Today’s View – November 29, 2014 – Olney, Md. 20832
This is a market report on detached homes in Olney, Md. 20832. At the time of this report (11/29/2014) there are 33 such homes on the market FOR SALE, another 23 under contract, and 16 that have sold in the last 30 days. This is an absorption rate (Active/Sold) of 2.06 months, what is considered a sellers market.
This inventory of homes (73) is almost evenly split between 2 (32) and 3 (33) bath homes, with the remainder have 4 or 5 baths. Most of these homes (47) come with 2 car garages.
Three Bedrooms
There are 2 three-bedroom detached homes in this area on the market for sale. These homes range in price from a low of $433,000 to $485,000, with the median being $459,000. Both of these homes have been on the market for 1 month (30 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 $419,000 after being the market for less than a week(4 days), while the other is listed for $429,900 and has been on the market for over 2.5 months (79 days).
Four three-bedroom detached homes in Olney have successfully completed the sales process in the last 30 days. These homes sold for between $382,000 and $522,000, with the median being $431,950. The days on market for these homes ranges from approaching a week (6 days) to approaching 2 months (50 days) with the median being 1.5 months (46 days).
Four Bedrooms
Clearly a majority of the detached homes on the market for sale in Olney are the 23 four-bedroom homes. These homes range in price from a low of $414,750 to $1,170,950, with the median being $549,990. The days on market for these homes ranges from 1 day to approaching 11 months (320 days) with the median being 2.5 months (75 days).
There are 15 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 $429,900 to $1,122,5789 with the median being $579,900. The days on market for these homes ranges from approaching a week (4 days) to over a year (386 days) with the median approaching 1.5 months (40 days).
In the last 30 days, 10 four-bedroom detached homes in Olney have successfully completed the sales process. These homes sold for between $295,000 and $982,040, with the median being $607,450. The days on market for these homes ranges from a single day to approaching 6.5 months (192 days) with the median approaching 2 month (52 days).
Five Bedrooms
There are 7 five-bedroom detached homes in this area on the market for sale in Olney. These homes range in price from a low of $479,987 to $850,000, with the median being $549,900. The days on market for these homes ranges from 2 weeks (15 day) to approaching 4 months (119 days) with the median being 2.5 months (73 days).
There are also 4 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 $719,900 with the median being $614,500. The days on market for these homes ranges from 1 week (7 days) to approaching 2 months (109 days) with the median being 2 weeks (16 days).
Two five-bedroom detached homes in Olney have successfully completed the sales process in the last 30 days. One home sold for $599,000 after being on the market for approaching 2 weeks (12 days), while the other sold for $1,272,000 after being on the market for approaching 6 months (177) days,
Six Bedrooms
There is 1 six-bedroom detached home in Olney on the market for sale at this time. This home is currently listed at $649,900 and has been on the market for approaching 1.5 months (71 days).
There also 2 six-bedroom detached homes in this area under some form of contract. The last known list price of these home being $679,900 after being on the market for approaching 4 months (114 days) and $1,044,495 after being 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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