Is Mount Olive, IL 62069 a buyer’s or seller’s market?

The Mount Olive housing market right now

In the three months ending August 31, 2026, 15% of homes in Mount Olive, IL 62069 sold above their list price, the typical home went under contract in 65 days and there were 1.6 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 21 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 0%, homes sold faster (83 days then) and the median sale price fell 5% to $169,876. Overall, Mount Olive is more competitive than a year ago, so tougher for buyers.

Within Macoupin County, homes here sell more slowly than in 91% of the county’s ZIP codes, and sell less often over asking than in 55%. On our competition score, Mount Olive ranks #434 of 464 IL ZIP codes with enough sales (score 37 out of 100).

Nearby, buyers who want less competition could look at Shipman 62685 (0% sold over asking) or Palmyra 62674 (0% sold over asking), while Wilsonville 62093 (67% sold over asking) and Staunton 62088 (38% sold over asking) are even more competitive.