Is Mount Olive, NC 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 Olive has remained a Seller's Market.
Housing Prices in Mount Olive, NC
How much do homes in Mount Olive, NC cost?
Median Sold Price
$221,500
$137/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Mount Olive was $221,500 in May 2024, up 10.8% from last year, and the median price per square foot was $137.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $80K | $120K | +50.0% |
3 Bedrooms | $175K | $215.5K | +23.1% |
4 Bedrooms | $330.1K | $215K | -34.9% |
5+ Bedrooms | - | $422K | N/A |
Summary: Mount Olive 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 increased by 50%, 3 bedroom homes increased by 23.1%, 4 bedroom homes decreased by 34.9%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Brogden Township | $203K | $229.9K | +13.3% |
Mount Olive | $197.7K | $221.5K | +12.0% |
Mount Olive | $199.9K | $221.5K | +10.8% |
Housing Supply in Mount Olive, NC
How many homes are available in Mount Olive, NC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
22 | 21 | -4.5% |
Summary: The Mount Olive real estate market had 21 homes for sale in May 2024, a 4.5% decrease 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 | 1 | 1 | 0.0% |
3 Bedrooms | 17 | 17 | 0.0% |
4 Bedrooms | 4 | 3 | -25.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Mount Olive 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 25%, 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 Olive 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 Olive, NC
How long does it take to sell a home in Mount Olive, NC?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
24 Days | 33 Days | +39.6% |
Summary: Homes in Mount Olive had an average of 33 days on market in May 2024, up by 39.6% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 4 homes were sold in Mount Olive; 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.