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Maryland State Wire

Sunday, November 24, 2024

Olney home prices fall in April 2018

Realestate4

The median sale price of a home sold in April 2018 in Olney fell by $10,500 while total sales increased by 10.3%, according to BlockShopper.com.

In April 2018, there were 32 homes sold, with a median sale price of $509,000 - a 2% decrease over the $519,500 median sale price for the same period of the previous year. There were 29 homes sold in Olney in April 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 April 2018.

The following table compares Olney to other Montgomery County cities with similar median sales prices in April 2018:

CityApr. 2018 Home SalesApr. 2017 Home Sales% change (Total Home Sales)Apr. 2018 Median Sales PriceApr. 2017 Median Sales Price% change (Median Sales Price)
North Bethesda2627-3.7%$714,500$765,000-6.6%
Laytonsville5366.7%$675,000$485,00039.2%
Rockville4146-10.9%$580,000$527,50010%
Takoma Park812-33.3%$579,500$558,5003.8%
Silver Spring3050-40%$529,450$470,00012.6%
Olney322910.3%$509,000$519,500-2%
Forest Glen8560%$507,500$460,00010.3%
Kemp Mill1013-23.1%$485,000$430,00012.8%
Derwood161233.3%$472,520.50$435,0008.6%
Colesville1129-62.1%$465,000$445,0004.5%
North Kensington2029-31%$456,000$435,0004.8%

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