The Olney housing market is most competitive. Homes in Olney receive 5 offers on average and sell in around 9 days. The median sale price of a home in Olney was $668K last month, up 9.8% since last year. The median sale price per square foot in Olney is $283, up 0.7% since last year.
In April 2024, Olney home prices were up 9.8% compared to last year, selling for a median price of $668K. On average, homes in Olney sell after 9 days on the market compared to 7 days last year. There were 42 homes sold in April this year, up from 27 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$667,550
+9.8% YoY | Apr 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Apr 2024
Growth
% YoY
Olney, MD
$667,550
+9.8%
United States
To compare other locations to the Olney and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Olney add value to a home.
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How hot is the Olney housing market?
Olney is most competitive. Homes sell in 7 days.
0
100
93
Most Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
Most homes get multiple offers, often with waived contingencies.
The average homes sell for about 3% above list price and go pending in around 7 days.
Hot homes
can sell for about 7% above list price and go pending in around 4 days.
This data does not reflect actual moves. The latest migration analysis is based on a sample of about two
million Redfin.com users who searched for homes across more than 100 metro areas. To be included in this dataset, a Redfin.com user
must have viewed at least 10 homes in a three month period. This dataset excludes all rentals data.
Home offer insights for Olney
Explore recent offers and recently sold homes in Olney
Recent offers
Offer Not Accepted|
8 Weeks Ago
~$850K Offer
Sold for $900K
5bd | 2.5ba | ~2,250sqft
Over List Price
0%
Days on Market
5
Competing Offers
4
Down Payment
~20%
Lisa Greaves
Olney Redfin Agent
Our offer escalated to 3% over list price with full contingencies and a rent-back equal to the buyer's carrying costs. The winning offer had no contingencies and a free rent back.…
More
Offer Not Accepted|
11 Weeks Ago
~$700K Offer
Sold for $750K
4bd | 3ba | ~3,000sqft
Over List Price
0%
Days on Market
5
Competing Offers
9
Down Payment
<10%
Lisa Greaves
Olney Redfin Agent
We offered almost 4% over the asking price, but there were multiple offers that were 7% over asking and a couple that escalated over 10% above asking price with no contingencies.…
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Olney housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Olney.
Risk Factor
Flood Factor - Minor
7% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Olney has a minor risk of flooding. 540 properties in Olney are likely to be
severely affected
by flooding over the next 30 years. This represents 7% of all properties in Olney. Flood risk is increasing slower than the national average.
51% of properties are at risk of wildfire over the next 30 years
Fire Factor
Olney has a moderate risk of wildfire. There are 6,234 properties in Olney that have some risk of being affected by wildfire over the next 30 years. This represents 51% of all properties in Olney.
100% of properties are at moderate
risk of a severe wind event over the next 30 years
Wind Factor
Olney has a Moderate Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Olney is most at risk from hurricanes. 12,066 properties in Olney have some risk of being in a severe wind event within the next 30 years.
Wind likelihood over time
If an exceedingly rare windstorm
(a 1-in-3,000 year storm event)
occurred today, it could cause wind gusts of up to 64 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 78 mph.