Olney, MD Foreclosures
How much do homes sell for in Olney, MD?
The average home price is currently $693,703.
In Olney, MD, how many homes are available?
There are currently 29 active home listings available in Olney.
What’s the average rental cost in Olney, MD?
The average rental price in Olney is $2,503.
What is the most expensive home in Olney?
The most expensive home sold in Olney had a price of $108,062,400.
What is currently the cheapest priced home in Olney, MD?
The cheapest home for sale in Olney is priced at $30,585.
Living in Olney, MD
Olney, MD is a picturesque suburban community in Montgomery County known for its family-friendly environment, excellent schools, and abundant outdoor activities. With easy access to Washington D.C. and a range of local amenities, Olney combines the best of suburban living with the conveniences of city life.
Current Market Conditions in Olney, MD
The real estate market in Olney, MD shows a strong and stable performance, with an increase in demand for homes as more buyers look for spacious properties in suburban areas. The appeal of Olney’s good schools and abundant parks has led to competitive bidding situations, particularly for single-family homes. As of recent months, average sale prices have risen steadily, suggesting a healthy appreciation in property values, which may be indicative of an expanding market and growing interest in the area.
There has been a noticeable trend towards families seeking larger homes with remote workspaces, given the shift in work dynamics post-pandemic. This has likely influenced buyers to consider suburban locations like Olney that offer more home space at comparatively affordable prices than urban centers. Additionally, with new developments in residential neighborhoods catering to families and retirees, the area is predicted to continue experiencing growth.
Home Value Estimator For Olney, MD
There are currently 8,894 real estate properties
in Olney, MD,
with a median automated valuation model (AVM) price
of $652,854.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Olney, MD, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Olney, MD,
is $693,703.00, with the most expensive house
in Olney, MD, topping out
at $108,062,400.00 and the cheapest home
in Olney, MD,
clocking in at $30,585.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Olney, MD!
Rent Prices
In Olney, MD
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Olney, MD, is on
a rollercoaster ride. The
average rent price in Olney, MD,
is $2,503.00. Indeed, when looking to rent in
Olney, MD, you can expect to pay as little
as $1,210.00 or as much
as $5,380.00,
with the average rent median estimated to
be $2,450.00. The good news is that finding
an affordable and desirable property to rent in Olney, MD
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
Learn more on Foreclosure homes
