Today’s View – September 3, 2014 – Olney, Md. 20832
This is a market report on detached homes in Olney, Md. 20832. At the time of this report (9/3/2014) there are 51 such homes on the market FOR SALE, another 27 under contract, and 20 that have sold in the last 30 days. This is an absorption rate (Active/Sold) of 2.5 months a Seller’s market.
This inventory of homes (98) is almost evenly split between 2 (40) and 3 (45) bath homes. There are a few (11) with 4 baths and some (2) with 5 baths.
Two Bedrooms
There is 1 two-bedroom home on the market for sale in Olney at the time of this report. The home is currently listed for $439,000 and has been on the market for over a month (39 days). There are no two-bedroom homes in the report area under any form of contract and none have successfully completed the sales process in the last 30 days.
Three Bedrooms
There are 6 three-bedroom detached homes in this area on the market for sale. These homes range in price from a low of $399,900 to $489,900, with the median being $454,450. The days on market for these homes ranges from nearly a week (5 days) to approaching 2 months (55 days) with the median approaching 3 weeks (21 days).
There are 3 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 $390,000 to $459,900, with the median being $439,000. The days on market for these homes ranges from nearly 2 weeks (11 days) to nearly 3 months (83 days), with the median approaching 2 week as well (12 days).
Four three-bedroom detached homes in Monrovia have successfully completed the sales process in the last 30 days. These homes sold for between $395,000 and $460,000, with the median being $427,500. The days on market for these homes ranges from approaching a week (6 days) to approaching 3 months (86 days) with the median being 3 weeks (21 days).
Four Bedrooms
Clearly a majority of the detached homes on the market for sale in Olney are the 34 four-bedroom homes. These homes range in price from a low of $345,000 to $1,599,990, with the median being $577,450. The days on market for these homes ranges from 1 week (7 days) to 11 months (328 days) with the median being 1.5 month (42 days).
There are 18 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 $439,000 to $977,010 with the median being $681,151. The days on market for these homes ranges from approaching a week (4 days) to over a year (386 days) with the median being 1.5 months (42 days).
In the last 30 days, 13 four-bedroom detached homes in Olney have successfully completed the sales process. These homes sold for between $415,000 and $803,015, with the median being $609,000. The days on market for these homes ranges from less than a week (1 day) to over 3 months ( 99 days) with the median over a month (37 days).
Five Bedrooms
There are 9 five-bedroom detached homes in this area on the market for sale. These homes range in price from a low of $554,000 to $1,430,900 with the median being $649,000. The days on market for these homes ranges from approaching 2 weeks (11 days) to over 5 months (160 days) with the median being 1.5 months (43 days).
There are also 5 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 $749,900 with the median being $499,000. The days on market for these homes ranges from a week (6 days) to approaching 2 months (55 days) with the median approaching 2 weeks (12 days).
Three five-bedroom detached homes in Olney have successfully completed the sales process in the last 30 days. These homes sold for between $507,000 and $609,000, with the median being $595,000. The days on market for these homes ranges from a week (7 days) to nearly 3 months ( 83 days) with the median being 1.5 months (45 days).
Six Bedrooms
There is 1 six-bedroom detached home in Olney on the market for sale at this time. This homes is currently listed at $679,900 and has been on the market for just over 2 months (67 days).
There also 1 six-bedroom detached homes in this area under some form of contract. The last known list price of this home is $1,044,495 and was on the market for just over a week (9 days).
No six-bedroom detached home in Olney have successfully completed the sales process in the last 30 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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