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Olney House Prices Olney House Prices

The average house price in Olney is £531,714 using HM Land Registry data.

The average property price increased by £185,709 (56.07%) over the last 5 years and increased by £37,116 (7.74%) over the last 12 months.

Over the last year, there were 79 residential property sales – a decrease of 113 transactions (-143.04%) relative to the previous year. The majority of house sales (20) were in the £250,000 - £356,000 range. Then came properties in the £356,000 - £462,000 range, where 16 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 79 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-12,143 (-2%).

In April 2024, there were 19 new estate agency instructions, 14 agreed home sales and 7 property price reductions.

Postcodes Covered: MK46

5-Year Average Property Prices in Olney

56.07%

Property prices in Olney increased by 56.07% in last 5 years.

The trend shows the general price tendency over the last 5 years, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Average Property Prices in Olney Over the Last Year

7.74%

Property prices in Olney increased by 7.74% in last 12 months.

The trend shows the general price tendency over the last 12 months, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Property Market Heat Gauge for Olney - April 2024

Our Property Market Heat Gauge looks at how long properties in your postcode district have been on the open market before being changed to sold 'Subject to Contract' ('STC') or 'Under Offer' on Rightmove (the UK's leading property portal).

At 61 to 80 days, the broad evidence suggests a slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a market slowdown or a combination of both. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in some relisting the property at a later date). Others simply reduce the price to a level that will entice more buyer interest or approach a sell house fast or auction company like Property Solvers.

Please note that this is not an indicator of how quickly property sales are taking to complete (i.e. to go through the whole conveyancing process). This measurement also does not take into account the risk of home sales falling through.

No. of New Instructions Over the Last 12 Months in Olney

Using local estate agency reported data, this chart illustrates the number of properties that have come on to the market.

No. of Agreed Home Sales Over the Last 12 Months in Olney

Using local estate agency reported data, this chart illustrates the number of property sales agreed. Note that these figures are not fully reflective of properties completed (sold and registered as such at HM Land Registry).

No. of Properties with Price Reductions in Olney

Using local estate agency reported data, this chart illustrates the number of properties which have been seen their prices dropped (typically due to a lack of buyer interest).

Average Annual House Prices in the Olney since 1995

Using HM Land Registry data, this chart displays average annual house prices in the Olney area since 1995.

Recent Property Sales in Olney

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
9 Midland Road, Olney, Milton Keynes, MK46 4BL£300,000£277,000-£23,00015 Sep 202301 Mar 2024168 Days
132 East Street, Olney, Milton Keynes, MK46 4BT£395,000£390,000-£5,00014 Oct 202320 Feb 2024129 Days
8 Johnsons Field, Olney, Milton Keynes, MK46 5JF£450,000£440,000-£10,00002 May 202311 Dec 2023223 Days
24 Johnsons Field, Olney, Milton Keynes, MK46 5JF£545,000£525,000-£20,00014 Sep 202301 Dec 202378 Days
55 West Side Rise, Olney, Milton Keynes, MK46 5HP£485,000£467,000-£18,00027 Jun 202318 Sep 202383 Days
24 Spinney Hill Road, Olney, Milton Keynes, MK46 5AB£300,000£300,000£0009 May 202313 Sep 2023127 Days
2 Stone Pit Close, Olney, Milton Keynes, MK46 5LX£750,000£725,000-£25,00014 Apr 202312 Sep 2023151 Days
89 Weston Road, Olney, Milton Keynes, MK46 5AA£700,000£675,000-£25,00018 Apr 202307 Sep 2023142 Days
1 Court Corner, Olney, Milton Keynes, MK46 5QH£365,000£365,000£0014 Apr 202325 Aug 2023133 Days
11 Oxleys, Olney, Milton Keynes, MK46 5PJ£485,000£485,000£0029 Mar 202325 Aug 2023149 Days
9a, Spring Lane, Olney, Milton Keynes, MK46 5BN£900,000£877,500-£22,50005 May 202317 Aug 2023104 Days
10 Newton Street, Olney, Milton Keynes, MK46 4BS£315,000£310,000-£5,00002 Mar 202304 Aug 2023155 Days
29 Dagnall Road, Olney, Milton Keynes, MK46 5BJ£335,000£330,000-£5,00027 Feb 202304 Aug 2023158 Days
67 Sillswood, Olney, Milton Keynes, MK46 5PN£375,000£355,000-£20,00029 Mar 202331 Jul 2023124 Days
4 Knights Close, Olney, Milton Keynes, MK46 4JL£550,000£540,000-£10,00028 Mar 202328 Jul 2023122 Days
68 Dinglederry, Olney, Milton Keynes, MK46 5ET£465,000£450,000-£15,00030 Mar 202327 Jul 2023119 Days
25 Long Massey, Olney, Milton Keynes, MK46 5NR£340,000£330,000-£10,00011 Feb 202317 Jul 2023156 Days
18 Hipwell Court, Olney, Milton Keynes, MK46 5QB£199,995£189,000-£10,99517 Jan 202314 Jul 2023178 Days
Mill Close, Church Street, Olney, Milton Keynes, MK46 4AD£1,100,000£1,022,500-£77,50021 Sep 202206 Jul 2023288 Days
10 Chantry Rise, Olney, Milton Keynes, MK46 5FE£565,000£545,000-£20,00003 Feb 202304 Jul 2023151 Days

Most Expensive Streets in Olney

PostcodeStreetAreaAverageNo. of Sales
MK46 5AAWeston RoadOlney£925,0004
MK46 5HBOrchard RiseOlney£858,3333
MK46 5LXStone Pit CloseOlney£780,8333
MK46 4BPMidland RoadOlney£739,2258
MK46 4BEHigh StreetOlney£733,99910
MK46 4FFMillward LaneOlney£730,06216
MK46 4ADChurch StreetOlney£722,3754
MK46 4EBHigh StreetOlney£713,3336
MK46 4FDChater DriveOlney£661,2504
MK46 4DHEast StreetOlney£637,5853

Least Expensive Streets in Olney

PostcodeStreetAreaAverageNo. of Sales
MK46 4ARBerrells CourtOlney£183,0004
MK46 5NFSlatepits CroftOlney£204,8005
MK46 5FNNewton CourtHoppers Hill£207,1427
MK46 5HHWest StreetOlney£220,8333
MK46 4AUFreemans GardensOlney£232,53116
MK46 5DXYardley RoadOlney£261,1669
MK46 5FDWagstaff WayOlney£266,2504
MK46 5PNSillswoodOlney£271,2504
MK46 5PAFishermans CloseOlney£271,5004
MK46 5PWDickens SpinneyOlney£272,3333

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