Olney Home Sales Report November 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 November 2016, compared to last year at this time:

Olney Home Sales

- average sold price was $436,595 compared to last year's $430,076

- average days on market to sell a home went to 55 days from 50 days

- average sold price sellers were getting changed from 97.1  to 96.8%

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

Olney Homes Sold

Through November 2016 there were 170 single family homes, 113 townhouses and 67 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 31 cash buyers (often investors) 8.8% of the 350 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 55 compared to 50 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: