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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Mount Olive is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Mount Olive has remained a Seller's Market.

Key Takeaway

Mount Olive is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

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

+$23,800(+12.0%)

Key Takeaway

Homes in Mount Olive have sold for 12% more than they did a year ago.

Summary: The median home sold price in Mount Olive was $221,500 in May 2024, up 12% from last year, and the median price per square foot was $137.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 --
N/A
2 $132.5K$150K
+13.2%
3 $182.5K$215.5K
+18.1%
4 $330.1K$255K
-22.8%
5+ -$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 13.2%, 3 bedroom homes increased by 18.1%, 4 bedroom homes decreased by 22.8%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Mount Olive
+12.0%
Mount Olive
+10.8%

Housing Supply in Mount Olive, NC

How many homes are available in Mount Olive, NC?

Number of Homes For Sale

Apr 2024May 2024CHANGE
2221-4.5%

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

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 11
0.0%
3 1717
0.0%
4 43
-25.0%
5+ 00
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 2024May 2024CHANGE
440.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Mount Olive, you may be able to get a good deal. 75% of homes here sold below asking price last month.

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 2023May 2024CHANGE
24 Days33 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in Mount Olive are selling fast, if you're buying plan to act quickly.

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.

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

Report Updated 1 Day Ago

Newest Listings in Mount Olive, NC

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