Olney Home Sales Report for February 2016

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 February 2016, compared to last year at this time:

- average sold price in was $379,313 compared to last year's $402,050

- average days on market to sell a home decreased to 65 days in from 73 days

- average sold price sellers were getting decreased from 97%  to 94.3%

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

Olney Homes Sold

In February 2016 there were 14 single family homes, 5 townhouses and 8 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 3 cash buyers (often investors) in February 2016.  You can see more details in our Olney Property Values Report.

How Long is it Taking to Sell a Home?

In February 2016, the average days on market was 65 compared to 73 days during the same time 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: