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Sarah Mitchell

CNESRESABR

Compass Real Estate · Olney, MD

“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”

Olney, MD(512) 555-0184TX License #0512847
Visit website →sarahmitchellhomes.com
5.0 · 47 reviews

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Olney, MD Housing Market & Real Estate

Strong seller's market+2.5% YoY

Housing market overview · Updated monthly ·

$710,000median sale price

How is the Olney, MD housing market right now?

The median home sale price in Olney, MD is $710,000, up 2.5% year-over-year. Homes sell in an average of 29 days with 60 active listings. The market is currently a strong seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)

Is Olney a buyer's or seller's market?

Strong seller's market1.9 months of supply29 avg. days on market

Olney, MD is currently a strong seller's market, based on 1.9 months of supply and homes selling in about 29 days. How we determine this →

Homes sold

31

Last 12 weeks

Days on market

29

Average pace

Active listings

60

1.9 months supply

Sale-to-list

101.4%

Above asking

What does the Olney housing market data show?

Current housing market statistics for Olney, MD
MetricValue
Median sale price$710,000
Median list price$697,000
Year-over-year price change+2.5%
Average days on market29 days
Active inventory60 listings
Months of supply1.9 months
Sale-to-list price ratio101.4%
Median price per sq ft$283/sq ft
Homes sold (latest month)31
New listings (latest month)47
Listings with a price cut20.0%
Market conditionStrong seller's market

Source: Redfin · Updated monthly

How much do homes cost in Olney by property type?

How the Olney, MD market breaks down across single-family homes, condos, and townhouses.

Median price, price per square foot, homes sold and days on market by property type in Olney, MD
Property typeMedian pricePrice / sq ftHomes soldDays on market
Single-family$870,000$286/sq ft1727 days
Condo / Co-op$275,000$266/sq ft375 days
Townhouse$500,000$280/sq ft1139 days

Source: Redfin · Updated monthly

The Olney housing market is currently classified as a strong seller's market with a median sale price of $710,000. Prices have risen 2.5% compared to last year, with homes spending an average of 29 days on market, indicating 1.9 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 3.9x provides context for how home values compare to local earning capacity.

Homes for sale in Olney

There are currently 60 homes listed for sale in Olney, Maryland. The median listing price is $697K.

Active listings

60

Homes on market

Median list price

$697K

Avg. days on market

29

Days until sale

New this week

47

Newly listed

Price drops:20.0%of listings
Sale-to-list:101.4%

Who lives in Olney?

Population

36,000

Median income

$171,766/yr

Median age

41.6 years

Owner-occupied

88.6%

College grads

64.7%

Avg commute

32.2 min

Source: U.S. Census Bureau ACS

What are homes worth in Olney?

Zillow home value

$675,500

Zillow rent index

$2,803/mo

Price-to-rent ratio

20.1x

Price-to-income

3.9x

Source: Zillow Research

What is it like to live in Olney?

Olney is a community of approximately 36K residents with a median age of 41.6 years.The median household income is $171,766, which reflects a relatively affluent area with strong earning potential. 64.7% of residents hold a bachelor's degree or higher, indicating a highly educated population.

Homeownership rates are at 88.6%, reflecting strong community stability and long-term resident commitment. The average commute time is 32.2 minutes, which suggests a more suburban or rural location for those willing to commute longer distances.Overall, Olney offers a balanced lifestyle with accessible home values relative to local income levels.

Which public schools serve Olney?

5 schools tracked · 2,868 students

The largest public schools serving Olney, MD by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.

Rosa M. Parks Middle

Grades 6-8 · 855 students

Public

William H. Farquhar Middle

Grades 6-8 · 646 students

Public

Olney Elementary

Grades K-5 · 604 students

Public

Brooke Grove Elementary

Grades PK-5 · 415 students

Public

Belmont Elementary

Grades K-5 · 348 students

Public

Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.

Which cities are near Olney, MD?

Want a head-to-head view? Compare Olney side-by-side with any other U.S. city using our market-comparison tool.

Is Olney a good real estate investment market?

For investors evaluating Olney, the price-to-rent ratio of 20.1x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has appreciated 2.5% year-over-year, reflecting ongoing demand and value growth.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Olney's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Olney's median home price.

Frequently asked questions

What is the average home price in Olney?

The median home sale price in Olney is $710,000, up 2.5% from last year.

How long do homes stay on market in Olney?

Homes typically spend 29 days on market before going under contract.

What is the median income in Olney?

The median household income is $171,766 per year.

Is Olney a buyer's or seller's market?

With 1.9 months of supply, Olney is currently a strong seller's market.

What is the Zillow home value estimate for Olney?

The Zillow Home Value Index (ZHVI) for Olney is $675,500, representing the typical home value in the area.

What is the median condo price in Olney?

The median condo/co-op sale price in Olney, MD is $275,000, compared to $870,000 for a single-family home, based on the latest Redfin data.

How much does a single-family home cost in Olney?

The median single-family home price in Olney, MD is $870,000 (about $286 per square foot).

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