The rent prices in real estate in Olney, in the Maryland region have fallen considerably in the last couple of months. There has been a strong fall in the rent prices in this city.
The price per sq.feet in Olney has had a strong fall during the last 6 months. In July, the average price per sq.feet was $12.56. In the following month the price per sq.feet fell considerably to $1.38. The price for the following two months in (September, October) had a considerable fall of 19 with regard to the previous two months. The price per sq.feet has had a considerable fall of 37 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.feet of $4.16 to $1.53 during November, and December.
When referring to the price in Olney (cities), this has risen considerably in the last 6 months. The average price for July is $1,869. During August the price had a considerable fall till $1,486. During the following two months (September, October) the average price had a considerable rise of 139 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 121 % during the last two months.
The graph displaying the average rent price for bedrooms illustrates that those properties with 1 bedroom are the most affordable ones. At a price of $2,360 they are 54 % more affordable than the average price for Olney . The properties with the lowest average price have 3 bedrooms, Their price is 16 % more affordable than the average. After that we have properties with 4 bedrooms priced at $1,844.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most expensive ones at a cost of $6 / sq.feet, with an average $1.64 / sq.feet price in Olney. The properties with the most expensive average prices have 2 bedrooms. They are 754 % more expensive than the average followed by properties with 3 bedrooms with a price at $6 / sq.feet.
According to average price per property type in Olney, "" priced at $1,844 is 22 % lower than the average price ($2,360) in this city.