Altos Market Data for Realtors

Olney, MD

Single-Family Homes

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Olney, MD

Tue Mar 19 2024
This week the median list price for Olney, MD is $712,449 with the market action index hovering around 59. This is an increase over last month's market action index of 56. Inventory has increased to 6. Click here to stay informed with the Olney market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Market appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Olney, MD

Tue Mar 19 2024
This week the median list price for Olney, MD is $712,449 with the market action index hovering around 59. This is an increase over last month's market action index of 56. Inventory has increased to 6. Click here to stay informed with the Olney market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Market appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Olney market.
Median List Price $712,449
Median Price of New Listings $692,450
Per Square Foot $260
Average Days on Market 11
Median Days on Market 0
Price Decreased 17%
Price Increased 0%
Relisted 0%
Inventory 6
Median Rent
Market Action 59
Strong Seller's Market

This week saw relatively little price change from last week. However, prices continue demonstrate a nice up trend in general over the last several weeks.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$1,900,000 6,172 5 - 10 acres 6 4 87 0 0 7
$975,000 4,194 0.25 - 0.5 acre 4 3.5 24 1 0 0
$712,449 2,628 1 - 2.5 acres 5 2.8 55 1 1 28
$462,500 2,032 0.25 - 0.5 acre 3 2 51 2 0 0