In June 2017, there were 52 homes sold, with a median sale price of $478,500 - a 8.4% decrease over the $522,500 median sale price for the same period of the previous year. There were 44 homes sold in Olney in June 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 June 2017.
The following table compares Olney to other Montgomery County cities with similar median sales prices in June 2017:
| City | June 2017 Home Sales | June 2016 Home Sales | % change (Total Home Sales) | June 2017 Median Sales Price | June 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Takoma Park | 20 | 14 | 42.9% | $535,000 | $584,500 | -8.5% |
| Boyds | 1 | 5 | -80% | $532,000 | $370,000 | 43.8% |
| Derwood | 30 | 15 | 100% | $517,450 | $448,800 | 15.3% |
| Silver Spring | 86 | 65 | 32.3% | $497,500 | $499,000 | -0.3% |
| Forest Glen | 11 | 12 | -8.3% | $495,000 | $358,750 | 38% |
| Olney | 52 | 44 | 18.2% | $478,500 | $522,500 | -8.4% |
| Gaithersburg | 77 | 86 | -10.5% | $472,000 | $476,750 | -1% |
| Hillandale | 1 | 1 | 0% | $468,000 | $220,000 | 112.7% |
| Poolesville | 8 | 5 | 60% | $462,500 | $355,000 | 30.3% |
| Colesville | 35 | 34 | 2.9% | $440,000 | $471,500 | -6.7% |
| North Kensington | 24 | 28 | -14.3% | $435,000 | $472,000 | -7.8% |
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