In January 2022, there were 38 homes sold, with a median sale price of $522,500 - a 2.7% increase over the $509,000 median sale price for the same period of the previous year. There were 38 homes sold in Olney in January 2021, as well.
The median sales tax in Olney for the most recent year with available data, 2020, was $5,513, approximately 1.1% of the median home sale price for January 2022.
The following table compares Olney to other Montgomery County cities with similar median sale prices in January 2022:
| City | Jan. 2022 Home Sales | Jan. 2021 Home Sales | % change (Total Home Sales) | Jan. 2022 Median Sales Price | Jan. 2021 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| North Kensington | 12 | 17 | -29.4% | $576,250 | $555,000 | 3.8% |
| Clarksburg | 20 | 18 | 11.1% | $573,499.50 | $487,500 | 17.6% |
| Friendship Village | 7 | 4 | 75% | $565,000 | $282,500 | 100% |
| Takoma Park | 16 | 14 | 14.3% | $559,950 | $578,000 | -3.1% |
| Hillandale | 3 | 2 | 50% | $540,000 | $646,900 | -16.5% |
| Olney | 38 | 38 | 0% | $522,500 | $509,000 | 2.7% |
| Kemp Mill | 11 | 11 | 0% | $520,000 | $480,000 | 8.3% |
| Silver Spring | 53 | 51 | 3.9% | $500,000 | $450,000 | 11.1% |
| Boyds | 2 | 0 | - | $490,750 | $0 | - |
| White Oak | 13 | 23 | -43.5% | $485,000 | $491,000 | -1.2% |
| Aspen Hill | 67 | 46 | 45.7% | $485,000 | $432,500 | 12.1% |
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