Property prices for sale in Olney (Maryland)

The prices in real estate in Olney, in the Maryland region have had a minor rise in the last couple of months. The real estate prices for second hand homes have risen in this city.

$505,022.67
Average price last 6 months
$360
Price/sq.feet last 6 months
Average price per sq.feet

The price per sq.feet in Olney has increased during the last 6 months. In April, the average price per sq.feet was $322. In the following month the price per sq.feet increased to $344. The price for the following two months in (June, July) had a considerable increment of 161 %. The price per sq.feet has had a considerable deflation of 49 % 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 $434.5 to $211 during August, and September.

Average price

Based upon to the price in Olney (cities), this has gone up in the last 6 months. The price in April is $473,005, rising in May till $498,938. In the following two months the average price has remained the same with regard to the previous two months from $485,971.5 to $473,800. Based on an analysis of the first four prices and the last two months the average price has risen strongly 116 % during the last two months.

Average price per bedrooms

The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $572,968 they are 60 % more affordable than the average price for Olney. The properties with the lowest average price have 2 bedrooms, Their price is 33 % cheaper than the average. After that we have properties with 4 bedrooms priced at $382,981.

With regard to the average price per sq.feet , those properties with 4 bedrooms are the most costly ones at a cost of $718 / sq.feet, with an average $215 / sq.feet price in Olney. The properties with the highest average prices have 1 bedroom. They are 6468 % more expensive than the average followed by properties with 2 bedrooms with a price at $723 / sq.feet.

Price per property type

The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of $572,968 it is 33 % cheaper than the average price in Olney. "Commercial Property" is seen as the second most affordable property type. The dearest property type is "Commercial Property" followed by "House". At a price of $382,981 it is 1 % more expensive than the average price.

According to the average cost per sq.feet, the most expensive property type would be "House" at an average cost of $718 / sq.feet followed by "Commercial Property" priced at $991 / sq.feet. "Commercial Property" is the most costly type of property with a $991 / sq.feet cost followed by "House" with an average price of $718 / sq.feet.

Charts data
Average price September
Average price per sq.feet September
Number of properties used in Olney
Number of properties used in region Maryland
$572,968
$215
900
415,464
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value