Photo: Farragutful · CC BY-SA 3.0313 homes sold in Olney in the last year, at a typical $691K
About one sale in 3 is a condo. Below: what each kind of home sells for, what your budget buys, the best months to buy, how hard you’ll have to bid, and a shortcut to every site where Olney homes are listed.
Every place Olney homes are listed, in one stop
We don’t copy listings: the agents’ sites have the photos and the latest price changes. Set what you want once and we open each site already filtered to Olney.
For sale
Rent
New, land & open houses
Links open the listing sites; TownRatings isn’t paid for them and doesn’t rank one above another. Rentals and government-owned homes come from sources outside the MLS.
11% of Olney’s sales are condos, at $489K less than a house
195 houses and 35 condos sold in the year to May 2026. Houses sell faster and draw more bidding wars.
typical sale · 195 sold in 12 months
- Per square foot
- $271MD $239
- Days to sell
- 32
- Sold over asking
- 44%
- Listings with a price cut
- 28%
typical sale · 35 sold in 12 months
- Per square foot
- $284MD $234
- Days to sell
- 49
- Sold over asking
- 23%
- Listings with a price cut
- 25%
Townhouses: 83 sold, typical $517K
Too few sales in 12 months for reliable figures.
Fewer homes sell than a decade ago, at 1.6 times the 2016 price
313 sales in the last year, against 509 in 2016 and a low of 299 in 2023. The typical sale went from $442K in 2016 to $691K.
Source: Redfin Data Center, MLS sales. Typical price and $/sq ft are the monthly medians, weighted by sales.
What $700K buys in Olney
Check a listing against what Olney homes sold for
Against the town’s median price per square foot over the last 12 months. A rough check: condition, lot and location within town move a price more than this can see.
Bidding wars in Olney are more common than before the pandemic, but 44% fewer homes come up for sale
We read every month of Olney’s home sales since 2012 so you don’t have to. Each figure covers 12 months, because a single month in a town is too few sales to mean much. Latest: the year to May 2026, 313 sales.
If you’re buying in Olney
- Shop in June. It brings about 52 new listings a month, close to the busiest month, with fewer bidding wars (43% over asking).
- Some room to negotiate. 26% of listings cut their price, about as many as before the pandemic.
- Bid near asking. Buyers paid 100.1% of the list price on average; 40% paid over.
- Move fast on good ones. 58% of homes are under contract within two weeks.
Spring brings both the most homes and the most bidding wars
April has the most new listings (about 59 a month), but May is the most competitive: 46% of May sales close over asking. May and June offer nearly as much choice with fewer homes bid up (46%). December has the least competition (32%) but only about 16 new listings.
Averages for each calendar month, 2015 on.
Calmer than the 2021 frenzy, and hotter than Maryland
| Olney now | 2017–19 | 2021 peak | MD now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 40% | 30% | 61% | 34% |
| Gone within two weeksShare of homes under contract within 14 days | 58% | 39% | 70% | 41% |
| Listings with a price cutShare of homes for sale that cut their price | 26% | 28% | 26% | 27% |
| Price paid vs. askingAverage sale price ÷ list price | 100.1% | 99.4% | 102.5% | 99.8% |
| Days to sellMedian days from listing to contract | 32 | 26 | 14 | 43 |
45 homes for sale on a typical day
That’s 1.8 times the 2023 low (25), 44% fewer than in 2017–19 and well under 2015’s 125.
1 in 4 listings has cut its price
26% in the last year, against 28% in 2017–19 and 27% across Maryland.
Since 2019, houses are up 38%, condos 51%
A house typically sold for $808K in the last year (195 sales), a condo for $320K (35).
Median sale price, weighted by sales each month. Years with fewer than 4 sales of a type are left out.
Olney ranks 46th of 185 busy Maryland markets for bidding wars
Share of sales over asking in the last year, among towns with 60 or more sales. Olney is one of the state’s hottest markets.
Source: Redfin Data Center, city market tracker, January 2012 to May 2026 (MLS sales, not seasonally adjusted). Ratios are weighted by homes sold; price cuts by homes for sale.
Owning the typical Olney home costs about $4,106 a month
Price: Olney’s typical sale, last 12 months. Property tax at Olney’s 0.9% (median bill ÷ median value, Census ACS); insurance at 0.35% of price a year. Before PMI, HOA dues, upkeep and the tax deduction. Whether Olney is affordable on local pay is on Cost of living.
Six things worth knowing
New listings in April
The month with the most choice. December has the fewest, about 16.
Best time to buyProperty tax, a year
Of a home’s value: the median bill over the median home value. On a $691K home, about $6,010 a year.
Taxes vs. neighborsSchools
The schools grade for Olney, from test results, graduation and how much students grow.
Schools in OlneyCheck the flood map
Flood insurance isn’t in a standard policy, and lenders require it in FEMA flood zones. Check the address before you make an offer.
Natural hazardsLook up any property
Assessed value, lot size and every past sale of a home you’re eyeing are public, at the town or county assessor and the registry of deeds.
Leisure World, Ashton-Sandy Spring, Layhill and Cloverly sell for less a square foot
The busier markets within 25 miles of Olney, by what sold. Prices, taxes and how far a paycheck goes next door are on Cost of living.
| Sold | Typical sale | $/sq ft | Over asking | Days to sell | |
|---|---|---|---|---|---|
| Leisure World | 396 | $263K | $210 | 21% | 45 |
| Aspen Hill | 355 | $591K | $279 | 40% | 33 |
| Olney | 313 | $691K | $273 | 40% | 32 |
| Redland | 192 | $597K | $283 | 35% | 40 |
| Cloverly | 152 | $712K | $257 | 41% | 32 |
| Ashton-Sandy Spring | 52 | $832K | $240 | 25% | 57 |
| Layhill | 51 | $552K | $251 | 29% | 53 |
Redfin Data Center, June 2025 to May 2026. Towns with fewer than 20 sales are left out, and Redfin doesn’t report every town separately.
Post your home to Olney, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Olney. People who follow the town see it, and so do people comparing Olney with their own town. No commission, no listing fee.
Questions about buying a home in Olney
What do homes sell for in Olney, MD?
313 homes sold in the year to May 2026 at a typical $691K, $273 a square foot. Houses sold for about $808K, condos for about $320K.
Is Olney a buyer’s or seller’s market?
A seller’s market: 60 homes were for sale in May 2026 and 31 sold, about 1.9 months of supply. Buyers paid 100.1% of asking on average, and 26% of listings cut their price.
When is the best time to buy in Olney?
April brings the most new listings. The sales history shows which months have fewer bidding wars.
How much are property taxes in Olney?
About 0.9% of a home’s value a year. On a $691K home that’s near $6,010.
Where can I see homes for sale in Olney?
Zillow, Redfin, Realtor.com and Homes.com all carry Olney’s MLS listings; the search links above open each one filtered to Olney.
Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted). Property tax rate: Census American Community Survey. Two-bedroom rent: HUD Fair Market Rent. Typical home value: Zillow Home Value Index. Schools grade: TownRatings (how grades work).