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:
