$6,709 Closing Credit*
$565,000
4 Beds
•2 Full Baths, 1 Partial
Listing Office: KELLER WILLIAMS METROPOLITAN
Is Mount Olive Township, NJ 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 Township has remained a Seller's Market.
Key Takeaway
Mount Olive Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Mount Olive Township, NJ
How much do homes in Mount Olive Township, NJ cost?
Median Sold Price
$570,000
$226/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$53,000(+10.3%)
Key Takeaway
Homes in Mount Olive Township have sold for 10.3% more than they did a year ago.
Summary: The median home sold price in Mount Olive Township was $570,000 in November 2024, up 10.3% from last year, and the median price per square foot was $226.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $345K | $377.5K | +9.4% |
| 3 Bedrooms | $460K | $505K | +9.8% |
| 4 Bedrooms | $560K | $615K | +9.8% |
| 5+ Bedrooms | $575K | $752.5K | +30.9% |
Summary: Mount Olive Township 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 9.4%, 3 bedroom homes increased by 9.8%, 4 bedroom homes increased by 9.8%, and 5+ bedroom homes increased by 30.9%.
Median Sold Price Compared To Nearby Cities
| Netcong | $382.5K | $455K | +19.0% |
| Allamuchy Township | $397.5K | $445K | +11.9% |
| Mount Olive Township | $517K | $570K | +10.3% |
| Hackettstown | $415K | $455K | +9.6% |
| Budd Lake | $495K | $505K | +2.0% |
Housing Supply in Mount Olive Township, NJ
How many homes are available in Mount Olive Township, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 76 | 66 | -13.2% |
Summary: The Mount Olive Township real estate market had 66 homes for sale in November 2024, a 13.2% 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 | 4 | 5 | +25.0% |
| 3 Bedrooms | 29 | 27 | -6.9% |
| 4 Bedrooms | 40 | 29 | -27.5% |
| 5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The Mount Olive Township 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 25%, 3 bedroom homes decreased by 6.9%, 4 bedroom homes decreased by 27.5%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 23 | 12 | -47.8% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mount Olive Township, you could pay more than the asking price. 58.3% of homes here sold above asking price last month.
Summary: A total of 12 homes were sold or pending in Mount Olive Township in November 2024, down by 47.8% month-over-month. Of the 12 sold homes, 25% were sold under asking, 17% were sold at asking, and 58% were sold over asking.
Days on Market for Mount Olive Township, NJ
We’re sorry, we don't have information for this market at the moment
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Disclaimer: The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Rocket Homes Real Estate, LLC are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website.