From January through December of 2021, there were 500 homes sold, with a median sale price of $555,000 - a 7.8% increase over the $514,850 median sale price for the previous year. There were 480 homes sold in Olney in 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 2021.
The following table compares Olney to other Montgomery County cities with similar median sale prices in 2021:
| City | Jan. - Dec. 2021 Home Sales | Jan. - Dec. 2020 Home Sales | % change (Total Home Sales) | Jan. - Dec. 2021 Median Sales Price | Jan. - Dec. 2020 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Hillandale | 17 | 12 | 41.7% | $606,000 | $470,000 | 28.9% |
| Colesville | 303 | 259 | 17% | $580,000 | $510,000 | 13.7% |
| Kemp Mill | 177 | 114 | 55.3% | $565,000 | $461,250 | 22.5% |
| Derwood | 270 | 196 | 37.8% | $560,000 | $522,250 | 7.2% |
| Silver Spring | 858 | 658 | 30.4% | $560,000 | $513,000 | 9.2% |
| Olney | 500 | 480 | 4.2% | $555,000 | $514,850 | 7.8% |
| Cloverly | 135 | 99 | 36.4% | $554,000 | $490,000 | 13.1% |
| Rockville | 832 | 634 | 31.2% | $540,000 | $507,500 | 6.4% |
| Clarksburg | 231 | 176 | 31.3% | $535,000 | $494,950 | 8.1% |
| Dickerson | 16 | 12 | 33.3% | $534,500 | $363,750 | 46.9% |
| North Kensington | 222 | 182 | 22% | $530,000 | $489,500 | 8.3% |
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