From January through December of 2018, there were 413 homes sold, with a median sale price of $490,000 - a 0.6% increase over the $487,000 median sale price for the previous year. There were 442 homes sold in Olney in 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 2018.
The following table compares Olney to other Montgomery County cities with similar median sales prices in 2018:
| City | Jan. - Dec. 2018 Home Sales | Jan. - Dec. 2017 Home Sales | % change (Total Home Sales) | Jan. - Dec. 2018 Median Sales Price | Jan. - Dec. 2017 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Ashton-Sandy Spring | 81 | 66 | 22.7% | $585,000 | $560,000 | 4.5% |
| Takoma Park | 142 | 154 | -7.8% | $567,500 | $527,500 | 7.6% |
| Washington Grove | 7 | 5 | 40% | $545,000 | $400,000 | 36.3% |
| Rockville | 548 | 610 | -10.2% | $537,250 | $530,000 | 1.4% |
| Silver Spring | 615 | 638 | -3.6% | $525,000 | $489,250 | 7.3% |
| Olney | 413 | 442 | -6.6% | $490,000 | $487,000 | 0.6% |
| Forest Glen | 89 | 78 | 14.1% | $490,000 | $460,000 | 6.5% |
| Gaithersburg | 714 | 755 | -5.4% | $482,750 | $450,000 | 7.3% |
| Brinklow | 6 | 8 | -25% | $480,435 | $597,500 | -19.6% |
| Colesville | 242 | 292 | -17.1% | $468,000 | $447,250 | 4.6% |
| Derwood | 197 | 210 | -6.2% | $460,000 | $460,000 | 0% |
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