Is Mount Oliver Borough, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Mount Oliver Borough was a Seller's Market.
Key Takeaway
Mount Oliver Borough is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Mount Oliver Borough, PA
How much do homes in Mount Oliver Borough, PA cost?
Median Sold Price
$70,000
$51/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Mount Oliver Borough have sold for 17.4% less than they did a year ago.
Summary: The median home sold price in Mount Oliver Borough was $70,000 in April 2024, down 17.4% from last year, and the median price per square foot was $51.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $70K | $69K | -1.4% |
| 3 Bedrooms | $119.9K | $58K | -51.7% |
| 4 Bedrooms | $149.9K | $114.3K | -23.7% |
| 5+ Bedrooms | $77.5K | $165K | +112.9% |
Summary: Mount Oliver Borough housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 1.4%, 3 bedroom homes decreased by 51.7%, 4 bedroom homes decreased by 23.7%, and 5+ bedroom homes increased by 112.9%.
Median Sold Price Compared To Nearby Neighborhoods
| Knoxville | $50K | $69.5K | +39.0% |
| South Side | $222.5K | $240K | +7.9% |
| South Side Slopes | $168.5K | $169.5K | +0.6% |
| Mount Oliver Borough | $84.7K | $70K | -17.4% |
Housing Supply in Mount Oliver Borough, PA
How many homes are available in Mount Oliver Borough, PA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 15 | 19 | +26.7% |
Summary: The Mount Oliver Borough real estate market had 19 homes for sale in April 2024, a 26.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 7 | +16.7% |
| 3 Bedrooms | 5 | 8 | +60.0% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Mount Oliver Borough housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 60%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 0 | 2 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mount Oliver Borough, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Mount Oliver Borough in April 2024, up by 100.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Mount Oliver Borough, PA
How long does it take to sell a home in Mount Oliver Borough, PA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 39 Days | 25 Days | -36.3% |
Summary: Homes in Mount Oliver Borough had an average of 25 days on market in Apr 2024, down by 36.3% compared to last year.
Breakdown of Home Sale Times
1 Home Was 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 Oliver Borough are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 2 homes were sold in Mount Oliver Borough; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
