel Crest $91,700
Name Median ZHVI
Hazel Crest $89,400
Chicago Heights $86,800
Park Forest $75,900

Listings & Sales

Data through Nov 30, 2014
  • $80 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • No data Listings with price cut
26.7%
Sold below listing
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Olympia Fields Rentals

Data through Nov 30, 2014
  • Zillow Rent Index

  • $1,863 Olympia Fields
    $1,636 Chicago Metro
    $1,342 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 2.3 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • No recent data Rent list price
  • No recent data Rent list price / sq ft
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