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

$388,500 Average Price
1,808Avg Home Size
1985Avg Year Built

Owners vs Renters

Local vs National Home Values

 LocalNational
Zillow Home Value Index $440,500 $169,200
Median Single Family Home Value $500,000 $168,700
Median Condo Value $292,900 $173,900
Median 3-Bedroom Home Value $370,100 $162,200
Median 4-Bedroom Home Value $497,600 $271,600
Percent Homes Decreasing 10% 21.8%
Percent Listing Price Reduction 23.3% 28.1%
Median List Price Per Sq Ft $228 $108
Median List Price $464,000 $199,000
Median Sale Price $388,500 $194,400
Homes For Sale 0 0
Homes Recently Sold 0 0
Property Tax $3,970 $2,080
Turnover (Sold Within Last Yr.) 4.4% 4.2%
Median Value Per Sq Ft $219 $113
1-Yr. Change 5% 5.6%
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

3612 KING WILLIAM DR Olney, MD 20832
Photo of 3612 KING WILLIAM DR, Olney, MD 20832 (MLS # MC8321918)
4 beds 3 baths 2,722 sqft $470,000
19340 OLNEY MILL RD Olney, MD 20832
Photo of 19340 OLNEY MILL RD, Olney, MD 20832 (MLS # MC8321560)
4 beds 3 baths $489,900
18264 HICKORY MEADOW DR Olney, MD 20832
Photo of 18264 HICKORY MEADOW DR, Olney, MD 20832 (MLS # MC8321393)
4 beds 3 baths 2,626 sqft $639,352
1 SPARTAN CT Olney, MD 20832
Photo of 1 SPARTAN CT, Olney, MD 20832 (MLS # MC8320271)
5 beds 5 baths 5,584 sqft $749,900
18727 BLOOMFIELD RD Olney, MD 20832
Photo of 18727 BLOOMFIELD RD, Olney, MD 20832 (MLS # MC8319138)
4 beds 3 baths 1,378 sqft $449,900
17521 OLD BALTIMORE RD Olney, MD 20832
Photo of 17521 OLD BALTIMORE RD, Olney, MD 20832 (MLS # MC8319347)
4 beds 3 baths $1,850,000
4509 CANNES LN Olney, MD 20832
Photo of 4509 CANNES LN, Olney, MD 20832 (MLS # MC8318677)
3 beds 4 baths 1,542 sqft $324,900
3600 WINTER LAUREL TER Olney, MD 20832
Photo of 3600 WINTER LAUREL TER, Olney, MD 20832 (MLS # MC8318786)
4 beds 3 baths $475,000
17105 MOSS SIDE LN, Unit 27 Olney, MD 20832
Photo of 17105 MOSS SIDE LN, Unit 27, Olney, MD 20832 (MLS # MC8317769)
3 beds 4 baths 1,780 sqft $329,999
3403 SAINT THERESA CT Olney, MD 20832
Photo of 3403 SAINT THERESA CT, Olney, MD 20832 (MLS # MC8317763)
4 beds 4 baths $479,900
3020 GATEHOUSE CT Olney, MD 20832
Photo of 3020 GATEHOUSE CT, Olney, MD 20832 (MLS # MC8317512)
3 beds 3 baths $380,000
18339 LEMAN LAKE DR, Unit 807-A Olney, MD 20832
Photo of 18339 LEMAN LAKE DR, Unit 807-A, Olney, MD 20832 (MLS # MC8316740)
2 beds 2 baths 1,137 sqft $209,900
2602 THISTLEDOWN TER Olney, MD 20832
Photo of 2602 THISTLEDOWN TER, Olney, MD 20832 (MLS # MC8316389)
5 beds 4 baths $639,900
4242 BAR HARBOR PL Olney, MD 20832
Photo of 4242 BAR HARBOR PL, Olney, MD 20832 (MLS # MC8316381)
3 beds 4 baths $369,900
18212 ALLWOOD TER Olney, MD 20832
Photo of 18212 ALLWOOD TER, Olney, MD 20832 (MLS # MC8316223)
4 beds 3 baths $479,900
4217 QUEEN MARY DR Olney, MD 20832
Photo of 4217 QUEEN MARY DR, Olney, MD 20832 (MLS # MC8316118)
4 beds 4 baths 2,648 sqft $559,900
17703 EAGLESHAM PL Olney, MD 20832
Photo of 17703 EAGLESHAM PL, Olney, MD 20832 (MLS # MC8315893)
4 beds 3 baths 2,356 sqft $529,900
3126 PALADIN TER Olney, MD 20832
Photo of 3126 PALADIN TER, Olney, MD 20832 (MLS # MC8315538)
3 beds 4 baths $350,000
18035 VINTAGE RIVER TER Olney, MD 20832
Photo of 18035 VINTAGE RIVER TER, Olney, MD 20832 (MLS # MC8315339)
4 beds 4 baths 1,376 sqft $305,990
17719 LOCHNESS CIR, Unit 60 Olney, MD 20832
Photo of 17719 LOCHNESS CIR, Unit 60, Olney, MD 20832 (MLS # MC8314988)
3 beds 4 baths 1,400 sqft $299,000
3329 MEGANS WAY Olney, MD 20832
Photo of 3329 MEGANS WAY, Olney, MD 20832 (MLS # MC8314922)
5 beds 4 baths $569,900
4104 HORATIO CT Olney, MD 20832
Photo of 4104 HORATIO CT, Olney, MD 20832 (MLS # MC8314327)
5 beds 4 baths $639,900
17531 LONGVIEW LN Olney, MD 20832
Photo of 17531 LONGVIEW LN, Olney, MD 20832 (MLS # MC8314695)
3 beds 3 baths $259,000
4638 RIPLEY MANOR TER Olney, MD 20832
Photo of 4638 RIPLEY MANOR TER, Olney, MD 20832 (MLS # MC8313738)
3 beds 3 baths $414,900
18628 SHADOWRIDGE TER Olney, MD 20832
Photo of 18628 SHADOWRIDGE TER, Olney, MD 20832 (MLS # MC8311312)
3 beds 4 baths 2,280 sqft $399,000
18905 BLOOMFIELD RD Olney, MD 20832
Photo of 18905 BLOOMFIELD RD, Olney, MD 20832 (MLS # MC8310883)
4 beds 3 baths $444,999
4304 SIR WALTER RD Olney, MD 20832
Photo of 4304 SIR WALTER RD, Olney, MD 20832 (MLS # MC8309878)
5 beds 4 baths $565,000
18609 HEDGEGROVE TER Olney, MD 20832
Photo of 18609 HEDGEGROVE TER, Olney, MD 20832 (MLS # MC8309429)
4 beds 3 baths $479,900
4236 HEADWATERS LN Olney, MD 20832
Photo of 4236 HEADWATERS LN, Olney, MD 20832 (MLS # MC8308371)
3 beds 4 baths 2,010 sqft $485,000
18306 COMMANDERY WAY Olney, MD 20832
Photo of 18306 COMMANDERY WAY, Olney, MD 20832 (MLS # MC8308288)
4 beds 4 baths 3,986 sqft $699,000

Sold Listings in Olney

18154 Headwaters Dr Olney, MD 20832
Photo of 18154 Headwaters Dr, Olney, MD 20832 (MLS # MC8284676)
4 beds 4 baths 3,000 sqft $0
17608 Prince Edward Dr Olney, MD 20832
Photo of 17608 Prince Edward Dr, Olney, MD 20832 (MLS # MC8279669)
4 beds 3 baths 2,648 sqft $0
3216 Saint Augustine Ct Olney, MD 20832
Photo of 3216 Saint Augustine Ct, Olney, MD 20832 (MLS # MC8275019)
3 beds 3 baths 1,760 sqft $0
3401 Bantry Way Olney, MD 20832
Photo of 3401 Bantry Way, Olney, MD 20832 (MLS # MC8270799)
3 beds 3 baths $0
2 Winter Garden Ct Olney, MD 20832
Photo of 2 Winter Garden Ct, Olney, MD 20832 (MLS # MC8269863)
4 beds 4 baths 1,452 sqft $0
17517 Gallagher Way Olney, MD 20832
Photo of 17517 Gallagher Way, Olney, MD 20832 (MLS # MC8261868)
3 beds 2 baths 1,760 sqft $0
4716 Brightwood Rd Olney, MD 20832
Photo of 4716 Brightwood Rd, Olney, MD 20832 (MLS # MC8259766)
4 beds 4 baths $0
18 Morningwood Ct Olney, MD 20832
Photo of 18 Morningwood Ct, Olney, MD 20832 (MLS # MC8257908)
5 beds 4 baths $0
18259 Leman Lake Dr #604 Olney, MD 20832
Photo of 18259 Leman Lake Dr #604, Olney, MD 20832 (MLS # MC8255417)
2 beds 2 baths 1,032 sqft $0
4641 Ripley Manor Ter Olney, MD 20832
Photo of 4641 Ripley Manor Ter, Olney, MD 20832 (MLS # MC8255412)
3 beds 3 baths $0
17204 Wellfleet Dr Olney, MD 20832
Photo of 17204 Wellfleet Dr, Olney, MD 20832 (MLS # MC8254423)
4 beds 4 baths $0
16830 Centerfield Way Olney, MD 20832
Photo of 16830 Centerfield Way, Olney, MD 20832 (MLS # MC8253659)
2 beds 4 baths $0
18239 Leman Lake Dr #501 Olney, MD 20832
Photo of 18239 Leman Lake Dr #501, Olney, MD 20832 (MLS # MC8254045)
3 beds 2 baths 1,145 sqft $0
2925 Clovercrest Way Olney, MD 20832
Photo of 2925 Clovercrest Way, Olney, MD 20832 (MLS # MC8253557)
3 beds 3 baths $0
2803 Covent Garden Ter Olney, MD 20832
Photo of 2803 Covent Garden Ter, Olney, MD 20832 (MLS # MC8250875)
4 beds 4 baths $0
16815 Centerfield Way Olney, MD 20832
Photo of 16815 Centerfield Way, Olney, MD 20832 (MLS # MC8248798)
2 beds 4 baths 2,112 sqft $0
17647 Longview Ln Olney, MD 20832
Photo of 17647 Longview Ln, Olney, MD 20832 (MLS # MC8245757)
3 beds 3 baths 1,588 sqft $0
18041 Golden Spring Ct #162 Olney, MD 20832
Photo of 18041 Golden Spring Ct #162, Olney, MD 20832 (MLS # MC8242448)
3 beds 3 baths 1,407 sqft $0
17139 Moss Side Ln #12 Olney, MD 20832
3 beds 3 baths 1,880 sqft $0
3406 Pisner Ter Olney, MD 20832
Photo of 3406 Pisner Ter, Olney, MD 20832 (MLS # MC8240546)
3 beds 3 baths $0
18237 Fox Chase Cir Olney, MD 20832
Photo of 18237 Fox Chase Cir, Olney, MD 20832 (MLS # MC8239677)
3 beds 3 baths $0
18249 Rolling Meadow Way #9 Olney, MD 20832
Photo of 18249 Rolling Meadow Way #9, Olney, MD 20832 (MLS # MC8238962)
2 beds 2 baths 1,192 sqft $0
3401 King William Dr Olney, MD 20832
Photo of 3401 King William Dr, Olney, MD 20832 (MLS # MC8237795)
4 beds 3 baths $0
13 Dutchess Ct Olney, MD 20832
Photo of 13 Dutchess Ct, Olney, MD 20832 (MLS # MC8234393)
4 beds 3 baths 2,324 sqft $0
3717 Carrisa Ln Olney, MD 20832
Photo of 3717 Carrisa Ln, Olney, MD 20832 (MLS # MC8231275)
3 beds 3 baths $298,000
3717 Carrisa Ln Olney, MD 20832
Photo of 3717 Carrisa Ln, Olney, MD 20832 (MLS # MC8231275)
3 beds 3 baths $0
4838 Broom Dr Olney, MD 20832
Photo of 4838 Broom Dr, Olney, MD 20832 (MLS # MC8230591)
4 beds 4 baths 3,750 sqft $0
17803 Lochness Cir #46 Olney, MD 20832
Photo of 17803 Lochness Cir #46, Olney, MD 20832 (MLS # MC8229471)
3 beds 4 baths 1,650 sqft $0
18284 Windsor Hill Dr #407a Olney, MD 20832
Photo of 18284 Windsor Hill Dr #407a, Olney, MD 20832 (MLS # MC8229941)
2 beds 3 baths 1,137 sqft $0
16833 Ethelwood Ter Olney, MD 20832
Photo of 16833 Ethelwood Ter, Olney, MD 20832 (MLS # MC8228400)
5 beds 5 baths 4,967 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
K-8, private
The Julia Brown Montessori Schools
PK-3, private
Olney Adventist Preparatory
K-8, private
Oakdale Christian Academy
K, private