$3,741 Closing Credit*
$315,000
1,981 SqFt
3 Beds
•3 Full Baths
#100481762, 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 December 2023
At the same time last year, Mount Olive was a Seller's Market.
Key Takeaway
Mount Olive is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Mount Olive, NC
How much do homes in Mount Olive, NC cost?
Median Sold Price
$229,500
$142/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
-$20,499(-8.2%)
Key Takeaway
Homes in Mount Olive have sold for 8.2% less than they did a year ago.
Summary: The median home sold price in Mount Olive was $229,500 in December 2024, down 8.2% from last year, and the median price per square foot was $142.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $89K | $154K | +73.0% |
| 3 Bedrooms | $210K | $239.9K | +14.2% |
| 4 Bedrooms | $396.6K | $215K | -45.8% |
| 5+ Bedrooms | $422K | - | N/A |
Summary: Mount Olive housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 73%, 3 bedroom homes increased by 14.2%, 4 bedroom homes decreased by 45.8%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Mount Olive | $249.9K | $229.5K | -8.2% |
| Mount Olive | $249.9K | $229.5K | -8.2% |
Housing Supply in Mount Olive, NC
How many homes are available in Mount Olive, NC?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 23 | 21 | -8.7% |
Summary: The Mount Olive real estate market had 21 homes for sale in December 2024, a 8.7% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 3 | -25.0% |
| 3 Bedrooms | 16 | 15 | -6.3% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Mount Olive housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 25%, 3 bedroom homes decreased by 6.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 4 | 2 | -50.0% |
Asking Price vs. Sold Price
2 Homes Were 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, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Mount Olive in December 2024, down by 50.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% 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
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 44 Days | 86 Days | +95.5% |
Summary: Homes in Mount Olive had an average of 86 days on market in Dec 2024, up by 95.5% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Mount Olive are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 2 homes were sold in Mount Olive; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
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