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.
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.
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.
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.
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.