$414 Closing Credit*
$34,900
750 SqFt
1 Bed
•1 Full Bath
TRACEY MILLER, Listing Office: Vylla Home
Is Olive Branch, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Olive Branch has remained a Seller's Market.
Key Takeaway
Olive Branch is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Olive Branch, IL
How much do homes in Olive Branch, IL cost?
Median Sold Price
$77,000
$57/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
-$44,500(-36.6%)
Key Takeaway
Homes in Olive Branch have sold for 36.6% less than they did a month ago.
Summary: The median home sold price in Olive Branch was $77,000 in October 2024, down 36.6% from last month, and the median price per square foot was $57.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $108K | - | N/A |
| 3 Bedrooms | $135K | $77K | -43.0% |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Olive Branch housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 43%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Olive Branch, IL
How many homes are available in Olive Branch, IL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 4 | -20.0% |
Summary: The Olive Branch real estate market had 4 homes for sale in October 2024, a 20.0% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 3 | 2 | -33.3% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Olive Branch housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 50%, 3 bedroom homes decreased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 1 | -50.0% |
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 Olive Branch, 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 Olive Branch in October 2024, down by 50.0% 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 Olive Branch, IL
How long does it take to sell a home in Olive Branch, IL?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 18 Days | 14 Days | -22.2% |
Summary: Homes in Olive Branch had an average of 14 days on market in Oct 2024, down by 22.2% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Olive Branch are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 1 homes were sold in Olive Branch; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.