In March 2021, there were 25 homes sold, with a median sale price of $555,000 - a 18.3% increase over the $468,950 median sale price for the same period of the previous year. There were 38 homes sold in Olney in March 2020.
The median sales tax in Olney for the most recent year with available data, 2020, was $5,513, approximately 1% of the median home sale price for March 2021.
The following table compares Olney to other Montgomery County cities with similar median sale prices in March 2021:
| City | Mar. 2021 Home Sales | Mar. 2020 Home Sales | % change (Total Home Sales) | Mar. 2021 Median Sales Price | Mar. 2020 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Takoma Park | 16 | 7 | 128.6% | $677,500 | $480,000 | 41.1% |
| Burtonsville | 4 | 6 | -33.3% | $622,500 | $357,450 | 74.2% |
| Forest Glen | 9 | 7 | 28.6% | $575,000 | $581,000 | -1% |
| Colesville | 18 | 22 | -18.2% | $574,000 | $462,500 | 24.1% |
| Silver Spring | 35 | 60 | -41.7% | $565,000 | $483,500 | 16.9% |
| Olney | 25 | 38 | -34.2% | $555,000 | $468,950 | 18.3% |
| Derwood | 8 | 19 | -57.9% | $550,000 | $520,000 | 5.8% |
| Kemp Mill | 14 | 7 | 100% | $537,500 | $440,000 | 22.2% |
| Cloverly | 3 | 11 | -72.7% | $509,000 | $465,000 | 9.5% |
| Friendship Village | 6 | 5 | 20% | $502,000 | $485,000 | 3.5% |
| North Kensington | 10 | 9 | 11.1% | $486,000 | $439,000 | 10.7% |
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