Is Oliver, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Oliver was a Seller's Market.
Key Takeaway
Oliver is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Oliver, MD
How much do homes in Oliver, MD cost?
Median Sold Price
$177,750
$114/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Oliver have sold for 3.4% less than they did a year ago.
Summary: The median home sold price in Oliver was $177,750 in May 2024, down 3.4% from last year, and the median price per square foot was $114.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $149.9K | $122.5K | -18.3% |
| 3 Bedrooms | $173K | $195K | +12.7% |
| 4 Bedrooms | $220.7K | $199.4K | -9.7% |
| 5+ Bedrooms | $289K | $112K | -61.2% |
Summary: Oliver housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 18.3%, 3 bedroom homes increased by 12.7%, 4 bedroom homes decreased by 9.7%, and 5+ bedroom homes decreased by 61.2%.
Median Sold Price Compared To Nearby Neighborhoods
| Oliver | $184K | $177.7K | -3.4% |
| East | $143.9K | $123.6K | -14.1% |
| Broadway East | $85K | $63K | -25.9% |
Housing Supply in Oliver, MD
How many homes are available in Oliver, MD?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 44 | 49 | +11.4% |
Summary: The Oliver real estate market had 49 homes for sale in May 2024, a 11.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 8 | 8 | 0.0% |
| 3 Bedrooms | 16 | 18 | +12.5% |
| 4 Bedrooms | 14 | 18 | +28.6% |
| 5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The Oliver housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 12.5%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 4 | 3 | -25.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Oliver, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in Oliver in May 2024, down by 25.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 33% were sold at asking, and 67% were sold over asking.
Days on Market for Oliver, MD
How long does it take to sell a home in Oliver, MD?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 32 Days | 22 Days | -29.2% |
Summary: Homes in Oliver had an average of 22 days on market in May 2024, down by 29.2% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Oliver are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 3 homes were sold in Oliver; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
