Property prices for sale in Olney (Maryland)
The prices in real estate in Olney, in the Maryland region have remained the same in the last couple of months. The real estate prices for second hand homes have remained in this city.
The price per sq.feet in Olney has remained the same in the last 6 months. In November, the average price per sq.feet was $288. In the following month the price per sq.feet increased to $308. In the following two months the price per sq.feet has barely changed, going from $298 to $303 per sq.feet. The price per sq.feet has decreased 90 % 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 $300.5 to $271 during March, and April.
Based upon to the price in Olney (cities), this has gone up considerably in the last 6 months. In our first sample month during November, the average price is $587,129. In December This price remains at $575,890. During the following two months (January, February) the average price had a considerable increase of 116 % 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 risen strongly 123 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $745,411 they are 71 % more affordable than the average price for Olney. The properties with the lowest average price have 3 bedrooms, Their price is 47 % cheaper than the average. After that we have properties with 4 bedrooms priced at $371,641.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $184 / sq.feet, with an average $264 / sq.feet price in Olney. The properties with the highest average prices have 4 bedrooms. They are 161 % more expensive than the average followed by properties with 2 bedrooms with a price at $235 / sq.feet.
The graph displaying the average prices displays the property type "Detached House" as the most affordable one. At an cost of $745,411 it is 71 % cheaper than the average price in Olney. "Condo" is seen as the second most affordable property type. The cheapest type property is "Commercial Property" followed by "House". At a price of $371,641 it is 26 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Condo" at an average cost of $203 / sq.feet followed by "House" priced at $688 / sq.feet. "Detached House" is the most costly type of property with a $13,329 / sq.feet cost followed by "Commercial Property" with an average price of $936 / sq.feet.
