Olney Home Sales Report for May 2016

Montgomery County Real Estate

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Olney Housing Market

How's the Real Estate Market in Olney MD?

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

Olney Housing Market

- average sold price was $3418,579 compared to last year's $419,008

- average days on market to sell a home went to 56 days from 58 days

- average sold price sellers were getting changed from 96.6%  to 96.4%

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

Olney Homes Sold

Through May 2016 there were 65 single family homes, 41 townhouses and 31 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 13 cash buyers (often investors) 9.4% of the 137 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 56 compared to 58 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: