Olney Home Sales Report May 2017

Montgomery County Real Estate

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How's the Real Estate Market in Olney MD?

Olney home sales saw the following changes in May 2017 compared to last year at this time:

Olney Home Sales

- average sold price was $468,803 compared to last year's $418,579

- average days on market to sell a home went to 47 days from 56 days

- average sold price sellers were getting changed from 96.4% to 98.5%

Olney market activity is summarized in the following chart (mouse over for details):

Olney Homes Sold

Through May 2017 there were 67 single family homes, 39 townhouses and 20 condos sold. 

The chart below shows average home price in Olney by type.

Are Sellers Getting Their Asking Price in Olney?

The chart below shows the proportion of the original listing price a home seller is getting when they sell, taking into account price reductions. There were 11 cash buyers (often investors) 8.7% of the 126 buyers so far in 2017.  You can see more details in our Olney Property Values Report.

How Long is it Taking to Sell a Home?

So far in 2017, the average days on market was 47 compared to 56 days last year. You can see more market statistics in our Olney Real Estate Market Trends Report.

Call Bob Myers of Re/Max Realty Services at 301-910-9910301-910-9910 if you have any questions about the value of your home or the real estate market.  Search for Olney homes for sale, save your favorites and get updates: