In May 2019, there were 43 homes sold, with a median sale price of $515,000 - a 2.9% increase over the $500,250 median sale price for the same period of the previous year. There were 46 homes sold in Olney in May 2018.
The median sales tax in Olney for the most recent year with available data, 2016, was $5,392, approximately 1% of the median home sale price for May 2019.
The following table compares Olney to other Montgomery County cities with similar median sales prices in May 2019:
| City | May 2019 Home Sales | May 2018 Home Sales | % change (Total Home Sales) | May 2019 Median Sales Price | May 2018 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Ashton-Sandy Spring | 3 | 5 | -40% | $595,000 | $484,500 | 22.8% |
| Forest Glen | 8 | 10 | -20% | $581,000 | $437,500 | 32.8% |
| Brookeville | 4 | 2 | 100% | $560,000 | $693,750 | -19.3% |
| Gaithersburg | 86 | 80 | 7.5% | $557,000 | $554,950 | 0.4% |
| Silver Spring | 67 | 63 | 6.3% | $545,000 | $535,000 | 1.9% |
| Olney | 43 | 46 | -6.5% | $515,000 | $500,250 | 2.9% |
| White Oak | 9 | 16 | -43.8% | $510,000 | $415,000 | 22.9% |
| Colesville | 22 | 28 | -21.4% | $509,000 | $479,400 | 6.2% |
| Rockville | 53 | 48 | 10.4% | $505,000 | $625,000 | -19.2% |
| Clarksburg | 13 | 14 | -7.1% | $479,000 | $461,450 | 3.8% |
| Cloverly | 13 | 7 | 85.7% | $460,000 | $431,000 | 6.7% |
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