Olney, MD Neighborhood Real Estate Analysis

History

Originally known as Mechanicsville, the village which became Olney was established in 1800. The area was mostly farmland, but it soon began attracting artisans. Early residents Sarah Brooke and Dr. Charles Farquhar were devotees of the English poet William Cowper, and named their home after the poet’s hometown. The area was in turn named for their home, which still stands and is known as the Olney House.

The Brooke family held the largest tracts of land in Olney, whose central village was at the intersection of the Rockville to Baltimore road, and the one which connected Washington with Westminster, Maryland, to the north. The Quaker community in Sandy Spring thrived just to Olney’s east. The Sandy Spring Museum is a historical museum featuring educational programs and displays. St. John’s Episcopal Church was established in 1842 and survives to this day.

After the siege of Washington by the British in 1814 during the War of 1812, President Madison and his family passed through Olney en route to taking refuge in the neighboring town of Brookeville. Although not as involved in the Civil War as areas of Maryland to the west, Olney residents still experienced the tug-of-war between loyalty to the plantation economy of the South and to the Federal government in Maryland’s midst.

Geography

As an unincorporated area, Olney’s boundaries are not officially defined. The United States Census Bureau defines a Census-Designated Place of Olney centered at 39°9′ North and 77°5′ West. It has a total area of 13.0 square miles (34 km2). None of the area is covered with water.

Olney’s town center sits at the intersection of state route 97 (Georgia Ave.) and route 108 (Olney-Laytonsville Road). The town, larger than any other in the neighboring areas, lies south of Brookeville, west of Sandy Spring, east of Rockville and north of Aspen Hill.

Demographics

At the 2000 census[1], there were 31,438 people, 10,274 households, and 8,650 families residing in the area. The population density is 2,420.1 people per square mile (934.4/km²). There are 10,415 housing units at an average density of 801.7 per square mile (309.6/km²). The racial makeup of the area is 79.04% White, 8.78% African American, 8.03% Asian, 5.01% Hispanic or Latino, and 0.48% Native American.

There are 10,274 households, of which 49.1% have children under the age of 18 living with them, 71.4% are married couples living together, 10.2% have a female householder with no husband present, and 15.8% are non-families. The average household size is 3.04 and the average family size is 3.34.

31.2% of residents are under the age of 18, 5.6% from 18 to 24, 29.9% from 25 to 44, 26.9% from 45 to 64, and 6.4% 65 years of age or older. The median age is 37 years. For every 100 females there are 93.5 males.

According to a 2007 estimate,[2] the median household income is $116,319, and the median family income is $126,849. Males have a median income of $69,911 versus $45,818 for females. The per capita income for the area is $35,267. 2.6% of the population and 1.9% of families are below the poverty line.

Recreational facilities

Soccer at Freeman Fields

Playgrounds, playing fields and courts are available throughout Olney and the surrounding area. Many of the parks are public and some belong to homeowners or other private associations. Public parks include Olney Manor Park (featuring the Olney Swim Center, a year-round indoor public pool), Southeast Olney Park, Longwood Park, Cherrywood Park, Bowie Mill Park, and the OBGC Park at Freeman Fields.

Olney is also home to a private country club and a golf driving range.

Find out more information about Olney Maryland by visiting http://en.wikipedia.org/wiki/Olney,_Maryland

Olney Real Estate Market Stats

Average Home Values

Price Distribution


Home Averages

$459,600 Average Price
1,808Avg Home Size
1985Avg Year Built

Owners vs Renters

Local vs National Home Values

 LocalNational
Zillow Home Value Index $459,700 $179,200
Median Single Family Home Value $537,500 $178,700
Median Condo Value $312,000 $183,400
Median 3-Bedroom Home Value $370,900 $172,500
Median 4-Bedroom Home Value $531,000 $289,700
Percent Homes Decreasing 19.4% 30.3%
Percent Listing Price Reduction 21% 13.5%
Median List Price Per Sq Ft $240 $115
Median List Price $449,900 $209,000
Median Sale Price $459,600 $203,200
Homes For Sale 0 0
Homes Recently Sold 0 0
Property Tax $4,010 $2,092
Turnover (Sold Within Last Yr.) 4% 3.9%
Median Value Per Sq Ft $234 $118
1-Yr. Change 3.5% 6.6%
Homes For Sale By Owner Array Array
New Construction Array Array
Foreclosures Array Array

Local vs National Demographics

 LocalNational
Median Household Income 94,818 44,512
Single Males 11.1% 14.6%
Single Females 10.6% 12.5%
Median Age 34 36
Homes With Kids 48.7% 31.4%
Average Household Size 3 2
Average Commute Time (Minutes) 36 26

Olney Real Estate Listings

Active Listings in Olney

4706 BABBLING BROOK DR Olney, MD 20832
3 beds 2 baths $449,000
18154 ROLLING MEADOW WAY, Unit 187 Olney, MD 20832
Photo of 18154 ROLLING MEADOW WAY, Unit 187, Olney, MD 20832 (MLS # MC8539892)
2 beds 2 baths 1,155 sqft $229,900
17917 OVERWOOD DR Olney, MD 20832
Photo of 17917 OVERWOOD DR, Olney, MD 20832 (MLS # MC8539789)
4 beds 3 baths $419,000
18511 FIDDLELEAF TER Olney, MD 20832
Photo of 18511 FIDDLELEAF TER, Olney, MD 20832 (MLS # MC8538524)
4 beds 4 baths $585,000
4209 OLNEY LAYTONSVILLE RD Olney, MD 20832
Photo of 4209 OLNEY LAYTONSVILLE RD, Olney, MD 20832 (MLS # MC8539163)
4 beds 4 baths $499,900
4712 BABBLING BROOK DR Olney, MD 20832
Photo of 4712 BABBLING BROOK DR, Olney, MD 20832 (MLS # MC8539149)
3 beds 2 baths 2,100 sqft $300,000
18351 LEMAN LAKE DR, Unit 804 Olney, MD 20832
Photo of 18351 LEMAN LAKE DR, Unit 804, Olney, MD 20832 (MLS # MC8538946)
2 beds 2 baths 1,032 sqft $215,000
18401 WACHS TER Olney, MD 20832
Photo of 18401 WACHS TER, Olney, MD 20832 (MLS # MC8538591)
4 beds 3 baths $449,900
18162 HEADWATERS DR Olney, MD 20832
Photo of 18162 HEADWATERS DR, Olney, MD 20832 (MLS # MC8538149)
5 beds 3 baths 2,234 sqft $510,000
17912 SHOTLEY BRIDGE PL Olney, MD 20832
Photo of 17912 SHOTLEY BRIDGE PL, Olney, MD 20832 (MLS # MC8536243)
3 beds 4 baths $409,000
17515 LONGVIEW LN Olney, MD 20832
Photo of 17515 LONGVIEW LN, Olney, MD 20832 (MLS # MC8535424)
3 beds 4 baths 1,532 sqft $325,000
3409 KING WILLIAM DR Olney, MD 20832
Photo of 3409 KING WILLIAM DR, Olney, MD 20832 (MLS # MC8534609)
5 beds 4 baths $669,000
16801 MACDUFF AVE Olney, MD 20832
Photo of 16801 MACDUFF AVE, Olney, MD 20832 (MLS # MC8533832)
5 beds 4 baths $618,000
2905 LINDENWOOD DR Olney, MD 20832
Photo of 2905 LINDENWOOD DR, Olney, MD 20832 (MLS # MC8533513)
4 beds 4 baths $624,900
18220 Rolling Meadow Way #46 Olney, MD 20832
Photo of 18220 Rolling Meadow Way #46, Olney, MD 20832 (MLS # MC8529144)
3 beds 3 baths 1,397 sqft $0
3617 WINTER LAUREL TER Olney, MD 20832
Photo of 3617 WINTER LAUREL TER, Olney, MD 20832 (MLS # MC8524400)
4 beds 3 baths $435,000
18225 PALADIN DR Olney, MD 20832
Photo of 18225 PALADIN DR, Olney, MD 20832 (MLS # MC8524907)
3 beds 3 baths $355,000
4655 WESTON PL Olney, MD 20832
Photo of 4655 WESTON PL, Olney, MD 20832 (MLS # MC8523956)
3 beds 3 baths 2,330 sqft $399,900
3210 SPARTAN RD, Unit 3-B-1 Olney, MD 20832
Photo of 3210 SPARTAN RD, Unit 3-B-1, Olney, MD 20832 (MLS # MC8523476)
1 bed 1 bath 719 sqft $100,000
18325 DARNELL DR Olney, MD 20832
Photo of 18325 DARNELL DR, Olney, MD 20832 (MLS # MC8523412)
4 beds 3 baths $475,000
2800 SEABISCUIT DR Olney, MD 20832
Photo of 2800 SEABISCUIT DR, Olney, MD 20832 (MLS # MC8522711)
4 beds 5 baths 4,400 sqft $1,103,995
2605 DAPPLE GREY COURT Olney, MD 20832
Photo of 2605 DAPPLE GREY COURT, Olney, MD 20832 (MLS # MC8522492)
5 beds 5 baths 5,600 sqft $1,163,995
2608 DAPPLE GREY COURT Olney, MD 20832
Photo of 2608 DAPPLE GREY COURT, Olney, MD 20832 (MLS # MC8522482)
5 beds 8 baths 4,800 sqft $1,149,995
2805 SEABISCUIT DR Olney, MD 20832
Photo of 2805 SEABISCUIT DR, Olney, MD 20832 (MLS # MC8522461)
4 beds 4 baths 4,948 sqft $1,194,995
3228 SPARTAN RD, Unit 61 Olney, MD 20832
Photo of 3228 SPARTAN RD, Unit 61, Olney, MD 20832 (MLS # MC8521911)
3 beds 2 baths 1,022 sqft $158,000
18247 HICKORY MEADOW DR Olney, MD 20832
Photo of 18247 HICKORY MEADOW DR, Olney, MD 20832 (MLS # MC8519434)
5 beds 4 baths 2,393 sqft $701,309
4246 BRIARS RD Olney, MD 20832
Photo of 4246 BRIARS RD, Olney, MD 20832 (MLS # MC8517189)
5 beds 4 baths $447,550
4724 BABBLING BROOK DR Olney, MD 20832
Photo of 4724 BABBLING BROOK DR, Olney, MD 20832 (MLS # MC8516861)
3 beds 3 baths $300,000
4817 CHICHESTER HOUSE RD Olney, MD 20832
Photo of 4817 CHICHESTER HOUSE RD, Olney, MD 20832 (MLS # MC8514518)
4 beds 3 baths $749,900
19616 Islander St Olney, MD 20832
Photo of 19616 Islander St, Olney, MD 20832 (MLS # MC8509193)
4 beds 3 baths $0

Sold Listings in Olney

18220 Rolling Meadow Way #46 Olney, MD 20832
Photo of 18220 Rolling Meadow Way #46, Olney, MD 20832 (MLS # MC8529144)
3 beds 3 baths 1,397 sqft $0
19616 Islander St Olney, MD 20832
Photo of 19616 Islander St, Olney, MD 20832 (MLS # MC8509193)
4 beds 3 baths $0
4433 Cannes Ln Olney, MD 20832
Photo of 4433 Cannes Ln, Olney, MD 20832 (MLS # MC8506684)
3 beds 3 baths $0
4109 Olney Laytonsville Rd Olney, MD 20832
Photo of 4109 Olney Laytonsville Rd, Olney, MD 20832 (MLS # MC8497589)
3 beds 3 baths $0
5014 Tothill Dr Olney, MD 20832
Photo of 5014 Tothill Dr, Olney, MD 20832 (MLS # MC8495382)
5 beds 5 baths $0
16828 Centerfield Way Olney, MD 20832
Photo of 16828 Centerfield Way, Olney, MD 20832 (MLS # MC8495335)
2 beds 3 baths $0
3425 Dartmoor Ln Olney, MD 20832
Photo of 3425 Dartmoor Ln, Olney, MD 20832 (MLS # MC8493002)
5 beds 4 baths $0
5604 Heartwood Cir Olney, MD 20832
4 beds 5 baths $0
2557 Little Vista Ter Olney, MD 20832
Photo of 2557 Little Vista Ter, Olney, MD 20832 (MLS # MC8486930)
3 beds 3 baths $0
17440 Macduff Ave Olney, MD 20832
Photo of 17440 Macduff Ave, Olney, MD 20832 (MLS # MC8485024)
5 beds 4 baths $0
2710 Meadowland Ct Olney, MD 20832
Photo of 2710 Meadowland Ct, Olney, MD 20832 (MLS # MC8483057)
4 beds 4 baths $0
4606 Ripley Manor Ter Olney, MD 20832
Photo of 4606 Ripley Manor Ter, Olney, MD 20832 (MLS # MC8482988)
3 beds 3 baths $0
3527 Toddsbury Ln Olney, MD 20832
Photo of 3527 Toddsbury Ln, Olney, MD 20832 (MLS # MC8482935)
4 beds 4 baths $0
3211 Carnegie Hall Cir Olney, MD 20832
Photo of 3211 Carnegie Hall Cir, Olney, MD 20832 (MLS # MC8482583)
3 beds 3 baths 1,414 sqft $0
19121 Bloomfield Rd Olney, MD 20832
Photo of 19121 Bloomfield Rd, Olney, MD 20832 (MLS # MC8481785)
4 beds 3 baths 2,518 sqft $0
3210 Spartan Rd #1-B-2 Olney, MD 20832
Photo of 3210 Spartan Rd #1-B-2, Olney, MD 20832 (MLS # MC8479520)
1 bed 1 bath 719 sqft $0
3440 Queensborough Dr Olney, MD 20832
Photo of 3440 Queensborough Dr, Olney, MD 20832 (MLS # MC8479284)
3 beds 3 baths 1,724 sqft $0
4804 Continental Dr Olney, MD 20832
Photo of 4804 Continental Dr, Olney, MD 20832 (MLS # MC8477064)
4 beds 4 baths 3,710 sqft $0
4245 Bar Harbor Pl Olney, MD 20832
Photo of 4245 Bar Harbor Pl, Olney, MD 20832 (MLS # MC8476330)
3 beds 3 baths $0
1905 Bishops Castle Dr Olney, MD 20832
Photo of 1905 Bishops Castle Dr, Olney, MD 20832 (MLS # MC8476456)
4 beds 3 baths 2,398 sqft $0
4505 Winding Oak Dr Olney, MD 20832
Photo of 4505 Winding Oak Dr, Olney, MD 20832 (MLS # MC8473328)
4 beds 3 baths 2,528 sqft $0
3012 Paladin Ter Olney, MD 20832
Photo of 3012 Paladin Ter, Olney, MD 20832 (MLS # MC8472250)
4 beds 4 baths 2,160 sqft $0
16831 Centerfield Way Olney, MD 20832
Photo of 16831 Centerfield Way, Olney, MD 20832 (MLS # MC8471841)
3 beds 4 baths 2,112 sqft $0
3114 Benton Square Dr Olney, MD 20832
Photo of 3114 Benton Square Dr, Olney, MD 20832 (MLS # MC8467293)
3 beds 3 baths $0
4109 Morningwood Dr Olney, MD 20832
Photo of 4109 Morningwood Dr, Olney, MD 20832 (MLS # MC8464843)
4 beds 4 baths $0
3532 Falling Green Rd Olney, MD 20832
Photo of 3532 Falling Green Rd, Olney, MD 20832 (MLS # MC8463774)
3 beds 3 baths $0
3252 Saint Augustine Ct Olney, MD 20832
Photo of 3252 Saint Augustine Ct, Olney, MD 20832 (MLS # MC8459064)
3 beds 4 baths 2,420 sqft $0
3708 Cherry Valley Dr Olney, MD 20832
Photo of 3708 Cherry Valley Dr, Olney, MD 20832 (MLS # MC8459372)
4 beds 4 baths 3,572 sqft $0
17624 Longview Ln Olney, MD 20832
Photo of 17624 Longview Ln, Olney, MD 20832 (MLS # MC8456915)
3 beds 3 baths $0
2811 Thickett Way Olney, MD 20832
Photo of 2811 Thickett Way, Olney, MD 20832 (MLS # MC8455517)
3 beds 4 baths $0

Walk Score for Olney



Olney School Data

Olney School Districts

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Olney Schools

Rosa M. Parks Middle School
6-8, public
Belmont Elementary School
K-5, public
Olney Elementary School
K-5, public
William H. Farquhar Middle School
6-8, public
Brooke Grove Elementary School
PK-5, public
St. John’s Episcopal School
PK-8, private
http://www.stjes.org
Washington Christian Academy
K-12, private
http://www.washingtonchristian.org
Our Lady Of Good Counsel High School
9-12, private
St Peter’s School
PK-8, private
The Julia Brown Montessori Schools
PK-3, private
Olney Adventist Preparatory
K-8, private
Oakdale Christian Academy
K, private