$2,708 Closing Credit*
$228,000
1,461 SqFt
3 Beds
•2 Full Baths
Trish Hunter, Listing Office: ERA King Real Estate Hoover
Is Mount Olive, AL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Mount Olive has remained a Seller's Market.
Key Takeaway
Mount Olive is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Mount Olive, AL
How much do homes in Mount Olive, AL cost?
Median Sold Price
$294,000
$163/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
+$54,250(+22.6%)
Key Takeaway
Homes in Mount Olive have sold for 22.6% more than they did a month ago.
Summary: The median home sold price in Mount Olive was $294,000 in November 2024, up 22.6% from last month, and the median price per square foot was $163.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $239.7K | $301.9K | +25.9% |
| 4 Bedrooms | - | $257K | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Mount Olive housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 25.9%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Gardendale | $205K | $360K | +75.6% |
| Mount Olive | $239.7K | $294K | +22.6% |
Housing Supply in Mount Olive, AL
How many homes are available in Mount Olive, AL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 30 | 30 | 0.0% |
Summary: The Mount Olive real estate market had 30 homes for sale in November 2024, the same as October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 1 | +100.0% |
| 3 Bedrooms | 23 | 20 | -13.0% |
| 4 Bedrooms | 7 | 9 | +28.6% |
| 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 100%, 3 bedroom homes decreased by 13%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 7 | +16.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mount Olive, expect to pay close to the asking price. 42.9% of homes here sold near the asking price last month.
Summary: A total of 7 homes were sold or pending in Mount Olive in November 2024, up by 16.7% month-over-month. Of the 7 sold homes, 29% were sold under asking, 43% were sold at asking, and 29% were sold over asking.
Days on Market for Mount Olive, AL
How long does it take to sell a home in Mount Olive, AL?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 21 Days | 13 Days | -35.4% |
Summary: Homes in Mount Olive had an average of 13 days on market in Nov 2024, down by 35.4% compared to last month.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
1 Home Was 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, 7 homes were sold in Mount Olive; 86% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
