$3,741 Closing Credit*
$315,000
2,000 SqFt
4 Beds
•3 Full Baths, 1 Partial
Dennis Joel Greene Jr., Listing Office: Keller Williams Real Estate - Newtown
Is Olney, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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, PA
How much do homes in Olney, PA cost?
Median Sold Price
$195,000
$146/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$25,000(+14.7%)
Key Takeaway
Homes in Olney have sold for 14.7% more than they did a year ago.
Summary: The median home sold price in Olney was $195,000 in November 2024, up 14.7% from last year, and the median price per square foot was $146.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $174K | $140K | -19.5% |
| 3 Bedrooms | $165K | $190K | +15.2% |
| 4 Bedrooms | $207.5K | $225K | +8.4% |
| 5+ Bedrooms | $214.2K | $275K | +28.4% |
Summary: Olney housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 19.5%, 3 bedroom homes increased by 15.2%, 4 bedroom homes increased by 8.4%, and 5+ bedroom homes increased by 28.4%.
Median Sold Price Compared To Nearby Neighborhoods
| Olney | $170K | $195K | +14.7% |
| Logan | $127K | $145K | +14.2% |
| East Oak Lane | $240K | $265K | +10.4% |
| Crescentville | $199.9K | $217K | +8.5% |
| Feltonville | $165K | $172.2K | +4.4% |
Housing Supply in Olney, PA
How many homes are available in Olney, PA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 62 | 65 | +4.8% |
Summary: The Olney real estate market had 65 homes for sale in November 2024, a 4.8% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 2 | +100.0% |
| 3 Bedrooms | 54 | 57 | +5.6% |
| 4 Bedrooms | 7 | 6 | -14.3% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Olney housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 5.6%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 12 | 15 | +25.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Olney, you may be able to get a good deal. 46.7% of homes here sold below asking price last month.
Summary: A total of 15 homes were sold or pending in Olney in November 2024, up by 25.0% month-over-month. Of the 15 sold homes, 47% were sold under asking, 33% were sold at asking, and 20% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 28 Days | 44 Days | +55.5% |
Summary: Homes in Olney had an average of 44 days on market in Nov 2024, up by 55.5% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
4 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 November 2024, 15 homes were sold in Olney; 60% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.
