Olney Home Sales Report August 2016

Montgomery County Real Estate

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Olney Home Sales

How's the Real Estate Market in Olney MD?

Olney home sales saw the following changes in August 2016, compared to last year at this time:

Olney Home Sales

- average sold price was $440,637 compared to last year's $429,521

- average days on market to sell a home went to 51 days from 49 days

- average sold price sellers were getting changed from 97.0%  to 97.1%

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

Olney Homes Sold

Through August 2016 there were 133 single family homes, 82 townhouses and 51 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 23 cash buyers (often investors) 8.6% of the 266 buyers so far in 2016.  You can see more details in our Olney Property Values Report.

How Long is it Taking to Sell a Home?

So far in 2016, the average days on market was 51 compared to 49 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: