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 May 2023
Since last year, Mount Oliver Borough has remained a Neutral Market.
Housing Prices in Mount Oliver Borough, PA
How much do homes in Mount Oliver Borough, PA cost?
Median Sold Price
$65,000
$45/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Mount Oliver Borough was $65,000 in May 2024, down 16.1% from last year, and the median price per square foot was $45.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $70K | $54.5K | -22.1% |
3 Bedrooms | $65K | $58K | -10.8% |
4 Bedrooms | $149.9K | $74K | -50.6% |
5+ Bedrooms | $77.5K | $165K | +112.9% |
Summary: Mount Oliver Borough housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 22.1%, 3 bedroom homes decreased by 10.8%, 4 bedroom homes decreased by 50.6%, and 5+ bedroom homes increased by 112.9%.
Median Sold Price Compared To Nearby Neighborhoods
Knoxville | $47K | $72K | +53.2% |
South Side Slopes | $174K | $166K | -4.6% |
South Side | $250K | $224.9K | -10.0% |
Mount Oliver Borough | $77.5K | $65K | -16.1% |
Housing Supply in Mount Oliver Borough, PA
How many homes are available in Mount Oliver Borough, PA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
19 | 27 | +42.1% |
Summary: The Mount Oliver Borough real estate market had 27 homes for sale in May 2024, a 42.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 7 | 9 | +28.6% |
3 Bedrooms | 8 | 12 | +50.0% |
4 Bedrooms | 3 | 5 | +66.7% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Mount Oliver Borough housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 28.6%, 3 bedroom homes increased by 50%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
4 | 4 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Mount Oliver Borough in May 2024, the same as the previous month. Of the 4 sold homes, 75% were sold under asking, 25% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
28 Days | 78 Days | +175.4% |
Summary: Homes in Mount Oliver Borough had an average of 78 days on market in May 2024, up by 175.4% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 4 homes were sold in Mount Oliver Borough; 25% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.