Today’s View – June 18, 2013 – Olney, Md. 20832 – Townhouses

Today’s View – June 18, 2013 – Olney, Md. 20832 – Townhouses

This is a market report for Townhouses in Olney, Md. 20832.  At the time of this report (05/18/13) there are ten townhouses on the market FOR SALE, another 22 under some form of contract, and nine that have sold in the last 30 days. Thus the absorption rate (active / sold) calculates out to be just over a month’s worth inventory, a seller’s market.

Two Bedrooms

There are two two-bedoom Townhouses currently on the market for sale in Olney, Md.  These homes are listed for $209,000 and $239,000.  The days on market for both of these homes is less than a week.

There are three two-bedroom townhouses in Olney currently under some form of contract.  The last known list price of these homes ranges from $149,900 to $325,000; with the median being $234,500.  These home have been on the market for between a day and a month and a half (43 days), with the median being less than two weeks (12 days).

One two-bedroom townhouse in Olney has sold in the last thirty days.  This home sold for $230,000 after being on the market for just over a month and a half (48 days).

Three Bedrooms

Clearly the majority of the Townhouse on the market for sale in Olney are those with a three bedroom configuration. There are seven three-bedroom townhouses in this area on the market for sale. These townhouses are currently listed for between $234,900 and $415,000.  The days on market for these homes range from less than two weeks (12 days) to over two months (68days), with the median being less than a month (26 days).

There are 18 three-bedroom townhouses in the area that are under some form of contract.  The last known list price of these homes ranged from $190,000 to $429,900, with the median being $335,000.  The days on market for these homes ranges from just two days to approaching five months (140 days) with the median being two weeks (14 days).

In the last 30 days, five three-bedroom townhouses in the area have successfully completed the sales process. The closing price of these homes ranged from $255,100 to $429,999, with the median being $325,000.  The days on market for these homes ranged from three days to nearly four months (114 days), with the median being just over a month (35 days).

Four Bedrooms

Currently there is one four-bedroom townhouse on the market for sale in the market area.  This home is listed for $329,000 and has been on the market for a month (30 days). There is also one four-bedroom townhouse currently under contract in the report area.  The last known list price of this home is $246,500 and was on the market for nearly two months (53 days).

In the last 30 days, three four-bedroom townhouses in the area have successfully completed the sales process. The closing price of these homes ranged from $315,000 to $355,000 with the median being $328,000.  The days on market for these homes ranged from a day to nearly a week (6 days), with the median being just three days.

If you have any questions about this report, here is a way to ask me. I look forward to helping you with your real estate needs.