In February 2019, there were 21 homes sold, with a median sale price of $500,000 - a 5% increase over the $476,250 median sale price for the same period of the previous year. There were 18 homes sold in Olney in February 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 February 2019.
The following table compares Olney to other Montgomery County cities with similar median sales prices in February 2019:
| City | Feb. 2019 Home Sales | Feb. 2018 Home Sales | % change (Total Home Sales) | Feb. 2019 Median Sales Price | Feb. 2018 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| North Bethesda | 13 | 26 | -50% | $684,000 | $722,500 | -5.3% |
| North Potomac | 9 | 10 | -10% | $665,000 | $483,750 | 37.5% |
| Ashton-Sandy Spring | 2 | 3 | -33.3% | $648,000 | $820,000 | -21% |
| Poolesville | 2 | 6 | -66.7% | $545,000 | $375,000 | 45.3% |
| Silver Spring | 18 | 45 | -60% | $521,750 | $527,500 | -1.1% |
| Olney | 21 | 18 | 16.7% | $500,000 | $476,250 | 5% |
| Rockville | 27 | 31 | -12.9% | $479,000 | $417,280 | 14.8% |
| White Oak | 10 | 12 | -16.7% | $470,250 | $437,500 | 7.5% |
| Colesville | 15 | 11 | 36.4% | $455,000 | $415,000 | 9.6% |
| Derwood | 8 | 18 | -55.6% | $451,300 | $379,950 | 18.8% |
| Hillandale | 1 | 1 | 0% | $439,900 | $400,000 | 10% |
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