$4,738 Closing Credit*
$399,000
1,985 SqFt
3 Beds
•2 Full Baths, 1 Partial
#100476668, Listing Office: Kornegay Realty
Is Mount Olive, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Mount Olive has remained a Seller's Market.
Key Takeaway
Mount Olive is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Mount Olive, NC
How much do homes in Mount Olive, NC cost?
Median Sold Price
$215,000
$139/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$27,450(-11.3%)
Key Takeaway
Homes in Mount Olive have sold for 11.3% less than they did a year ago.
Summary: The median home sold price in Mount Olive was $215,000 in October 2024, down 11.3% from last year, and the median price per square foot was $139.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $130K | N/A |
| 3 Bedrooms | $210K | $239.9K | +14.2% |
| 4 Bedrooms | $392.5K | $204K | -48.0% |
| 5+ Bedrooms | $422K | $412.5K | -2.3% |
Summary: Mount Olive 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 did not change, 3 bedroom homes increased by 14.2%, 4 bedroom homes decreased by 48%, and 5+ bedroom homes decreased by 2.3%.
Median Sold Price Compared To Nearby Cities
| Brogden Township | $221K | $219K | -0.9% |
| Mount Olive | $239.9K | $215K | -10.4% |
| Mount Olive | $242.4K | $215K | -11.3% |
Housing Supply in Mount Olive, NC
How many homes are available in Mount Olive, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 21 | 24 | +14.3% |
Summary: The Mount Olive real estate market had 24 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 | 17 | 20 | +17.6% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Mount Olive 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 17.6%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 6 | +50.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Mount Olive, you may be able to get a good deal. 83.3% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Mount Olive in October 2024, up by 50.0% month-over-month. Of the 6 sold homes, 83% were sold under asking, 0% were sold at asking, and 17% were sold over asking.
Days on Market for Mount Olive, NC
How long does it take to sell a home in Mount Olive, NC?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 8 Days | 84 Days | +952.1% |
Summary: Homes in Mount Olive had an average of 84 days on market in Oct 2024, up by 952.1% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Mount Olive are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 6 homes were sold in Mount Olive; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
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