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

$455,500 Average Price
1,808Avg Home Size
1985Avg Year Built

Owners vs Renters

Local vs National Home Values

 LocalNational
Zillow Home Value Index $457,900 $174,800
Median Single Family Home Value $523,900 $174,200
Median Condo Value $304,800 $178,900
Median 3-Bedroom Home Value $374,500 $168,100
Median 4-Bedroom Home Value $518,500 $282,900
Percent Homes Decreasing 11.6% 27.2%
Percent Listing Price Reduction 39.7% 34.8%
Median List Price Per Sq Ft $238 $111
Median List Price $489,000 $215,000
Median Sale Price $455,500 $217,800
Homes For Sale 0 0
Homes Recently Sold 0 0
Property Tax $4,028 $2,083
Turnover (Sold Within Last Yr.) 4.1% 4%
Median Value Per Sq Ft $240 $120
1-Yr. Change 5% 6.5%
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

3729 CARRISA LN Olney, MD 20832
Photo of 3729 CARRISA LN, Olney, MD 20832 (MLS # MC8444376)
3 beds 3 baths $278,000
3416 FALLING GREEN RD Olney, MD 20832
Photo of 3416 FALLING GREEN RD, Olney, MD 20832 (MLS # MC8443023)
3 beds 3 baths $399,900
17752 CHIPPING CT Olney, MD 20832
Photo of 17752 CHIPPING CT, Olney, MD 20832 (MLS # MC8442659)
4 beds 3 baths $314,900
17450 MACDUFF AVE Olney, MD 20832
Photo of 17450 MACDUFF AVE, Olney, MD 20832 (MLS # MC8441800)
4 beds 4 baths $575,000
4024 FULFORD ST Olney, MD 20832
Photo of 4024 FULFORD ST, Olney, MD 20832 (MLS # MC8441738)
3 beds 3 baths 1,700 sqft $459,900
18731 BLOOMFIELD RD Olney, MD 20832
Photo of 18731 BLOOMFIELD RD, Olney, MD 20832 (MLS # MC8440894)
4 beds 4 baths $569,000
17420 CHEROKEE LN Olney, MD 20832
Photo of 17420 CHEROKEE LN, Olney, MD 20832 (MLS # MC8439322)
4 beds 4 baths $599,990
4000 BOLEYN TER Olney, MD 20832
Photo of 4000 BOLEYN TER, Olney, MD 20832 (MLS # MC8439205)
4 beds 4 baths $625,000
3104 BENTON SQUARE DR Olney, MD 20832
Photo of 3104 BENTON SQUARE DR, Olney, MD 20832 (MLS # MC8438041)
3 beds 3 baths $329,000
17617 GOOSE CREEK RD Olney, MD 20832
Photo of 17617 GOOSE CREEK RD, Olney, MD 20832 (MLS # MC8438739)
5 beds 3 baths $579,900
4638 RIPLEY MANOR TER Olney, MD 20832
Photo of 4638 RIPLEY MANOR TER, Olney, MD 20832 (MLS # MC8438429)
3 beds 3 baths $399,900
3900 GELDING LN Olney, MD 20832
Photo of 3900 GELDING LN, Olney, MD 20832 (MLS # MC8438415)
4 beds 3 baths $399,000
17412 KIRSTIN CT Olney, MD 20832
Photo of 17412 KIRSTIN CT, Olney, MD 20832 (MLS # MC8438383)
5 beds 4 baths $554,000
2003 PETERSFIELD PL Olney, MD 20832
Photo of 2003 PETERSFIELD PL, Olney, MD 20832 (MLS # MC8436559)
4 beds 4 baths $579,900
17401 EVANGELINE LN Olney, MD 20832
Photo of 17401 EVANGELINE LN, Olney, MD 20832 (MLS # MC8436528)
4 beds 4 baths $649,900
3424 FALLING GREEN RD Olney, MD 20832
Photo of 3424 FALLING GREEN RD, Olney, MD 20832 (MLS # MC8435790)
3 beds 3 baths 2,756 sqft $439,000
2710 MEADOWLAND CT Olney, MD 20832
Photo of 2710 MEADOWLAND CT, Olney, MD 20832 (MLS # MC8435637)
4 beds 4 baths $609,000
18235 LEMAN LAKE DR, Unit 502 Olney, MD 20832
Photo of 18235 LEMAN LAKE DR, Unit 502, Olney, MD 20832 (MLS # MC8435597)
2 beds 3 baths 1,137 sqft $229,000
2109 PETERSFIELD PL Olney, MD 20832
Photo of 2109 PETERSFIELD PL, Olney, MD 20832 (MLS # MC8433683)
3 beds 4 baths $316,500
18128 WINDSOR HILL DR, Unit 108A Olney, MD 20832
Photo of 18128 WINDSOR HILL DR, Unit 108A, Olney, MD 20832 (MLS # MC8432448)
2 beds 2 baths 1,137 sqft $209,900
4603 WESTON PL Olney, MD 20832
Photo of 4603 WESTON PL, Olney, MD 20832 (MLS # MC8432233)
3 beds 3 baths 2,330 sqft $418,999
17304 WINTER LAUREL DR Olney, MD 20832
Photo of 17304 WINTER LAUREL DR, Olney, MD 20832 (MLS # MC8432006)
4 beds 3 baths $449,000
3308 LLEWELLYN FIELD RD Olney, MD 20832
Photo of 3308 LLEWELLYN FIELD RD, Olney, MD 20832 (MLS # MC8429606)
3 beds 3 baths 2,178 sqft $433,000
2133 ROSE THEATRE CIR Olney, MD 20832
Photo of 2133 ROSE THEATRE CIR, Olney, MD 20832 (MLS # MC8429311)
4 beds 5 baths 6,063 sqft $599,900
4421 Winding Oak Dr Olney, MD 20832
Photo of 4421 Winding Oak Dr, Olney, MD 20832 (MLS # MC8428424)
4 beds 4 baths $0
3909 SHALLOW BROOK LN Olney, MD 20832
Photo of 3909 SHALLOW BROOK LN, Olney, MD 20832 (MLS # MC8427418)
4 beds 4 baths $549,900
18425 SNOWBERRY WAY Olney, MD 20832
Photo of 18425 SNOWBERRY WAY, Olney, MD 20832 (MLS # MC8427292)
4 beds 4 baths $629,000
17712 CHIPPING CT Olney, MD 20832
Photo of 17712 CHIPPING CT, Olney, MD 20832 (MLS # MC8425597)
3 beds 4 baths 2,420 sqft $362,999
18292 ROLLING MEADOW WAY, Unit 5 Olney, MD 20832
Photo of 18292 ROLLING MEADOW WAY, Unit 5, Olney, MD 20832 (MLS # MC8425272)
2 beds 2 baths 1,233 sqft $227,500
17621 LONGVIEW LN Olney, MD 20832
Photo of 17621 LONGVIEW LN, Olney, MD 20832 (MLS # MC8422128)
3 beds 2 baths $315,000

Sold Listings in Olney

4421 Winding Oak Dr Olney, MD 20832
Photo of 4421 Winding Oak Dr, Olney, MD 20832 (MLS # MC8428424)
4 beds 4 baths $0
14 Shallow Brook Ct Olney, MD 20832
Photo of 14 Shallow Brook Ct, Olney, MD 20832 (MLS # MC8406161)
4 beds 4 baths 2,802 sqft $0
4104 Horatio Ct Olney, MD 20832
Photo of 4104 Horatio Ct, Olney, MD 20832 (MLS # MC8404600)
5 beds 4 baths $0
18121 Homeland Dr Olney, MD 20832
Photo of 18121 Homeland Dr, Olney, MD 20832 (MLS # MC8403025)
4 beds 4 baths $0
2710 Lindenwood Dr Olney, MD 20832
Photo of 2710 Lindenwood Dr, Olney, MD 20832 (MLS # MC8401557)
4 beds 4 baths 2,996 sqft $0
17811 Buehler Rd #3-D-3 Olney, MD 20832
Photo of 17811 Buehler Rd #3-D-3, Olney, MD 20832 (MLS # MC8397421)
2 beds 2 baths 880 sqft $0
3536 Toddsbury Ln Olney, MD 20832
Photo of 3536 Toddsbury Ln, Olney, MD 20832 (MLS # MC8396042)
4 beds 4 baths 3,192 sqft $0
3044 Ohara Pl Olney, MD 20832
Photo of 3044 Ohara Pl, Olney, MD 20832 (MLS # MC8392455)
4 beds 3 baths $0
4500 Prestwood Dr Olney, MD 20832
Photo of 4500 Prestwood Dr, Olney, MD 20832 (MLS # MC8392294)
4 beds 3 baths 1,957 sqft $0
2917 Clovercrest Way Olney, MD 20832
3 beds 4 baths $0
17971 Dumfries Cir Olney, MD 20832
Photo of 17971 Dumfries Cir, Olney, MD 20832 (MLS # MC8390215)
3 beds 3 baths $0
17815 Buehler Rd #90 Olney, MD 20832
Photo of 17815 Buehler Rd #90, Olney, MD 20832 (MLS # MC8388459)
2 beds 1 bath 861 sqft $0
4221 Sandcastle Ln Olney, MD 20832
Photo of 4221 Sandcastle Ln, Olney, MD 20832 (MLS # MC8388991)
3 beds 3 baths $0
2713 Meadowland Ct Olney, MD 20832
Photo of 2713 Meadowland Ct, Olney, MD 20832 (MLS # MC8387783)
4 beds 4 baths $0
18508 Fiddleleaf Ter Olney, MD 20832
Photo of 18508 Fiddleleaf Ter, Olney, MD 20832 (MLS # MC8383580)
4 beds 4 baths 3,482 sqft $0
17811 Buehler Rd #1-B-1 Olney, MD 20832
Photo of 17811 Buehler Rd #1-B-1, Olney, MD 20832 (MLS # MC8381782)
1 bed 1 bath 719 sqft $0
9 Thornhurst Ct Olney, MD 20832
Photo of 9 Thornhurst Ct, Olney, MD 20832 (MLS # MC8380783)
4 beds 3 baths 2,948 sqft $0
18304 Commandery Way Olney, MD 20832
Photo of 18304 Commandery Way, Olney, MD 20832 (MLS # MC8381513)
4 beds 4 baths 3,778 sqft $0
17844 Shotley Bridge Pl Olney, MD 20832
Photo of 17844 Shotley Bridge Pl, Olney, MD 20832 (MLS # MC8380609)
3 beds 3 baths $0
3905 Ashland Brooke Way Olney, MD 20832
Photo of 3905 Ashland Brooke Way, Olney, MD 20832 (MLS # MC8375344)
4 beds 3 baths $0
4113 Mount Olney Ln Olney, MD 20832
Photo of 4113 Mount Olney Ln, Olney, MD 20832 (MLS # MC8373372)
3 beds 3 baths $0
17113 Thorntondale Ct Olney, MD 20832
Photo of 17113 Thorntondale Ct, Olney, MD 20832 (MLS # MC8369984)
3 beds 3 baths 1,432 sqft $0
17224 Evangeline Ln Olney, MD 20832
Photo of 17224 Evangeline Ln, Olney, MD 20832 (MLS # MC8370332)
4 beds 4 baths 3,038 sqft $0
18606 Clovercrest Cir Olney, MD 20832
Photo of 18606 Clovercrest Cir, Olney, MD 20832 (MLS # MC8368042)
3 beds 4 baths $0
3222 Spartan Rd #1-J Olney, MD 20832
Photo of 3222 Spartan Rd #1-J, Olney, MD 20832 (MLS # MC8363792)
2 beds 2 baths 1,037 sqft $0
5 Lindenwood Ct Olney, MD 20832
Photo of 5 Lindenwood Ct, Olney, MD 20832 (MLS # MC8362983)
4 beds 4 baths $0
14 Holly View Ct Olney, MD 20832
Photo of 14 Holly View Ct, Olney, MD 20832 (MLS # MC8363138)
3 beds 3 baths $0
3805 Wilberta St Olney, MD 20832
Photo of 3805 Wilberta St, Olney, MD 20832 (MLS # MC8360444)
5 beds 4 baths $0
18403 Oxfordshire Ter Olney, MD 20832
Photo of 18403 Oxfordshire Ter, Olney, MD 20832 (MLS # MC8359255)
3 beds 4 baths 2,660 sqft $0
19129 Willow Grove Rd Olney, MD 20832
Photo of 19129 Willow Grove Rd, Olney, MD 20832 (MLS # MC8357642)
4 beds 3 baths 2,802 sqft $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