$1,544 Closing Credit*
$130,000
1,438 SqFt
3 Beds
•1 Full Bath
Mariah Davis, Listing Office: Brookstone, Realtors LLC
Is Mount Olivet, MI 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 Olivet was a Seller's Market.
Key Takeaway
Mount Olivet is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Mount Olivet, MI
How much do homes in Mount Olivet, MI cost?
Median Sold Price
$65,000
$58/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$16,000(+32.7%)
Key Takeaway
Homes in Mount Olivet have sold for 32.7% more than they did a year ago.
Summary: The median home sold price in Mount Olivet was $65,000 in October 2024, up 32.7% from last year, and the median price per square foot was $58.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $38.5K | $45K | +16.9% |
| 3 Bedrooms | $48.2K | $69K | +43.0% |
| 4 Bedrooms | $51K | $107.2K | +110.2% |
| 5+ Bedrooms | $53K | $95K | +79.2% |
Summary: Mount Olivet 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 increased by 16.9%, 3 bedroom homes increased by 43%, 4 bedroom homes increased by 110.2%, and 5+ bedroom homes increased by 79.2%.
Median Sold Price Compared To Nearby Neighborhoods
| Greenbriar | $36K | $69K | +91.7% |
| Mount Olivet | $49K | $65K | +32.7% |
| Von Steuben | $56K | $56.5K | +0.9% |
| Mohican Regent | $83K | $82.5K | -0.6% |
Housing Supply in Mount Olivet, MI
How many homes are available in Mount Olivet, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 119 | 142 | +19.3% |
Summary: The Mount Olivet real estate market had 142 homes for sale in October 2024, a 19.3% 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 | 15 | 20 | +33.3% |
| 3 Bedrooms | 92 | 107 | +16.3% |
| 4 Bedrooms | 10 | 11 | +10.0% |
| 5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The Mount Olivet 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 increased by 33.3%, 3 bedroom homes increased by 16.3%, 4 bedroom homes increased by 10%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 11 | 16 | +45.5% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mount Olivet, you may be able to get a good deal. 56.3% of homes here sold below asking price last month.
Summary: A total of 16 homes were sold or pending in Mount Olivet in October 2024, up by 45.5% month-over-month. Of the 16 sold homes, 56% were sold under asking, 25% were sold at asking, and 19% were sold over asking.
Days on Market for Mount Olivet, MI
How long does it take to sell a home in Mount Olivet, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 47 Days | 50 Days | +7.6% |
Summary: Homes in Mount Olivet had an average of 50 days on market in Oct 2024, up by 7.6% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Mount Olivet are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 16 homes were sold in Mount Olivet; 50% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS. 
Listing information is provided in part by the IDX Program of the MLS of the Greater Lansing Association of REALTORS®. IDX information is provided exclusively for Consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.