$23,000
0.47 Acres
Land
TRACEY JONES-BROOKS, Listing Office: TJB 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 November 2023
Since last year, Mount Olive has remained a Neutral Market.
Key Takeaway
Mount Olive 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 Olive, NC
How much do homes in Mount Olive, NC cost?
Median Sold Price
$225,500
$141/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$21,999(-8.9%)
Key Takeaway
Homes in Mount Olive have sold for 8.9% less than they did a year ago.
Summary: The median home sold price in Mount Olive was $225,500 in November 2024, down 8.9% from last year, and the median price per square foot was $141.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $89K | $154K | +73.0% |
| 3 Bedrooms | $202.5K | $239.9K | +18.5% |
| 4 Bedrooms | $396.6K | $215K | -45.8% |
| 5+ Bedrooms | $523.3K | $185K | -64.6% |
Summary: Mount Olive 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 73%, 3 bedroom homes increased by 18.5%, 4 bedroom homes decreased by 45.8%, and 5+ bedroom homes decreased by 64.6%.
Median Sold Price Compared To Nearby Cities
| Mount Olive | $247.4K | $225.5K | -8.9% |
| Mount Olive | $249.9K | $225.5K | -9.8% |
Housing Supply in Mount Olive, NC
How many homes are available in Mount Olive, NC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 26 | 24 | -7.7% |
Summary: The Mount Olive real estate market had 24 homes for sale in November 2024, a 7.7% decrease 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 | 3 | 4 | +33.3% |
| 3 Bedrooms | 21 | 16 | -23.8% |
| 4 Bedrooms | 2 | 4 | +100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Mount Olive 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 33.3%, 3 bedroom homes decreased by 23.8%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 4 | -33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mount Olive, expect to pay close to the asking price. 75% of homes here sold near the asking price last month.
Summary: A total of 4 homes were sold or pending in Mount Olive in November 2024, down by 33.3% month-over-month. Of the 4 sold homes, 25% were sold under asking, 75% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 102 Days | 23 Days | -77.1% |
Summary: Homes in Mount Olive had an average of 23 days on market in Nov 2024, down by 77.1% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 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 November 2024, 4 homes were sold in Mount Olive; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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