Today’s View – February 9, 2012 Olney, Md. – Detached Homes
This is a market report for detached and semi-detached homes in Olney, Md. Not included in this report are those new homes under construction.. At the time of this report (02/09/2012) there are 35 such homes on the market FOR SALE, 30 under contract, and another 7 that have sold in the last 30 days.
Three Bedrooms
There are no three-bedroom detached homes in Olney for sale at the time of this report. No three-bedroom detached homes in the report area have completed the sales process in the last 30 days either.
There are six three-bedroom detached homes in the report area that are under some form of contract. The last known list price of these homes ranged from $179,900 to $625,000, with the average being $386,950. The days on market for these homes ranges from a low of nearly three week (22 days) to approaching five (140 days) with the average being three months (90 days).
Four Bedrooms
Clearly, the majority of the detached homes on the market in Olney are the 17four-bedroom homes for sale. These homes range in price from a low of $374,900 to $659,900, with the average being $487,958. The days on market for these homes ranges from less than a week (2 days) to approaching seven months (202 days), with the average being nearly three months (89 days).
There are 18 detached homes in this market place that are under some form of contract. The last known list price of these homes ranged from $299,000 to $620,000, with the average being $460,425. The days on market for these homes ranged from five days to approaching 11 months (326 days) with the average approaching three months (87 days).
In the last 30 days four four-bedroom detached homes in Olney have successfully completed the sales process. The closing price of these homes ranged from $360,000 to $572,500, with the average being $468,075. The days on market for these homes ranged from just over three week (23 days) to over six months (195 days) with the average approaching four months (107 days).
Five Bedrooms
There are 13 five-bedroom detached homes in Olney for sale. These homes range in price from a low of $420,000 to $1,150,000, with the average being $720,554. The days on market for these homes ranges from less than a week (3 days) to approaching 10 months (287 days) with the average approaching fivemonths (142 days).
There are another five five-bedroom detached homes in this report area that are under some form of contract. The last known list price of these homes ranges from $499,900 to $800,000, with the average being $659,180. The days on market for these homes ranged from nearly two weeks (13 days) to over seven months (212 days) with the average approaching three months (78 days).
In the last 30 days, two five-bedroom detached home in Olney have successfully been sold. The closing prices of these homes being $565,000 and $620,000, The days on market for these homes ranged from over a month (45 days) to over seven months (214 days) .
Six Bedrooms
There are four six-bedroom detached homes in Olney for sale. These homes range in price from a low of $535,000 to $1,395,000, with the average being $775,750. The days on market for these homes ranges from a day to nearly six months (177 days) with the average being nearly three months (89days).
There is one six-bedroom detached home in the report area that is under some form of contract. The last known list price of this home is $999,000 and was on the market for over five months (154 days).
In the last 30 days one six-bedroom detached home in Olney has successfully completed the sales process. This home sold for $350,000 after being on the market for two months (59 days).
Seven Bedrooms
There is one seven-bedroom detached home in Olney for sale. This home is currently listed for $544,900 and has been on the market for over three months (102 days). There are no seven-bedroom homes in Olney under and form of contract and none have successfully completed the sales process in the last 30 days.
If you have any questions about this report, please call me or send me an email. I look forward to helping you.
