Today’s View – Jan. 11, 2019 – Olney, Md. 20832 – Detached Homes
This is a market report for existing detached homes in Olney, 20832. At the time of this report (1/11/19) not including new construction 13 such homes are on the market FOR SALE, another 9 under contract, and 16 have sold in the last 30 days. The Absorption Rate (Active/30 day sold) is .8 which is considered a seller’s market.
While the minimum lot size is just .15 acres and the maximum lot size is 9.98 acres, the median is .34 acres.
While no listings came to market last week, 1 of those under contact did so last week, and 1 completed the settlement process last week.
Two Bedroom Homes
Currently, there is 1 2-bedroom existing detached home in Olney on the market for sale. This home is listed for $299,000 and has been on the market for 1.5 months (41 days). There are no two-bedroom homes under contract at this time and no have successfully completed the sales process in the last 30 days,
Three Bedrooms Homes
Currently, there is 1 three-bedroom existing detached home in Olney on the market for sale. This home is currently listed for $699,328 and has been on the market for 1 month (30 days).
There are 2 three-bedroom detached homes in Olney that are under some form of contract. The last known list prices of these homes being $475,000 after being on the market for 3 weeks (19 days) and $489,000 after being on the market for 1.5 months (45 days).
In the last 30 days, 6 three-bedroom detached homes in Olney have successfully completed the sales process. The closing price of these homes ranged from $350,000 to $512,000, with the median being $459,900. The days on market for these homes ranged from 1 week (6 days) to approaching 2 months (54 days) with the median being 1 month (33 days).
.Four Bedroom Homes
There are 7 four-bedroom existing detached homes in Olney on the market for sale. These homes range in price from a low of $559,950 to $1,238,995, with the median being $869,990. The days on the market for these homes ranges from approaching 3 weeks (21 days) to 6 months (178 days) with the median 4 months (123 days).
There are 4 four-bedroom detached homes in Olney that are under some form of contract. The last known list price of these homes ranged from $430,000 to $700,000, with the median being $529,450. The days on market for these homes ranged from approaching 2 weeks (11 days) to 5 months (151 days) with the median being 3 months (97 days).
In the last 30 days, 7 four-bedroom existing detached homes in Olney have successfully completed the sales process. The closing price of these homes ranged from $442,000 to $720,000, with the median being $550,000. The days on market for these homes ranged new to the market (2 days) to 6 months (182 days) with the median being 2 months (65 days).
Five Bedroom Homes
There are 2 five-bedroom detached homes in Olney that are currently on the market for sale. The last known list price of these homes being $625,000 after being on the market for 1 month (29 days) and $788,450 after being on the market for 2 months (64 days).
There are 3 five-bedroom detached homes in Olney that are under some form of contract. The last known list price of these homes ranged from $469,000 to $1,199,900, with the median being $499,000. The days on market for these homes ranged from approaching 3 months (80 days) to approaching 8 months (232 days) with the median being 6 months (185 days).
In the last 30 days, 3 five-bedroom existing detached homes in Olney have successfully completed the sales process. The closing price of these homes ranged from $505,000 to $720,000, with the median being $575,000. The days on market for these homes ranged from 1 week (7 days) to 4 months (126 days) with the median being 1.5 months (45 days).
Six Bedroom Homes
Currently, there is 1 six-bedroom existing detached home on the market for sale in Olney. This home is currently listed for $1,250,000 after being on the market for 2 months (67 days) . There are no six-bedroom homes under any form of contract and none have successfully completed the sale process in the last 30 days.
Seven Bedroom Homes
Currently, there is 1 seven-bedroom existing detached home on the market for sale in Olney. This home is currently listed for $949,000 after being on the market for approaching 3 weeks (18 days). There are no seven-bedroom homes under any form of contract and none have successfully completed the sale process in the last 30 days.
If you have any questions about this report, please contact me. I look forward to helping you with your real estate needs. Similar posts can be found on my blog talking about townhouses in Olney and homes in the surrounding area as well.
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