$1,305 Closing Credit*
$109,900
1,002 SqFt
2 Beds
•1 Full Bath
Listing Office: RE/MAX Alliance
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 October 2023
At the same time last year, Mount Olive Township was a Seller's Market.
Key Takeaway
Mount Olive Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Mount Olive Township, IL
How much do homes in Mount Olive Township, IL cost?
Median Sold Price
$130,000
$95/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$10,000(+8.3%)
Key Takeaway
Homes in Mount Olive Township have sold for 8.3% more than they did a year ago.
Summary: The median home sold price in Mount Olive Township was $130,000 in October 2024, up 8.3% from last year, and the median price per square foot was $95.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $99.5K | $33.5K | -66.3% |
| 2 Bedrooms | $93.6K | $87.4K | -6.6% |
| 3 Bedrooms | $130K | $156.5K | +20.4% |
| 4 Bedrooms | $301.2K | $174.5K | -42.1% |
| 5+ Bedrooms | $152K | - | N/A |
Summary: Mount Olive Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 66.3%, 2 bedroom homes decreased by 6.6%, 3 bedroom homes increased by 20.4%, 4 bedroom homes decreased by 42.1%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Staunton Township | $120K | $143.5K | +19.6% |
| Mount Olive | $121.5K | $143K | +17.7% |
| Mount Olive Township | $120K | $130K | +8.3% |
Housing Supply in Mount Olive Township, IL
How many homes are available in Mount Olive Township, IL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 8 | +14.3% |
Summary: The Mount Olive Township real estate market had 8 homes for sale in October 2024, a 14.3% 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 | 1 | 1 | 0.0% |
Summary: The Mount Olive Township 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 Township, 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 Township 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 Township, IL
How long does it take to sell a home in Mount Olive Township, IL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 78 Days | 96 Days | +22.7% |
Summary: Homes in Mount Olive Township had an average of 96 days on market in Oct 2024, up by 22.7% 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 Township 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 Township; 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.