$9,202 Closing Credit*
$774,900
2,789 SqFt
5 Beds
•3 Full Baths, 1 Partial
Robert J Lucido, Listing Office: Keller Williams Lucido Agency
Is Olney, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Olney has remained a Seller's Market.
Key Takeaway
Olney is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Olney, MD
How much do homes in Olney, MD cost?
Median Sold Price
$655,000
$283/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$5,000(+0.8%)
Key Takeaway
Homes in Olney have sold for 0.8% more than they did a year ago.
Summary: The median home sold price in Olney was $655,000 in October 2024, up 0.8% from last year, and the median price per square foot was $283.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $148.7K | $159K | +6.9% |
| 2 Bedrooms | $309K | $321K | +3.9% |
| 3 Bedrooms | $525K | $527.5K | 0.5% |
| 4 Bedrooms | $702.5K | $756.2K | +7.6% |
| 5+ Bedrooms | $857.5K | $870K | +1.5% |
Summary: Olney housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.9%, 2 bedroom homes increased by 3.9%, 3 bedroom homes increased by 0.5%, 4 bedroom homes increased by 7.6%, and 5+ bedroom homes increased by 1.5%.
Median Sold Price Compared To Nearby Neighborhoods
| Olney Oaks | $620K | $684.5K | +10.4% |
| Olney | $650K | $655K | +0.8% |
Housing Supply in Olney, MD
How many homes are available in Olney, MD?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 75 | 83 | +10.7% |
Summary: The Olney real estate market had 83 homes for sale in October 2024, a 10.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 11 | 9 | -18.2% |
| 3 Bedrooms | 25 | 27 | +8.0% |
| 4 Bedrooms | 26 | 29 | +11.5% |
| 5+ Bedrooms | 13 | 18 | +38.5% |
Summary: The Olney housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 18.2%, 3 bedroom homes increased by 8%, 4 bedroom homes increased by 11.5%, and 5+ bedroom homes increased by 38.5%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 20 | 32 | +60.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
23 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Olney, you could pay more than the asking price. 71.9% of homes here sold above asking price last month.
Summary: A total of 32 homes were sold or pending in Olney in October 2024, up by 60.0% month-over-month. Of the 32 sold homes, 9% were sold under asking, 19% were sold at asking, and 72% were sold over asking.
Days on Market for Olney, MD
How long does it take to sell a home in Olney, MD?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 11 Days | 13 Days | +22.9% |
Summary: Homes in Olney had an average of 13 days on market in Oct 2024, up by 22.9% compared to last year.
Breakdown of Home Sale Times
29 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Olney are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 32 homes were sold in Olney; 91% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
