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:

$225,000
Condo For Sale
Active
3
BED
2
TOTAL BATHS
996
SQFT
3216 Spartan Road 2-E-6 #2-E-6
Olney, MD 20832
CAMELBACK VILLAGE Subdivision
$225,000
Condo For Sale
Active
4
BED
2
TOTAL BATHS
1,252
SQFT
3204 Spartan Road 11b #11B
Olney, MD 20832
CAMELBACK VILLAGE Subdivision
Short Sale
$256,900
Condo For Sale
Active Under Contract
2
BED
2
TOTAL BATHS
1,155
SQFT
Homeland Vill Ol #285
18004 Rolling Meadow Way 285
Olney, MD 20832
New Listing - 2 weeks online
$259,990
Condo For Sale
Active
3
BED
2
TOTAL BATHS
1,145
SQFT
Fair Hill Codm #210B
18180 Windsor Hill Drive 210b
Olney, MD 20832
Price Change - a week ago
$279,999
Townhouse For Sale
Active Under Contract
3
BED
2
TOTAL BATHS
1,395
SQFT
Homeland Vill Ol #149
18005 Vintage River Terrace 149
Olney, MD 20832
New Listing - 3 weeks online
$282,000
Condo For Sale
Active
2
BED
2
TOTAL BATHS
1,155
SQFT
18154 Rolling Meadow Way
Olney, MD 20832
HOMELAND VILLAGE Subdivision
$289,900
Townhouse For Sale
Active
2
BED
2
TOTAL BATHS
1,040
SQFT
3056 Ohara Place
Olney, MD 20832
FAIR HILL FARM Subdivision
Short Sale
$429,000
Single Family Home For Sale
Active Under Contract
3
BED
4
TOTAL BATHS
2,324
SQFT
3905 Gelding Lane
Olney, MD 20832
OLNEY SQUARE Subdivision
Open House Sun, Dec 6, 1 PM UTC
Please verify times due to COVID-19
$439,900
Townhouse For Sale
Active
3
BED
4
TOTAL BATHS
1,440
SQFT
18606 Clovercrest Circle
Olney, MD 20832
JAMES CREEK Subdivision
New Listing - 2 weeks online
$453,000
Townhouse For Sale
Active Under Contract
3
BED
4
TOTAL BATHS
2,178
SQFT
17922 Shotley Bridge Place
Olney, MD 20832
LAKE HALLOWELL Subdivision
New Listing - 2 weeks online
$469,800
Townhouse For Sale
Active Under Contract
3
BED
3
TOTAL BATHS
2,311
SQFT
4613 Ripley Manor Terrace
Olney, MD 20832
OATLAND FARM Subdivision
New Listing - 2 weeks online
$480,000
Single Family Home For Sale
Active Under Contract
3
BED
4
TOTAL BATHS
2,756
SQFT
3308 Llewellyn Field Road
Olney, MD 20832
OLNEY MILL Subdivision
$500,000
Single Family Home For Sale
Active Under Contract
4
BED
3
TOTAL BATHS
1,748
SQFT
18305 Dutchess Drive
Olney, MD 20832
OLNEY SQUARE Subdivision
New Listing - 2 weeks online
$545,000
Single Family Home For Sale
Active Under Contract
3
BED
3
TOTAL BATHS
3,392
SQFT
17616 Prince Edward Drive
Olney, MD 20832
WILLIAMSBURG VILLAGE Subdivision
$550,000
Single Family Home For Sale
Active Under Contract
4
BED
4
TOTAL BATHS
2,548
SQFT
4200 Sir Walter Road
Olney, MD 20832
WILLIAMSBURG VIL Subdivision
Short Sale
$580,000
Single Family Home For Sale
Active Under Contract
4
BED
2
TOTAL BATHS
3,833
SQFT
17215 Sandy Knoll Drive
Olney, MD 20832
CASHELL MANOR Subdivision
Open House Sun, Dec 6, 2 PM UTC
Please verify times due to COVID-19
$600,000
Single Family Home For Sale
Active
3
BED
3
TOTAL BATHS
2,502
SQFT
17336 Lafayette Drive
Olney, MD 20832
CHERRYWOOD Subdivision
$669,000
Single Family Home For Sale
Active
4
BED
3
TOTAL BATHS
2,384
SQFT
3501 Tavenner Court
Olney, MD 20832
BROOKE MANOR Subdivision
New Listing - 24 hours online
$699,000
Single Family Home For Sale
Active
4
BED
4
TOTAL BATHS
3,919
SQFT
18511 Viburnum Way
Olney, MD 20832
ASHLEY HOLLOW Subdivision
New Listing - a week online
$700,000
Single Family Home For Sale
Active Under Contract
4
BED
5
TOTAL BATHS
4,100
SQFT
17707 Little Haven Lane
Olney, MD 20832
HALLOWELL Subdivision