$2,969 Closing Credit*
$250,000
1,092 SqFt
3 Beds
•1 Full Bath
Ariel Vargas, Listing Office: Vanguard Realty Associates
Is Olney, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Olney was a Seller's Market.
Key Takeaway
Olney is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Olney, PA
How much do homes in Olney, PA cost?
Median Sold Price
$195,000
$145/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$20,000(+11.4%)
Key Takeaway
Homes in Olney have sold for 11.4% more than they did a year ago.
Summary: The median home sold price in Olney was $195,000 in October 2024, up 11.4% from last year, and the median price per square foot was $145.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $173K | $140K | -19.1% |
| 3 Bedrooms | $169.9K | $184.1K | +8.3% |
| 4 Bedrooms | $220K | $225K | +2.3% |
| 5+ Bedrooms | $188.5K | $275K | +45.9% |
Summary: Olney housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 19.1%, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 2.3%, and 5+ bedroom homes increased by 45.9%.
Median Sold Price Compared To Nearby Neighborhoods
| Olney | $175K | $195K | +11.4% |
| Crescentville | $196.4K | $215K | +9.4% |
| East Oak Lane | $240K | $257.5K | +7.3% |
| Logan | $130K | $137.5K | +5.8% |
Housing Supply in Olney, PA
How many homes are available in Olney, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 65 | 62 | -4.6% |
Summary: The Olney real estate market had 62 homes for sale in October 2024, a 4.6% decrease 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 | 0 | 1 | +100.0% |
| 3 Bedrooms | 54 | 54 | 0.0% |
| 4 Bedrooms | 11 | 7 | -36.4% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
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 increased by 100%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 36.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 13 | 10 | -23.1% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Olney, expect to pay close to the asking price. 40% of homes here sold near the asking price last month.
Summary: A total of 10 homes were sold or pending in Olney in October 2024, down by 23.1% month-over-month. Of the 10 sold homes, 20% were sold under asking, 40% were sold at asking, and 40% were sold over asking.
Days on Market for Olney, PA
How long does it take to sell a home in Olney, PA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 41 Days | 39 Days | -5.2% |
Summary: Homes in Olney had an average of 39 days on market in Oct 2024, down by 5.2% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 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, 10 homes were sold in Olney; 70% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
