Why Live in Mount Olive
Circling Budd Lake, Mount Olive is a Northern New Jersey township with a range of housing options, a highly rated school district and one of the county’s largest municipal parks. Formed in 1871 from parts of neighboring Roxbury Township, the community is named after Benjamin Olive, a Colonial-era lieutenant governor who donated land for several of the area’s churches. With its location bordering other suburban and rural Morris County towns, Mount Olive offers something for everyone. “The town is really split into two sections,” explains Kevin Saum, a sales associate with eXp Realty, and a longtime Morris County resident who’s been selling homes and making local guides on his YouTube channel “Living in New Jersey” for over four years. “Flanders has more of a rural feel, while homes in the Budd Lake area are tighter together.” Homebuyers can find a mix of housing options, from traditional subdivisions to larger homes with more land. Most homes, including colonials and split-levels, were built between 1950 and 2000, though there are some Cape Cods from the early 1900s. Many houses have driveways and some green space, while rural properties along the town’s outskirts can sit on
Home Trends in Mount Olive, NJ
On average, homes in Mount Olive, NJ sell after 30 days on the market compared to the national average of 50 days. The median sale price for homes in Mount Olive, NJ over the last 12 months is $590,000, up 10% from the median home sale price over the previous 12 months.
Median Sale Price
$590,000
Median Single Family Sale Price
$605,000
Median Townhouse Sale Price
$572,500
Average Price Per Sq Ft
$330
Number of Homes for Sale
20
Last 12 months Home Sales
120
Median List Price
$585,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
10%