$4,738 Closing Credit*
$399,000
1,873 SqFt
3 Beds
•2 Full Baths
Listing Office: Frank Tangredi Realty Company
Is Olive, NY 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, Olive was a Seller's Market.
Key Takeaway
Olive is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Olive, NY
How much do homes in Olive, NY cost?
Median Sold Price
$494,000
$272/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$53,500(-9.8%)
Key Takeaway
Homes in Olive have sold for 9.8% less than they did a year ago.
Summary: The median home sold price in Olive was $494,000 in November 2024, down 9.8% from last year, and the median price per square foot was $272.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $90K | N/A |
| 2 Bedrooms | $606K | $700K | +15.5% |
| 3 Bedrooms | $476.5K | $473K | -0.7% |
| 4 Bedrooms | $610K | $525K | -13.9% |
| 5+ Bedrooms | - | - | N/A |
Summary: 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 15.5%, 3 bedroom homes decreased by 0.7%, 4 bedroom homes decreased by 13.9%, and 5+ bedroom homes did not change.
Housing Supply in Olive, NY
How many homes are available in Olive, NY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 19 | 18 | -5.3% |
Summary: The Olive real estate market had 18 homes for sale in November 2024, a 5.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 4 | 5 | +25.0% |
| 3 Bedrooms | 7 | 5 | -28.6% |
| 4 Bedrooms | 5 | 5 | 0.0% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Olive housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 25%, 3 bedroom homes decreased by 28.6%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 2 | 1 | -50.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Olive, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 1 homes were sold or pending in Olive in November 2024, down by 50.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for Olive, NY
How long does it take to sell a home in Olive, NY?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 325 Days | 51 Days | -84.3% |
Summary: Homes in Olive had an average of 51 days on market in Nov 2024, down by 84.3% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Olive has remained consistent over time.
Summary: During November 2024, 1 homes were sold in Olive; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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