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 May 2022
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.
How much do homes in Mount Olive Township, NJ cost?
Median Sold Price
$500,000
$253/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2022
+$50,000(+11.1%)
Key Takeaway
Homes in Mount Olive Township have sold for 11.1% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS | May 2022 | May 2023 | % |
|---|---|---|---|
| 1 Bedroom | - | $249K | N/A |
| 2 Bedrooms | $285K | $304.9K | +7.0% |
| 3 Bedrooms | $415K | $440K | +6.0% |
| 4 Bedrooms | $495K | $525K | +6.1% |
| 5+ Bedrooms | $540K | $605K | +12.0% |
Median Sold Price Compared To Nearby Cities
| Mount Olive Township | $450K | $500K | +11.1% |
| Allamuchy Township | $342.5K | $369.9K | +8.0% |
| Budd Lake | $443K | $466.5K | +5.3% |
| Hackettstown | $385K | $400K | +3.9% |
How many homes are available in Mount Olive Township, NJ?
Number of Homes For Sale
| Apr 2023 | May 2023 | % |
|---|---|---|
| 69 | 78 | +13.0% |
Homes For Sale By Bedroom Count
| # BEDS | Apr 2023 | May 2023 | % |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 8 | 9 | +12.5% |
| 3 Bedrooms | 19 | 19 | 0.0% |
| 4 Bedrooms | 34 | 41 | +20.6% |
| 5+ Bedrooms | 8 | 9 | +12.5% |
Number of Homes Sold
| Apr 2023 | May 2023 | % |
|---|---|---|
| 13 | 24 | +84.6% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
19 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. 79.2% of homes here sold above asking price last month.
Information deemed reliable but not guaranteed. Copyright © 2023 Garden State Multiple Listing Service, L.L.C. All rights reserved. 
The data relating to real estate for sale on this web-site comes in part from the Internet Listing Display database of the CENTRAL JERSEY MULTIPLE LISTING SYSTEM. Real estate listings held by brokerage firms other than this site-owner are marked with the ILD logo. The CENTRAL JERSEY MULTIPLE LISTING SYSTEM does not warrant the accuracy, quality, reliability, suitability, completeness, usefulness or effectiveness of any information provided. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify properties the consumer may be interested in purchasing or renting. Copyright 2023, CENTRAL JERSEY MULTIPLE LISTING SYSTEM. All Rights Reserved. The CENTRAL JERSEY MULTIPLE LISTING SYSTEM retains all rights, title and interest in and to its trademarks, service marks and copyrighted material.
Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.