$1,305 Closing Credit*
$109,900
1,002 SqFt
2 Beds
•1 Full Bath
Listing Office: RE/MAX Alliance
Is Mount Olive, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Mount Olive was a Seller's Market.
Key Takeaway
Mount Olive is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Mount Olive, IL
How much do homes in Mount Olive, IL cost?
Median Sold Price
$143,000
$96/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$21,500(+17.7%)
Key Takeaway
Homes in Mount Olive have sold for 17.7% more than they did a year ago.
Summary: The median home sold price in Mount Olive was $143,000 in October 2024, up 17.7% from last year, and the median price per square foot was $96.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $99.5K | - | N/A |
| 2 Bedrooms | $103.7K | $94.9K | -8.5% |
| 3 Bedrooms | $130.5K | $159K | +21.8% |
| 4 Bedrooms | $301.2K | $174.5K | -42.1% |
| 5+ Bedrooms | $152K | - | N/A |
Summary: Mount Olive housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 8.5%, 3 bedroom homes increased by 21.8%, 4 bedroom homes decreased by 42.1%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Mount Olive | $121.5K | $143K | +17.7% |
| Mount Olive Township | $120K | $130K | +8.3% |
Housing Supply in Mount Olive, IL
How many homes are available in Mount Olive, IL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 7 | +16.7% |
Summary: The Mount Olive real estate market had 7 homes for sale in October 2024, a 16.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 2 | 4 | +100.0% |
| 4 Bedrooms | 2 | 1 | -50.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Mount Olive housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 100%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 1 | -75.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mount Olive, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Mount Olive in October 2024, down by 75.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Mount Olive, IL
How long does it take to sell a home in Mount Olive, IL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 104 Days | 96 Days | -8.0% |
Summary: Homes in Mount Olive had an average of 96 days on market in Oct 2024, down by 8% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Most homes in Mount Olive are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 1 homes were sold in Mount Olive; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.
Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.