Olney Home Sales Report February 2020

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 2020 compared to last year at this time:

 -average sold price was $479,595 compared to last year's $430,275

- average days on market to sell a home went to 29 days from 31 days

- average sold price sellers were getting changed to 99.8% from 99.0%

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

Olney Homes Sold

Through February 2020 there were 6 single family homes, 12 townhouses and 4 condos sold.  The most expensive single family was sold for $1,335,826, a new home in Trotters Glenn.  The most expensive townhome sold for $512,000 in Barnsley Manor Estates . The most expensive condo sold for $193,000 in Camel Back Village. There was 2 cash buyers (mostly investors) or 9% of buyers.

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.   You can see more details in our Olney Property Values Report.

How Long is it Taking to Sell a Home?

In February 2020, the average days on market was 29 compared to 31 days 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 301-910-9910 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:

$249,900
Condo For Sale
Pending
1
BED
1
TOTAL BATH
1,005
SQFT
Homeland Vill Ol #191
18128 Rolling Meadow Way 191
Olney, MD 20832
Price Change - 5 days ago
$260,000
Townhouse For Sale
Active
2
BEDS
2
TOTAL BATHS
1,032
SQFT
Fair Hill Codm #303
18208 Windsor Hill Drive 303
Olney, MD 20832
New Listing - 3 weeks online
$265,000
Condo For Sale
Pending
2
BEDS
1
TOTAL BATH
1,160
SQFT
Olney Crossing C #1
17401 Pipers Way 1
Olney, MD 20832
Price Change - 2 weeks ago
$272,000
Condo For Sale
Active
2
BEDS
2
TOTAL BATHS
1,233
SQFT
Homeland Vill Ol #259
18054 Rolling Meadow Way 259
Olney, MD 20832
New Listing - 3 weeks online
$279,000
Condo For Sale
Active Under Contract
2
BEDS
2
TOTAL BATHS
1,032
SQFT
Fair Hill Codm #313
18248 Windsor Hill Drive 313
Olney, MD 20832
New Listing - 2 weeks online
$299,900
Townhouse For Sale
Pending
2
BEDS
2
TOTAL BATHS
1,040
SQFT
2932 Mcgee Way
Olney, MD 20832
Fair Hill Farm Subdivision
$310,000
Townhouse For Sale
Pending
2
BEDS
2
TOTAL BATHS
946
SQFT
1 Ohara Court
Olney, MD 20832
Fair Hill Farm Subdivision
New Listing - 9 hours online
$310,000
Townhouse For Sale
Active
3
BEDS
4
TOTAL BATHS
1,240
SQFT
3377 Tidewater Court B-2 #B-2
Olney, MD 20832
Olney Towne Subdivision
Open House Sun, Oct 17, 5 PM UTC
Please verify times due to COVID-19
$335,000
Townhouse For Sale
Active
3
BEDS
3
TOTAL BATHS
1,410
SQFT
Homeland Village Olney #148
18003 Vintage River 148
Olney, MD 20832
$355,000
Townhouse For Sale
Pending
3
BEDS
2
TOTAL BATHS
1,160
SQFT
17736 Chipping Court
Olney, MD 20832
Hallowell Subdivision
New Listing - 3 weeks online
$419,900
Townhouse For Sale
Pending
4
BEDS
4
TOTAL BATHS
1,730
SQFT
3522 Vintage Spring Terrace
Olney, MD 20832
Williamsburg Village Subdivision
New Listing - 4 weeks online
$439,000
Townhouse For Sale
Active Under Contract
3
BEDS
4
TOTAL BATHS
1,952
SQFT
3608 Martins Dairy Circle
Olney, MD 20832
Brooke Manor Farms Subdivision
Price Change - 3 weeks ago
$449,000
Townhouse For Sale
Active Under Contract
3
BEDS
4
TOTAL BATHS
2,040
SQFT
17766 Chipping Court
Olney, MD 20832
Hallowell Subdivision
$450,000
Townhouse For Sale
Pending
3
BEDS
3
TOTAL BATHS
1,628
SQFT
17774 Chipping Court
Olney, MD 20832
Hallowell Subdivision
Price Change - 5 days ago
$459,900
Townhouse For Sale
Active
3
BEDS
4
TOTAL BATHS
1,860
SQFT
18609 Sunhaven Court
Olney, MD 20832
James Creek Subdivision
Price Change - 2 weeks ago
$465,000
Townhouse For Sale
Active
3
BEDS
4
TOTAL BATHS
1,520
SQFT
18500 Shadowridge Terrace
Olney, MD 20832
James Creek Subdivision
$485,000
Townhouse For Sale
Pending
3
BEDS
3
TOTAL BATHS
1,852
SQFT
2230 Winter Garden Way
Olney, MD 20832
Lake Hallowell Subdivision
Short Sale
$500,000
Single Family Home For Sale
Active Under Contract
4
BEDS
2
TOTAL BATHS
3,255
SQFT
17215 Sandy Knoll Drive
Olney, MD 20832
Cashell Manor Subdivision
$524,900
Single Family Home For Sale
Pending
3
BEDS
4
TOTAL BATHS
1,852
SQFT
17510 Saint Theresa Drive
Olney, MD 20832
Hallowell Subdivision
New Listing - 3 weeks online
$539,000
Single Family Home For Sale
Pending
3
BEDS
4
TOTAL BATHS
1,852
SQFT
17517 Saint Theresa Drive
Olney, MD 20832
Hallowell Subdivision