Is Olney, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Olney is a 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

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $174K$140K
-19.5%
3 $165K$190K
+15.2%
4 $207.5K$225K
+8.4%
5+ $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
+14.7%
Logan
+14.2%
East Oak Lane
+10.4%
Crescentville
+8.5%
Feltonville
+4.4%

Housing Supply in Olney, PA

How many homes are available in Olney, PA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
6265+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

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 12
+100.0%
3 5457
+5.6%
4 76
-14.3%
5+ 00
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 2024Nov 2024CHANGE
1215+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

Asking vs Sold - buyer

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 2023Nov 2024CHANGE
28 Days44 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

Breakdown of Home Sale Times

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

Newest Listings in Olney, PA

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