In November 2018, there were 33 homes sold, with a median sale price of $470,000 - a 4.1% decrease over the $490,000 median sale price for the same period of the previous year. There were 23 homes sold in Olney in November 2017.
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 November 2018.
The following table compares Olney to other Montgomery County cities with similar median sales prices in November 2018:
| City | Nov. 2018 Home Sales | Nov. 2017 Home Sales | % change (Total Home Sales) | Nov. 2018 Median Sales Price | Nov. 2017 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Forest Glen | 6 | 4 | 50% | $551,000 | $492,500 | 11.9% |
| Silver Spring | 41 | 46 | -10.9% | $515,000 | $452,450 | 13.8% |
| Ashton-Sandy Spring | 5 | 4 | 25% | $510,000 | $407,450 | 25.2% |
| Colesville | 20 | 19 | 5.3% | $507,000 | $415,000 | 22.2% |
| Hillandale | 4 | 0 | - | $496,700 | $0 | - |
| Olney | 33 | 23 | 43.5% | $470,000 | $490,000 | -4.1% |
| Gaithersburg | 42 | 49 | -14.3% | $464,950 | $429,900 | 8.2% |
| Clarksburg | 14 | 12 | 16.7% | $439,000 | $411,000 | 6.8% |
| Kemp Mill | 8 | 9 | -11.1% | $434,950 | $430,000 | 1.2% |
| Aspen Hill | 42 | 23 | 82.6% | $424,250 | $398,000 | 6.6% |
| Calverton | 3 | 5 | -40% | $420,000 | $330,000 | 27.3% |
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