In October 2017, there were 34 homes sold, with a median sale price of $500,000 - a 5.5% increase over the $473,800 median sale price for the same period of the previous year. There were 19 homes sold in Olney in October 2016.
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 October 2017.
The following table compares Olney to other Montgomery County cities with similar median sales prices in October 2017:
| City | Oct. 2017 Home Sales | Oct. 2016 Home Sales | % change (Total Home Sales) | Oct. 2017 Median Sales Price | Oct. 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| North Potomac | 15 | 9 | 66.7% | $749,000 | $631,000 | 18.7% |
| North Bethesda | 20 | 17 | 17.6% | $650,000 | $697,000 | -6.7% |
| Darnestown | 4 | 3 | 33.3% | $594,500 | $665,000 | -10.6% |
| Washington Grove | 1 | 0 | - | $545,000 | $0 | - |
| Clarksburg | 12 | 5 | 140% | $510,224.50 | $380,000 | 34.3% |
| Olney | 34 | 19 | 78.9% | $500,000 | $473,800 | 5.5% |
| Silver Spring | 45 | 31 | 45.2% | $490,000 | $438,000 | 11.9% |
| Derwood | 16 | 5 | 220% | $482,500 | $550,000 | -12.3% |
| Takoma Park | 15 | 6 | 150% | $480,000 | $487,500 | -1.5% |
| Forest Glen | 5 | 3 | 66.7% | $480,000 | $450,000 | 6.7% |
| Rockville | 60 | 26 | 130.8% | $478,750 | $567,500 | -15.6% |
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