Olney Real Estate Market Sees Sales Down

Home sales in the Olney market dipped below its average sales volume for the prior 12-month period. In this week's report, they dropped 21.1% to 15 homes sold over the last 30 days. Meanwhile, the Richmond neighborhood reported 40 home sales, the highest number from all of the surrounding neighborhoods. Prices are rising in Olney, and the median sales price this period increased from $89,000 to $92,500.

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Demographic facts about Olney:

  • This area has a total of 8,591 households.
  • The unemployment rate for this area is 10.5%.
  • The average school expenditure per student is $4,851. ($5,691 = national average)

Data reported through 1/11/2017

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