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Featured local agent — Mount Olive, IL
Sarah Mitchell
Compass Real Estate · Mount Olive, IL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Mount Olive, IL Housing Market & Real Estate
Housing market overview · Updated monthly ·
$189,000median sale price
How is the Mount Olive, IL housing market right now?
The median home sale price in Mount Olive, IL is $189,000, up 613.2% year-over-year. Homes sell in an average of 46 days with 15 active listings. The market is currently a buyer's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Mount Olive a buyer's or seller's market?
Mount Olive, IL is currently a buyer's market, based on 15.0 months of supply and homes selling in about 46 days. How we determine this →
Homes sold
1
Last 12 weeks
Days on market
46
Average pace
Active listings
15
15.0 months supply
Sale-to-list
100.0%
Above asking
What does the Mount Olive housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $189,000 |
| Median list price | $160,000 |
| Year-over-year price change | +613.2% |
| Average days on market | 46 days |
| Active inventory | 15 listings |
| Months of supply | 15.0 months |
| Sale-to-list price ratio | 100.0% |
| Median price per sq ft | $135/sq ft |
| Homes sold (latest month) | 1 |
| New listings (latest month) | 5 |
| Listings with a price cut | 13.3% |
| Market condition | Buyer's market |
Source: Redfin · Updated monthly
How much do homes cost in Mount Olive by property type?
How the Mount Olive, IL market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $189,000 | $135/sq ft | 1 | 46 days |
Source: Redfin · Updated monthly
The Mount Olive housing market is currently classified as a buyer's market with a median sale price of $189,000. Prices have risen 613.2% compared to last year, with homes spending an average of 46 days on market, indicating 15.0 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.The price-to-income ratio of 1.8x provides context for how home values compare to local earning capacity.
Homes for sale in Mount Olive
There are currently 15 homes listed for sale in Mount Olive, Illinois. The median listing price is $160K.
Active listings
15
Homes on market
Median list price
$160K
Avg. days on market
46
Days until sale
New this week
5
Newly listed
Who lives in Mount Olive?
Population
1,979
Median income
$55,139/yr
Median age
50.6 years
Owner-occupied
74.0%
College grads
14.2%
Avg commute
27.4 min
Source: U.S. Census Bureau ACS
What are homes worth in Mount Olive?
Zillow home value
$98,254
Price-to-income
1.8x
Source: Zillow Research
What is it like to live in Mount Olive?
Mount Olive is a community of approximately 2K residents with a median age of 50.6 years.The median household income is $55,139, which represents a working-class community with solid middle-income opportunities. 14.2% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 74.0%, reflecting strong community stability and long-term resident commitment. The average commute time is 27.4 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Mount Olive offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Mount Olive?
2 schools tracked · 478 students
The largest public schools serving Mount Olive, IL by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Mt Olive Elementary School
Grades PK-8 · 344 students
Mt Olive High School
Grades 9-12 · 134 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Mount Olive, IL?
Want a head-to-head view? Compare Mount Olive side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Mount Olive?
The median home sale price in Mount Olive is $189,000, up 613.2% from last year.
How long do homes stay on market in Mount Olive?
Homes typically spend 46 days on market before going under contract.
What is the median income in Mount Olive?
The median household income is $55,139 per year.
Is Mount Olive a buyer's or seller's market?
With 15.0 months of supply, Mount Olive is currently a buyer's market.
What is the Zillow home value estimate for Mount Olive?
The Zillow Home Value Index (ZHVI) for Mount Olive is $98,254, representing the typical home value in the area.
How much does a single-family home cost in Mount Olive?
The median single-family home price in Mount Olive, IL is $189,000 (about $135 per square foot).
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