$7,719 Closing Credit*
$650,000
2,009 SqFt
3 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 September 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
$560,000
$222/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$55,000(+10.9%)
Key Takeaway
Homes in Mount Olive Township have sold for 10.9% more than they did a year ago.
Summary: The median home sold price in Mount Olive Township was $560,000 in September 2024, up 10.9% from last year, and the median price per square foot was $222.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $249K | - | N/A |
| 2 Bedrooms | $345K | $345K | 0.0% |
| 3 Bedrooms | $440K | $505K | +14.8% |
| 4 Bedrooms | $540K | $610K | +13.0% |
| 5+ Bedrooms | $575K | $765K | +33.0% |
Summary: Mount Olive Township housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 14.8%, 4 bedroom homes increased by 13%, and 5+ bedroom homes increased by 33%.
Median Sold Price Compared To Nearby Cities
| Netcong | $385K | $450K | +16.9% |
| Allamuchy Township | $386.2K | $450K | +16.5% |
| Hackettstown | $407.5K | $460K | +12.9% |
| Mount Olive Township | $505K | $560K | +10.9% |
| Budd Lake | $490K | $485K | -1.0% |
Housing Supply in Mount Olive Township, NJ
How many homes are available in Mount Olive Township, NJ?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 91 | 90 | -1.1% |
Summary: The Mount Olive Township real estate market had 90 homes for sale in September 2024, a 1.1% decrease compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 7 | +133.3% |
| 3 Bedrooms | 28 | 27 | -3.6% |
| 4 Bedrooms | 57 | 53 | -7.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Mount Olive Township housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 133.3%, 3 bedroom homes decreased by 3.6%, 4 bedroom homes decreased by 7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 21 | 20 | -4.8% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
16 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. 80% of homes here sold above asking price last month.
Summary: A total of 20 homes were sold or pending in Mount Olive Township in September 2024, down by 4.8% month-over-month. Of the 20 sold homes, 10% were sold under asking, 10% were sold at asking, and 80% 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
