In August 2021, there were 47 homes sold, with a median sale price of $550,000 - a 16.4% increase over the $472,450 median sale price for the same period of the previous year. There were 42 homes sold in Olney in August 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 August 2021.
The following table compares Olney to other Montgomery County cities with similar median sale prices in August 2021:
| City | Aug. 2021 Home Sales | Aug. 2020 Home Sales | % change (Total Home Sales) | Aug. 2021 Median Sales Price | Aug. 2020 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| North Bethesda | 99 | 70 | 41.4% | $585,000 | $484,500 | 20.7% |
| Forest Glen | 14 | 10 | 40% | $582,500 | $517,500 | 12.6% |
| North Kensington | 18 | 16 | 12.5% | $582,000 | $454,000 | 28.2% |
| Silver Spring | 79 | 47 | 68.1% | $575,000 | $575,000 | 0% |
| Derwood | 33 | 14 | 135.7% | $570,000 | $566,000 | 0.7% |
| Olney | 47 | 42 | 11.9% | $550,000 | $472,450 | 16.4% |
| White Oak | 7 | 10 | -30% | $525,000 | $507,750 | 3.4% |
| Kemp Mill | 11 | 7 | 57.1% | $520,000 | $485,000 | 7.2% |
| Damascus | 31 | 20 | 55% | $500,000 | $421,550 | 18.6% |
| Aspen Hill | 68 | 47 | 44.7% | $497,500 | $429,000 | 16% |
| Poolesville | 16 | 5 | 220% | $492,500 | $462,500 | 6.5% |
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