$356 Closing Credit*
$30,000
2 Beds
•1 Full Bath
Listing Office: Cisler & Assoc Real Estate
Is Mount Olive Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Mount Olive Township was a Seller's Market.
Key Takeaway
Mount Olive Township 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 Township, IL
How much do homes in Mount Olive Township, IL cost?
Median Sold Price
$127,500
$95/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$7,500(+6.3%)
Key Takeaway
Homes in Mount Olive Township have sold for 6.3% more than they did a year ago.
Summary: The median home sold price in Mount Olive Township was $127,500 in November 2024, up 6.3% from last year, and the median price per square foot was $95.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $99.5K | $33.5K | -66.3% |
| 2 Bedrooms | $91.8K | $94.9K | +3.4% |
| 3 Bedrooms | $120K | $143K | +19.2% |
| 4 Bedrooms | $227.5K | $216K | -5.1% |
| 5+ Bedrooms | $152K | - | N/A |
Summary: Mount Olive Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 66.3%, 2 bedroom homes increased by 3.4%, 3 bedroom homes increased by 19.2%, 4 bedroom homes decreased by 5.1%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Staunton Township | $121.5K | $144.2K | +18.7% |
| Mount Olive | $121.5K | $131K | +7.8% |
| Mount Olive Township | $120K | $127.5K | +6.3% |
Housing Supply in Mount Olive Township, IL
How many homes are available in Mount Olive Township, IL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 8 | 12 | +50.0% |
Summary: The Mount Olive Township real estate market had 12 homes for sale in November 2024, a 50.0% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 3 | +50.0% |
| 3 Bedrooms | 4 | 6 | +50.0% |
| 4 Bedrooms | 1 | 2 | +100.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Mount Olive Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 50%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mount Olive Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Mount Olive Township in November 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Mount Olive Township, IL
How long does it take to sell a home in Mount Olive Township, IL?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 78 Days | 30 Days | -61.5% |
Summary: Homes in Mount Olive Township had an average of 30 days on market in Nov 2024, down by 61.5% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Mount Olive Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 2 homes were sold in Mount Olive Township; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.