Today’s View – May 29, 2014 – Detached Homes Olney, Md.20832
This is a market report on detached homes in Olney, Md. 20832. At the time of this report (5/29/2014) there are 41 such homes on the market FOR SALE, another 50 under contract, and 18 that have sold in the last 30 days. This is an absorption rate (Active/Sold) of 2.2 months a Seller’s market.
Three Bedrooms
There are 3 three-bedroom detached homes in this area on the market for sale. These homes range in price from a low of $429,000 to $485.000, with the median being $459,900. The days on market for these homes ranges from nearly a month (28 days) to approaching 3 months (85 days) with the median approaching 1.5 month (40 days).
There are 2 three-bedroom detached homes in the area that are under some form of contract. The last known list price of these homes ranges in price from a low of $425,000 to $499,900, with the median being $462,450. The days on market for these homes ranges from nearly a week (6 days) to 9 days, with the median being a week as well (8 days).
Two three-bedroom detached homes in Monrovia have successfully completed the sales process in the last 30 days. These homes sold for between $445,000 and $485,000, with the median being $465,000. The days on market for these homes ranges from approaching 3 weeks (17 days) to approaching a month (28 days) with the median being 3 weeks (23 days).
Four Bedrooms
Clearly a majority of the detached homes on the market for sale in Olney are the 25 four-bedroom homes. These homes range in price from a low of $439,900 to $1,699,990, with the median being $639,611. The days on market for these homes ranges from new to the market (1 day ) to 11 months (331 days) with the median being 1.5 month (45 days).
There are 38 four-bedroom detached homes in this area under some form of contract. The last known list price of these homes ranges from a low of $349,900 to $977,010 with the median being $524,700. The days on market for these homes ranges from a single day to 6.5 months (195 days) with the median being 2 weeks ( 14 days).
Eleven four-bedroom detached homes in Olney have successfully completed the sales process in the last 30 days. These homes sold for between $445,000 and $690,000, with the median being $499,999. The days on market for these homes ranges from less than a week (4 days) to approaching 9.5 months ( 281 days) with the median being 2 weeks (15 days).
Five Bedrooms
There are 13 five-bedroom detached homes in this area on the market for sale. These homes range in price from a low of $379,900 to $1,430,900 with the median being $619,000. The days on market for these homes ranges from a single day to nearly 8.5 months ( 251 days) with the median being just 2 months (60 days).
There are also 8 five-bedroom detached homes in this area under some form of contract. The last known list price of these homes ranges from a low of $460,000 to $825,000 with the median being $602,400. The days on market for these homes ranges from under a week (4 days) to over a month (36 days) with the median approaching 2 weeks (10 days).
Four five-bedroom detached homes in Olney have successfully completed the sales process in the last 30 days. These homes sold for between $634,000 and $805,000, with the median being $725,000. The days on market for these homes ranges from a single day to nearly 3 months ( 84 days) with the median being 3 weeks (19 days).
Six Bedrooms
There are no six-bedroom detached home in Olney on the market for sale at this time.
There are 2six-bedroom detached homes in this area under some form of contract. The last known list price of these homes ranges from a low of $1,044,495 to $1,088,000. The days on market for these homes ranges from a week (9 days) to a month (32 days) with the median being 3 weeks (21 days).
One six-bedroom detached home in Olney has successfully completed the sales process in the last 30 days. This home sold for $760,000 after being on the market for only a week (7 days).
If you have any questions about this report or wanting to discuss the possibility of moving into the community or selling your home please call me, leave me a note, or send me an email. I am looking forward to helping you.
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