Altos Research

Olney, MD

Single-Family Homes

Market Data for Realtors. Schedule a demo today at altos.re.



Olney, MD

Tue Aug 20 2019
This week the median list price for Olney, MD is $634,000 with the market action index hovering around 54. This is about the same as last month's market action index of 54. Inventory has held steady at or around 25. Click here to stay informed with the Olney market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Strong Seller's Market

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Olney, MD

Tue Aug 20 2019
This week the median list price for Olney, MD is $634,000 with the market action index hovering around 54. This is about the same as last month's market action index of 54. Inventory has held steady at or around 25. Click here to stay informed with the Olney market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Strong Seller's Market

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Olney market.
Median List Price $634,000
Per Square Foot $186
Days on Market 76
Price Decreased 32%
Price Increased 20%
Relisted 16%
Inventory 25
Median House Rent $2,800
Most Expensive $1,248,995
Least Expensive $499,000
Market Action Index
Strong Seller's Market
54

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

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
$1,209,495 5,737 0.5 - 1 acre 4 4 0 0 0 85
$773,500 4,590 0.25 - 0.5 acre 4 3 21 0 0 115
$599,945 3,254 0.25 - 0.5 acre 4 3 32 2 1 59
$524,900 2,818 0.25 - 0.5 acre 4 3 39 2 1 51