Is Mount Olive Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Mount Olive Township has remained a Seller's Market.
Housing Prices in Mount Olive Township, IL
How much do homes in Mount Olive Township, IL cost?
Median Sold Price
$110,000
$84/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Mount Olive Township was $110,000 in April 2024, down 10.2% from last year, and the median price per square foot was $84.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $97K | $66.5K | -31.4% |
2 Bedrooms | $81.2K | $94.9K | +16.8% |
3 Bedrooms | $118.7K | $121K | +1.9% |
4 Bedrooms | $205.7K | $160K | -22.2% |
5+ Bedrooms | $187K | $152K | -18.7% |
Summary: Mount Olive Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 31.4%, 2 bedroom homes increased by 16.8%, 3 bedroom homes increased by 1.9%, 4 bedroom homes decreased by 22.2%, and 5+ bedroom homes decreased by 18.7%.
Median Sold Price Compared To Nearby Cities
Staunton Township | $111K | $138K | +24.3% |
Mount Olive Township | $122.5K | $110K | -10.2% |
Housing Supply in Mount Olive Township, IL
How many homes are available in Mount Olive Township, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
6 | 10 | +66.7% |
Summary: The Mount Olive Township real estate market had 10 homes for sale in April 2024, a 66.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 1 | 2 | +100.0% |
3 Bedrooms | 3 | 6 | +100.0% |
4 Bedrooms | 1 | 1 | 0.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Mount Olive Township 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 100%, 3 bedroom homes increased by 100%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
0 | 3 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Mount Olive Township in April 2024, up by 100.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for Mount Olive Township, IL
How long does it take to sell a home in Mount Olive Township, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
45 Days | 79 Days | +74.4% |
Summary: Homes in Mount Olive Township had an average of 79 days on market in Apr 2024, up by 74.4% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 3 homes were sold in Mount Olive Township; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.