Contracts High Point in Olney Real Estate Market

The Olney market reported 26 contracts in the last 30 days, the highest amount since July. This might lead to the end of the current five-week downward trend in sales, which hit 15 in the same period. In comparison, the Richmond neighborhood had 64 contracts executed in the same time frame, the most of all close-by neighborhoods. As contracts hit a new high, the median sales price fell in response, trending downwards for four weeks to reach $69,000. Olney is a strong buyer's market, due to falling prices and a large seven months of inventory left.

Trying to find a home at a bargain price? Take a look at these affordable homes in Olney:

$102K   $104K   $104K  

Get started right now by checking out Olney homes for sale or reviewing Olney real estate trends.

Demographic facts for Olney:

  • The rating for this area for population growth is 38. (Scale: 1 = Worst, 100 = Best)
  • The ratio for physicians is 465.7 for every 100,000 people.
  • This area has a health cost index score of 109.3. (100 = national average)
  • Residents who travel to work by car account for 55.9% of all commuters, while carpools account for 15.0%, and public transit makes up 24.8%.

Data reported through 10/12/2016

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