As popular a village as Orland Park is, the current economy has hit this lively southwest suburb the same as most others. Prices continue to decline and that started in 2007 for single family Orland Park homes. Orland Park condos and townhomes have shown a decline since the first year I have data for, which is 2006.
There is a bit of positive news. There was a 2.2% increase in the amount of Orland Park homes for sale and a much larger increase of 21% for Orland Park townhomes and condos sold.
Orland Park is one of the highest priced towns in the southwest suburbs I work in with an average sales price of $345,465 in 2009 for single family Orland Park homes. The highest price posted in the data I have was an average of $422,090 in 2006.
The average sales price for Orland Park condos and townhomes in 2009 was $194,820. The highest price I am seeing was an average of $231,573 in 2005.
Many sellers cannot accept this reality and their homes sit on the market for a very long time, sometimes years. This is factual data taken from The Mainstreet Association of REALTORS and the Northern IL MLS service.
To view the data from 2005-2009 click Orland Park Real Estate Sales Statistics.
If you're looking for any kind of residential Orland Park real estate give Judy Orr a call at 708-536-8200. Classic Realty Group's main office is located in Orland Park. Feel free to contact me.