Is Mount Olive Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Mount Olive Township was a Seller's Market.
Housing Prices in Mount Olive Township, IL
How much do homes in Mount Olive Township, IL cost?
Median Sold Price
$110,000
$88/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Mount Olive Township was $110,000 in May 2024, down 10.2% from last year, and the median price per square foot was $88.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $98.2K | $33.5K | -65.9% |
2 Bedrooms | $101K | $91.8K | -9.1% |
3 Bedrooms | $115K | $132K | +14.8% |
4 Bedrooms | $205.7K | $160K | -22.2% |
5+ Bedrooms | $187K | $152K | -18.7% |
Summary: Mount Olive Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 65.9%, 2 bedroom homes decreased by 9.1%, 3 bedroom homes increased by 14.8%, 4 bedroom homes decreased by 22.2%, and 5+ bedroom homes decreased by 18.7%.
Median Sold Price Compared To Nearby Cities
Staunton Township | $115.9K | $138K | +19.1% |
Mount Olive | $122.7K | $131K | +6.7% |
Mount Olive Township | $122.5K | $110K | -10.2% |
Housing Supply in Mount Olive Township, IL
How many homes are available in Mount Olive Township, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
10 | 12 | +20.0% |
Summary: The Mount Olive Township real estate market had 12 homes for sale in May 2024, a 20.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 2 | 2 | 0.0% |
3 Bedrooms | 6 | 8 | +33.3% |
4 Bedrooms | 1 | 2 | +100.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Mount Olive Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
3 | 1 | -66.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 1 homes were sold or pending in Mount Olive Township in May 2024, down by 66.7% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Mount Olive Township, IL
How long does it take to sell a home in Mount Olive Township, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
48 Days | 80 Days | +66.7% |
Summary: Homes in Mount Olive Township had an average of 80 days on market in May 2024, up by 66.7% 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
Summary: During May 2024, 1 homes were sold in Mount Olive Township; 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.