Orland Park, Illinois Housing Market

What stands out in Orland Park?

• 13% of occupied homes are rented: among the lowest renter shares of 763 tracked cities. Most residents own, so the tenant pool is thin. Your exit buyer may be an owner-occupant.
• Listings spend a median 33 days on the market: among the shortest times on market of 763 tracked cities. Few listings sit for long. Have financing ready before you look.
• Against its own 2017–2019, Orland Park leans further toward sellers than most tracked cities: among the strongest sellers’ markets against their own normal of 763 tracked cities. Sellers have unusual pull right now.

Why is Orland Park still competitive?

Orland Park has 54% fewer homes for sale than in 2017–2019 at this time of year, and listings spend a median 33 days on the market, less than in 98% of the 763 cities we track. For every 100 homes still for sale, 56 are under contract. Well-priced homes will draw more than one offer. Your discount is in the listing that has sat, so set a price alert and move when a stale one gets cut.

Are Orland Park price gains broad or limited to a few ZIP codes?

Asking price per square foot in Orland Park is up 8.4% over the last year. Over five years the pace has been 4.8% a year. Underwrite closer to that than to the last twelve months.

What does a shrinking population mean for Orland Park landlords?

The population in Orland Park's ZIP codes fell 1.2% over five years. 4.2% of homes are vacant, lower than most tracked cities. Households still grew 3.3% while the housing stock grew 3.0%. Fewer people living in more households means rental demand has held up better than the population suggests. Check vacancy by ZIP before you buy.

How much can you negotiate in Orland Park?

For every 100 homes still for sale, 56 are under contract. In 2017–2019 at this time of year it was 46. The rest are still waiting for a buyer. Few sellers are dropping their price. Asking prices are holding firm. Your discount will come from one stale listing.

Orland Park listings spend a median 33 days on the market. There are 142 homes for sale in Orland Park. That is 2.2 times the tightest month on record, but below the peak of 386. Supply is steady against last year.

What to do about it

• Get your financing approved before you look.
• Decide your maximum price before you bid.
• Bid the day a good home lists, or hunt the few that have sat 60+ days.
• Walk away when the price passes your number. Another buyer will overpay. Let them.

When do Orland Park prices dip?

Across 9 full years, Orland Park asking prices ran lowest in January, about 2.9% below the year's average. They peaked in August. The most homes for sale show up in August, about 19% above the yearly average. Shop in August for choice, and expect the softest asking prices in January.

Who will rent from you in Orland Park?

Only 13 out of every 100 Orland Park households rent. This is an owners' town. That share has held steady for five years. Renter households average 2.1 people. Singles and couples rent here. Two bedrooms beat four.

The median Orland Park household earns $103,243 a year. Incomes here have grown 2.7% a year since 2019. Home prices have outrun incomes. Locals are being priced out. A typical home costs 4.3 times the median income. That is the national middle. Neither cash flow nor appreciation is free here. At 30% of income, a tenant on the median income can pay about $2,581 a month.

To see what one Orland Park address would rent for and cash flow, run it through the app.

Is now a good time to buy in Orland Park?

The median asking price is 5.3% below its Jun 2024 peak. You are not buying at the top. Prices are rising again. Every month you wait costs money. The question is no longer when. It is which house. Orland Park prices have risen in 95 of the last 112 months. Drops here have been short and shallow. Buying in a slow month has rarely hurt a long hold.

If you plan to sell in the next two years, move it up. This much buyer demand does not last. Right now it does your negotiating for you.

What numbers should you underwrite an Orland Park deal with?

• Price growth to assume — +4.5%/yr. Orland Park has grown about 4.8% a year for five years and for ten. That pace held before and after the 2020–2021 boom, so it is a fair long-run input. Prices rose 8.4% over the last year. Use it for timing. The five-year rate is the better guide.
• Odds you cut your price to sell — 1 in 6. 17% of Orland Park listings have cut their asking price. Underwrite your exit below asking.
• Comp on price per square foot — $216/sqft. The typical Orland Park listing shrank from 2,316 to 2,075 sqft since Jul 2016. So median price hides real growth: 56% per sqft versus 38% on the median. Comp on median price and you will overpay for small homes.

Read how the pending ratio measures demand and how we read these numbers, then run the numbers on a deal.

What is the median home price in Orland Park?

The median asking price in Orland Park is about $443,000 as of Oct 2026, up 5.9% from a year ago. This is the asking price on homes listed for sale. Sites that report sold prices or estimated home values will show a different number. Our Orland Park figures cover the 2 ZIP codes with an Orland Park mailing address, which can reach past city limits.

Is Orland Park a buyer's or seller's market in 2026?

Sellers have more pull in Orland Park than usual. We compare Orland Park with 2017–2019 at this time of year: there are 54% fewer homes for sale; 17% of sellers have cut their price, against 30% then; listings spend 39% fewer days on the market.

Are Orland Park home prices going up or down?

The median asking price is 5.3% below its Jun 2024 peak. You are not buying at the top. Prices are rising again. Every month you wait costs money. The question is no longer when. It is which house.

What is the fair market rent in Orland Park?

HUD's fiscal year 2026 fair market rent for Cook County is $1,781 a month for 2 bedrooms and $2,294 for 3 bedrooms. The figures include tenant-paid utilities and cover the whole county.