From January through March of 2019, there were 88 homes sold, with a median sale price of $481,000 - a 4% increase over the $462,500 median sale price for the same period of the previous year. There were 62 homes sold in Olney in the first quarter of 2018.
The median sales tax in Olney for the most recent year with available data, 2016, was $5,392, approximately 1.1% of the median home sale price for the first quarter of 2019.
The following table compares Olney to other Montgomery County cities with similar median sales prices in the first quarter of 2019:
| City | Jan. - Mar. 2019 Home Sales | Jan. - Mar. 2018 Home Sales | % change (Total Home Sales) | Jan. - Mar. 2019 Median Sales Price | Jan. - Mar. 2018 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Brinklow | 1 | 3 | -66.7% | $600,000 | $310,870 | 93% |
| Ashton-Sandy Spring | 9 | 7 | 28.6% | $575,000 | $820,000 | -29.9% |
| Rockville | 102 | 105 | -2.9% | $530,000 | $513,000 | 3.3% |
| Rossmoor | 1 | 2 | -50% | $499,000 | $675,000 | -26.1% |
| Silver Spring | 103 | 131 | -21.4% | $481,500 | $508,000 | -5.2% |
| Olney | 88 | 62 | 41.9% | $481,000 | $462,500 | 4% |
| Cloverly | 16 | 21 | -23.8% | $466,935 | $438,000 | 6.6% |
| Boyds | 1 | 1 | 0% | $465,000 | $399,900 | 16.3% |
| Derwood | 36 | 39 | -7.7% | $456,300 | $395,000 | 15.5% |
| Forest Glen | 12 | 23 | -47.8% | $449,875 | $489,900 | -8.2% |
| Colesville | 50 | 44 | 13.6% | $448,750 | $445,000 | 0.8% |
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