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

$404,200 Average Price
1,808Avg Home Size
1985Avg Year Built

Owners vs Renters

Local vs National Home Values

 LocalNational
Zillow Home Value Index $457,900 $178,700
Median Single Family Home Value $538,700 $178,200
Median Condo Value $315,500 $183,400
Median 3-Bedroom Home Value $373,400 $172,400
Median 4-Bedroom Home Value $532,300 $289,900
Percent Homes Decreasing 26.9% 32.4%
Percent Listing Price Reduction 12.9% 11.4%
Median List Price Per Sq Ft $241 $114
Median List Price $419,900 $214,900
Median Sale Price $404,200 $203,700
Homes For Sale 0 0
Homes Recently Sold 0 0
Property Tax $4,008 $2,124
Turnover (Sold Within Last Yr.) 4% 4%
Median Value Per Sq Ft $234 $119
1-Yr. Change 1.7% 4.9%
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

18613 MEADOWLAND TER Olney, MD 20832
Photo of 18613 MEADOWLAND TER, Olney, MD 20832 (MLS # MC8586614)
5 beds 4 baths $585,000
17431 PIPERS WAY, Unit 12 Olney, MD 20832
Photo of 17431 PIPERS WAY, Unit 12, Olney, MD 20832 (MLS # MC8586302)
3 beds 2 baths 1,217 sqft $242,000
18207 FOX CHASE CIR Olney, MD 20832
Photo of 18207 FOX CHASE CIR, Olney, MD 20832 (MLS # MC8585672)
3 beds 4 baths $349,999
17633 PRINCE EDWARD DR Olney, MD 20832
Photo of 17633 PRINCE EDWARD DR, Olney, MD 20832 (MLS # MC8582420)
4 beds 3 baths 3,640 sqft $515,000
4904 TOTHILL DR Olney, MD 20832
Photo of 4904 TOTHILL DR, Olney, MD 20832 (MLS # MC8583989)
3 beds 4 baths $479,900
18601 MEADOWLAND TER Olney, MD 20832
Photo of 18601 MEADOWLAND TER, Olney, MD 20832 (MLS # MC8583357)
4 beds 4 baths $560,000
17301 EVANGELINE LN Olney, MD 20832
Photo of 17301 EVANGELINE LN, Olney, MD 20832 (MLS # MC8583068)
4 beds 4 baths $539,900
18528 QUEEN ELIZABETH DR Olney, MD 20832
Photo of 18528 QUEEN ELIZABETH DR, Olney, MD 20832 (MLS # MC8583075)
4 beds 3 baths $489,900
18508 OXFORDSHIRE TER Olney, MD 20832
Photo of 18508 OXFORDSHIRE TER, Olney, MD 20832 (MLS # MC8581747)
4 beds 4 baths 3,000 sqft $525,000
2905 LINDENWOOD DR Olney, MD 20832
Photo of 2905 LINDENWOOD DR, Olney, MD 20832 (MLS # MC8581628)
4 beds 4 baths $609,900
4407 FISHERMANS CT Olney, MD 20832
Photo of 4407 FISHERMANS CT, Olney, MD 20832 (MLS # MC8580551)
3 beds 3 baths $267,000
18207 LEMAN LAKE DR, Unit 509 Olney, MD 20832
Photo of 18207 LEMAN LAKE DR, Unit 509, Olney, MD 20832 (MLS # MC8580399)
2 beds 2 baths 1,032 sqft $209,900
4706 BABBLING BROOK DR Olney, MD 20832
Photo of 4706 BABBLING BROOK DR, Olney, MD 20832 (MLS # MC8580189)
3 beds 3 baths $419,900
3637 WINTER LAUREL TER Olney, MD 20832
Photo of 3637 WINTER LAUREL TER, Olney, MD 20832 (MLS # MC8580155)
4 beds 2 baths $399,000
2809 COVENT GARDEN TER Olney, MD 20832
Photo of 2809 COVENT GARDEN TER, Olney, MD 20832 (MLS # MC8579386)
4 beds 3 baths $450,000
19108 WILLOW GROVE RD Olney, MD 20832
Photo of 19108 WILLOW GROVE RD, Olney, MD 20832 (MLS # MC8578509)
5 beds 4 baths $498,000
3413 JOHN CARROLL DR Olney, MD 20832
Photo of 3413 JOHN CARROLL DR, Olney, MD 20832 (MLS # MC8578337)
3 beds 3 baths 2,542 sqft $574,900
3134 BENTON SQUARE DR Olney, MD 20832
Photo of 3134 BENTON SQUARE DR, Olney, MD 20832 (MLS # MC8578946)
3 beds 3 baths $339,900
18601 THORNBERRY LN Olney, MD 20832
Photo of 18601 THORNBERRY LN, Olney, MD 20832 (MLS # MC8578294)
5 beds 3 baths $514,900
3708 MOUNT OLNEY LN Olney, MD 20832
Photo of 3708 MOUNT OLNEY LN, Olney, MD 20832 (MLS # MC8577815)
5 beds 3 baths $519,900
13 THORNHURST CT Olney, MD 20832
Photo of 13 THORNHURST CT, Olney, MD 20832 (MLS # MC8575514)
4 beds 3 baths $524,900
2826 THICKETT WAY Olney, MD 20832
Photo of 2826 THICKETT WAY, Olney, MD 20832 (MLS # MC8576659)
3 beds 3 baths $420,000
4936 TOTHILL DR Olney, MD 20832
Photo of 4936 TOTHILL DR, Olney, MD 20832 (MLS # MC8576634)
3 beds 4 baths $499,900
4823 CHICHESTER HOUSE RD Olney, MD 20832
Photo of 4823 CHICHESTER HOUSE RD, Olney, MD 20832 (MLS # MC8573245)
5 beds 6 baths 5,790 sqft $1,148,000
2511 OWENS RD Olney, MD 20832
Photo of 2511 OWENS RD, Olney, MD 20832 (MLS # MC8572548)
5 beds 5 baths 6,402 sqft $750,000
3808 ROSENEATH ST Olney, MD 20832
Photo of 3808 ROSENEATH ST, Olney, MD 20832 (MLS # MC8564483)
4 beds 3 baths 2,302 sqft $469,000
4121 SIR WALTER RD Olney, MD 20832
Photo of 4121 SIR WALTER RD, Olney, MD 20832 (MLS # MC8561388)
3 beds 3 baths 2,038 sqft $519,900
17715 SAINT AGNES WAY Olney, MD 20832
Photo of 17715 SAINT AGNES WAY, Olney, MD 20832 (MLS # MC8566526)
4 beds 3 baths $525,000
4628 RIPLEY MANOR TER Olney, MD 20832
Photo of 4628 RIPLEY MANOR TER, Olney, MD 20832 (MLS # MC8566791)
3 beds 4 baths 2,311 sqft $349,000
17805 BUEHLER RD, Unit 3-E-5 Olney, MD 20832
Photo of 17805 BUEHLER RD, Unit 3-E-5, Olney, MD 20832 (MLS # MC8566695)
3 beds 2 baths $145,000

Sold Listings in Olney

9 Lindenwood Ct Olney, MD 20832
Photo of 9 Lindenwood Ct, Olney, MD 20832 (MLS # MC8561792)
5 beds 4 baths $579,000
16800 Batchellors Forest Rd Olney, MD 20832
Photo of 16800 Batchellors Forest Rd, Olney, MD 20832 (MLS # MC8554433)
4 beds 2 baths $409,000
18202 Windsor Hill Dr #301 Olney, MD 20832
Photo of 18202 Windsor Hill Dr #301, Olney, MD 20832 (MLS # MC8552188)
3 beds 3 baths 1,250 sqft $236,000
9 Darnell Ct Olney, MD 20832
Photo of 9 Darnell Ct, Olney, MD 20832 (MLS # MC8541906)
4 beds 3 baths $439,900
17713 Overwood Dr Olney, MD 20832
Photo of 17713 Overwood Dr, Olney, MD 20832 (MLS # MC8545142)
3 beds 2 baths $345,000
4617 Morningwood Dr Olney, MD 20832
Photo of 4617 Morningwood Dr, Olney, MD 20832 (MLS # MC8542647)
5 beds 3 baths $469,000
18154 Rolling Meadow Way #187 Olney, MD 20832
Photo of 18154 Rolling Meadow Way #187, Olney, MD 20832 (MLS # MC8539892)
2 beds 2 baths 1,155 sqft $221,900
18511 Fiddleleaf Ter Olney, MD 20832
Photo of 18511 Fiddleleaf Ter, Olney, MD 20832 (MLS # MC8538524)
4 beds 4 baths $570,000
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 $297,000
18351 Leman Lake Dr #804 Olney, MD 20832
Photo of 18351 Leman Lake Dr #804, Olney, MD 20832 (MLS # MC8538946)
2 beds 2 baths 1,032 sqft $205,000
17912 Shotley Bridge Pl Olney, MD 20832
Photo of 17912 Shotley Bridge Pl, Olney, MD 20832 (MLS # MC8536243)
3 beds 4 baths $400,000
17515 Longview Ln Olney, MD 20832
Photo of 17515 Longview Ln, Olney, MD 20832 (MLS # MC8535424)
3 beds 4 baths 1,532 sqft $330,000
3409 King William Dr Olney, MD 20832
Photo of 3409 King William Dr, Olney, MD 20832 (MLS # MC8534609)
5 beds 4 baths $645,000
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 $240,200
18265 Leman Lake Dr #603-B Olney, MD 20832
Photo of 18265 Leman Lake Dr #603-B, Olney, MD 20832 (MLS # MC8528784)
2 beds 2 baths 1,032 sqft $197,500
17913 Cashell Rd Olney, MD 20832
Photo of 17913 Cashell Rd, Olney, MD 20832 (MLS # MC8527829)
4 beds 3 baths $369,000
3605 Winter Laurel Ter Olney, MD 20832
Photo of 3605 Winter Laurel Ter, Olney, MD 20832 (MLS # MC8524820)
4 beds 2 baths $475,000
18325 Darnell Dr Olney, MD 20832
Photo of 18325 Darnell Dr, Olney, MD 20832 (MLS # MC8523412)
4 beds 3 baths $469,500
3812 Cherry Valley Dr Olney, MD 20832
Photo of 3812 Cherry Valley Dr, Olney, MD 20832 (MLS # MC8521076)
4 beds 4 baths $505,000
3136 Saint Florence Ter Olney, MD 20832
Photo of 3136 Saint Florence Ter, Olney, MD 20832 (MLS # MC8519211)
3 beds 4 baths 2,290 sqft $349,900
4806 Abbyville Pl Olney, MD 20832
Photo of 4806 Abbyville Pl, Olney, MD 20832 (MLS # MC8514901)
3 beds 4 baths $498,000
18301 Leman Lake Dr #708 Olney, MD 20832
Photo of 18301 Leman Lake Dr #708, Olney, MD 20832 (MLS # MC8512364)
3 beds 2 baths 1,150 sqft $235,500
19616 Islander St Olney, MD 20832
Photo of 19616 Islander St, Olney, MD 20832 (MLS # MC8509193)
4 beds 3 baths $435,000
4433 Cannes Ln Olney, MD 20832
Photo of 4433 Cannes Ln, Olney, MD 20832 (MLS # MC8506684)
3 beds 3 baths $325,000
18254 Hickory Meadow Dr Olney, MD 20832
Photo of 18254 Hickory Meadow Dr, Olney, MD 20832 (MLS # MC8503426)
5 beds 4 baths 3,250 sqft $660,000
18618 Clovercrest Cir Olney, MD 20832
Photo of 18618 Clovercrest Cir, Olney, MD 20832 (MLS # MC8502685)
3 beds 3 baths $400,000
4109 Olney Laytonsville Rd Olney, MD 20832
Photo of 4109 Olney Laytonsville Rd, Olney, MD 20832 (MLS # MC8497589)
3 beds 3 baths $415,000
5014 Tothill Dr Olney, MD 20832
Photo of 5014 Tothill Dr, Olney, MD 20832 (MLS # MC8495382)
5 beds 5 baths $655,000
16828 Centerfield Way Olney, MD 20832
Photo of 16828 Centerfield Way, Olney, MD 20832 (MLS # MC8495335)
2 beds 3 baths $346,000
2101 Bishops Castle Dr Olney, MD 20832
Photo of 2101 Bishops Castle Dr, Olney, MD 20832 (MLS # MC8493885)
4 beds 3 baths 3,516 sqft $565,000

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