$1,366 Closing Credit*
$115,000
1,129 SqFt
3 Beds
•2 Full Baths
Bethany Reyes, Christopher King, Listing Office: KW Domain
Is Mount Olivet, MI 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 Olivet was a Seller's Market.
Key Takeaway
Mount Olivet 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 Olivet, MI
How much do homes in Mount Olivet, MI cost?
Median Sold Price
$63,500
$55/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$14,500(+29.6%)
Key Takeaway
Homes in Mount Olivet have sold for 29.6% more than they did a year ago.
Summary: The median home sold price in Mount Olivet was $63,500 in November 2024, up 29.6% from last year, and the median price per square foot was $55.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $36.5K | $45.5K | +24.7% |
| 3 Bedrooms | $49K | $65K | +32.7% |
| 4 Bedrooms | $50K | $107.2K | +114.4% |
| 5+ Bedrooms | $59K | $95K | +61.0% |
Summary: Mount Olivet housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 24.7%, 3 bedroom homes increased by 32.7%, 4 bedroom homes increased by 114.4%, and 5+ bedroom homes increased by 61%.
Median Sold Price Compared To Nearby Neighborhoods
| Greenbriar | $36K | $60K | +66.7% |
| Mount Olivet | $49K | $63.5K | +29.6% |
| Von Steuben | $50.5K | $63K | +24.8% |
| Pulaski | $42.5K | $51.5K | +21.2% |
Housing Supply in Mount Olivet, MI
How many homes are available in Mount Olivet, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 130 | 139 | +6.9% |
Summary: The Mount Olivet real estate market had 139 homes for sale in November 2024, a 6.9% 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 | 21 | 22 | +4.8% |
| 3 Bedrooms | 96 | 107 | +11.5% |
| 4 Bedrooms | 10 | 7 | -30.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Mount Olivet 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 4.8%, 3 bedroom homes increased by 11.5%, 4 bedroom homes decreased by 30%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 17 | 21 | +23.5% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Mount Olivet, you may be able to get a good deal. 85.7% of homes here sold below asking price last month.
Summary: A total of 21 homes were sold or pending in Mount Olivet in November 2024, up by 23.5% month-over-month. Of the 21 sold homes, 86% were sold under asking, 10% were sold at asking, and 5% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 45 Days | 75 Days | +68.0% |
Summary: Homes in Mount Olivet had an average of 75 days on market in Nov 2024, up by 68% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Mount Olivet has remained consistent over time.
Summary: During November 2024, 21 homes were sold in Mount Olivet; 29% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
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.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS.