Is Mount Olive Township, NJ a buyer’s or seller’s market?

Housing Market Conditions



Gauge showing Mount Olive Township is a seller'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



Based on all homes sold in the last 12 months.

Difference Since May 2022


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

# BEDSMay 2022May 2023%
1 -$249K
2 $285K$304.9K
3 $415K$440K
4 $495K$525K
5+ $540K$605K

Median Sold Price Compared To Nearby Cities

Mount Olive Township
Allamuchy Township
Budd Lake

How many homes are available in Mount Olive Township, NJ?

Number of Homes For Sale

Apr 2023May 2023%

Homes For Sale By Bedroom Count

# BEDSApr 2023May 2023%
1 00
2 89
3 1919
4 3441
5+ 89

Number of Homes Sold

Apr 2023May 2023%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

19 Homes Were Sold
Over Asking

Asking vs Sold - buyer

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

What housing markets are near Mount Olive Township, NJ?

About Mount Olive Township, NJ

Mount Olive Township, NJ has 78 homes for sale to choose from. Between April 2023 and May 2023, Mount Olive Township, NJ real estate market has seen increase in the number of listings by 13%. This housing market listing prices have changed between April 2023 and May 2023: prices of 1 bedroom properties increased by 0%, prices of 2 bedrooms properties went up by 7%, 3 bedrooms properties prices increased by 6%, the cost of 4 bedrooms properties went up by 6.1%, the cost of 5 bedrooms properties went up by 12%. Housing inventory have changed in this real estate market: the quantity of 1 bedroom homes have not changed, 2 bedrooms homes inventory increased by 12.5%, the quantity of 3 bedrooms homes have not changed, number of 4 bedrooms homes increased by 20.6%, number of 5 bedrooms homes increased by 12.5%. In May 2023 more than 19 listings in Mount Olive Township, NJ were sold above the asking price. During the same period more than 2 listings were sold at asking price, while more than 3 were sold below.