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

$478,300 Average Price
1,808Avg Home Size
1985Avg Year Built

Owners vs Renters

Local vs National Home Values

 LocalNational
Zillow Home Value Index $458,900 $174,200
Median Single Family Home Value $522,900 $174,000
Median Condo Value $297,500 $177,500
Median 3-Bedroom Home Value $376,100 $167,900
Median 4-Bedroom Home Value $522,100 $282,500
Percent Homes Decreasing 10.8% 26.5%
Percent Listing Price Reduction 34.8% 29.2%
Median List Price Per Sq Ft $234 $112
Median List Price $490,000 $215,000
Median Sale Price $478,300 $211,100
Homes For Sale 0 0
Homes Recently Sold 0 0
Property Tax $4,027 $2,083
Turnover (Sold Within Last Yr.) 3.9% 4%
Median Value Per Sq Ft $239 $120
1-Yr. Change 6.8% 6.3%
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

4638 RIPLEY MANOR TER Olney, MD 20832
Photo of 4638 RIPLEY MANOR TER, Olney, MD 20832 (MLS # MC8417098)
3 beds 3 baths $409,900
4261 CHARLEY FOREST ST Olney, MD 20832
Photo of 4261 CHARLEY FOREST ST, Olney, MD 20832 (MLS # MC8416711)
3 beds 3 baths $459,900
6 WINDING OAK CT Olney, MD 20832
Photo of 6 WINDING OAK CT, Olney, MD 20832 (MLS # MC8415952)
4 beds 4 baths $690,900
3529 FALLING GREEN RD Olney, MD 20832
Photo of 3529 FALLING GREEN RD, Olney, MD 20832 (MLS # MC8415458)
2 beds 3 baths $500,000
4017 GELDING LN Olney, MD 20832
Photo of 4017 GELDING LN, Olney, MD 20832 (MLS # MC8414952)
5 beds 3 baths $499,000
18307 LEEDSTOWN WAY Olney, MD 20832
Photo of 18307 LEEDSTOWN WAY, Olney, MD 20832 (MLS # MC8414495)
4 beds 4 baths 4,138 sqft $689,900
4401 RENDALE CT Olney, MD 20832
Photo of 4401 RENDALE CT, Olney, MD 20832 (MLS # MC8414373)
4 beds 3 baths $535,000
18508 KILT TER Olney, MD 20832
Photo of 18508 KILT TER, Olney, MD 20832 (MLS # MC8413273)
4 beds 2 baths 2,206 sqft $425,000
4216 SANDCASTLE LN Olney, MD 20832
Photo of 4216 SANDCASTLE LN, Olney, MD 20832 (MLS # MC8412702)
4 beds 3 baths $550,000
17917 OVERWOOD DR Olney, MD 20832
Photo of 17917 OVERWOOD DR, Olney, MD 20832 (MLS # MC8412328)
4 beds 3 baths $359,000
4800 Thornhurst DR Olney, MD 20832
Photo of 4800 Thornhurst DR, Olney, MD 20832 (MLS # MC8411329)
5 beds 3 baths 2,620 sqft $649,990
3532 FALLING GREEN RD Olney, MD 20832
Photo of 3532 FALLING GREEN RD, Olney, MD 20832 (MLS # MC8411030)
3 beds 3 baths $459,000
4125 SIR WALTER RD Olney, MD 20832
Photo of 4125 SIR WALTER RD, Olney, MD 20832 (MLS # MC8409689)
5 beds 5 baths $510,000
2960 MCGEE WAY Olney, MD 20832
Photo of 2960 MCGEE WAY, Olney, MD 20832 (MLS # MC8409101)
2 beds 2 baths $269,000
3717 DELLABROOKE ST Olney, MD 20832
Photo of 3717 DELLABROOKE ST, Olney, MD 20832 (MLS # MC8408095)
4 beds 3 baths $500,000
3738 GELDERLAND CT Olney, MD 20832
Photo of 3738 GELDERLAND CT, Olney, MD 20832 (MLS # MC8407897)
3 beds 3 baths $324,900
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 $554,900
3006 VIBURNUM PL Olney, MD 20832
Photo of 3006 VIBURNUM PL, Olney, MD 20832 (MLS # MC8405929)
4 beds 4 baths $674,900
4104 HORATIO CT Olney, MD 20832
Photo of 4104 HORATIO CT, Olney, MD 20832 (MLS # MC8404600)
5 beds 4 baths $599,900
3900 GELDING LN Olney, MD 20832
Photo of 3900 GELDING LN, Olney, MD 20832 (MLS # MC8404514)
4 beds 3 baths $419,900
3413 KING WILLIAM DR Olney, MD 20832
Photo of 3413 KING WILLIAM DR, Olney, MD 20832 (MLS # MC8403224)
4 beds 3 baths 3,192 sqft $557,000
3416 QUEENSBOROUGH DR Olney, MD 20832
Photo of 3416 QUEENSBOROUGH DR, Olney, MD 20832 (MLS # MC8402490)
3 beds 2 baths $292,000
18008 WAGONWHEEL CT Olney, MD 20832
Photo of 18008 WAGONWHEEL CT, Olney, MD 20832 (MLS # MC8402302)
3 beds 4 baths $299,000
2710 LINDENWOOD DR Olney, MD 20832
Photo of 2710 LINDENWOOD DR, Olney, MD 20832 (MLS # MC8401557)
4 beds 4 baths 2,996 sqft $549,000
19108 OLNEY MILL RD Olney, MD 20832
Photo of 19108 OLNEY MILL RD, Olney, MD 20832 (MLS # MC8401071)
3 beds 3 baths 2,112 sqft $499,900
18504 DENHIGH CIR Olney, MD 20832
Photo of 18504 DENHIGH CIR, Olney, MD 20832 (MLS # MC8400591)
5 beds 5 baths $765,000
17404 GALLAGHER WAY Olney, MD 20832
Photo of 17404 GALLAGHER WAY, Olney, MD 20832 (MLS # MC8400082)
3 beds 3 baths 1,848 sqft $359,500
4304 MOUNT OLNEY LN Olney, MD 20832
Photo of 4304 MOUNT OLNEY LN, Olney, MD 20832 (MLS # MC8399249)
4 beds 3 baths $459,900
17715 BUEHLER RD, Unit 10 Olney, MD 20832
Photo of 17715 BUEHLER RD, Unit 10, Olney, MD 20832 (MLS # MC8398044)
3 beds 4 baths 1,440 sqft $310,000
18106 WINDSOR HILL DR, Unit 102 Olney, MD 20832
Photo of 18106 WINDSOR HILL DR, Unit 102, Olney, MD 20832 (MLS # MC8396223)
2 beds 2 baths 1,032 sqft $208,900

Sold Listings in Olney

2917 Clovercrest Way Olney, MD 20832
3 beds 4 baths $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
3905 Ashland Brooke Way Olney, MD 20832
Photo of 3905 Ashland Brooke Way, Olney, MD 20832 (MLS # MC8375344)
4 beds 3 baths $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
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
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
4121 Danube Ct Olney, MD 20832
4 beds 4 baths $0
17163 Moss Side Ln #1 Olney, MD 20832
Photo of 17163 Moss Side Ln #1, Olney, MD 20832 (MLS # MC8355072)
3 beds 3 baths 1,300 sqft $0
17163 MOSS SIDE LN, Unit 1 Olney, MD 20832
Photo of 17163 MOSS SIDE LN, Unit 1, Olney, MD 20832 (MLS # MC8355072)
3 beds 3 baths 1,300 sqft $325,000
18337 Leman Lake Dr #808 Olney, MD 20832
Photo of 18337 Leman Lake Dr #808, Olney, MD 20832 (MLS # MC8352404)
3 beds 3 baths 1,250 sqft $0
4109 Sir Walter Rd Olney, MD 20832
Photo of 4109 Sir Walter Rd, Olney, MD 20832 (MLS # MC8350555)
4 beds 4 baths $0
18117 Bilney Dr Olney, MD 20832
Photo of 18117 Bilney Dr, Olney, MD 20832 (MLS # MC8350220)
4 beds 3 baths 2,100 sqft $0
4505 Prestwood Dr Olney, MD 20832
Photo of 4505 Prestwood Dr, Olney, MD 20832 (MLS # MC8351051)
4 beds 3 baths $0
18608 Clovercrest Cir Olney, MD 20832
Photo of 18608 Clovercrest Cir, Olney, MD 20832 (MLS # MC8350564)
3 beds 4 baths 2,160 sqft $0
18224 Paladin Dr Olney, MD 20832
Photo of 18224 Paladin Dr, Olney, MD 20832 (MLS # MC8349970)
3 beds 4 baths $0
18060 Rolling Meadow Way #262 Olney, MD 20832
Photo of 18060 Rolling Meadow Way #262, Olney, MD 20832 (MLS # MC8348477)
2 beds 2 baths 1,233 sqft $0
18906 Clover Hill Ln Olney, MD 20832
Photo of 18906 Clover Hill Ln, Olney, MD 20832 (MLS # MC8372386)
3 beds 3 baths $0
4545 Boastfield Ln Olney, MD 20832
Photo of 4545 Boastfield Ln, Olney, MD 20832 (MLS # MC8347855)
3 beds 3 baths $0
2513 Little Vista Ter Olney, MD 20832
Photo of 2513 Little Vista Ter, Olney, MD 20832 (MLS # MC8344892)
3 beds 4 baths $0
4605 Bettswood Dr Olney, MD 20832
Photo of 4605 Bettswood Dr, Olney, MD 20832 (MLS # MC8344085)
4 beds 3 baths $0
3228 Spartan Rd #3-E-5 Olney, MD 20832
Photo of 3228 Spartan Rd #3-E-5, Olney, MD 20832 (MLS # MC8344152)
3 beds 2 baths 996 sqft $0
3408 Saint Theresa Ct Olney, MD 20832
Photo of 3408 Saint Theresa Ct, Olney, MD 20832 (MLS # MC8344070)
4 beds 3 baths $0
16929 Macduff Ave Olney, MD 20832
Photo of 16929 Macduff Ave, Olney, MD 20832 (MLS # MC8343186)
5 beds 3 baths 2,420 sqft $0
16916 Macduff Ave Olney, MD 20832
Photo of 16916 Macduff Ave, Olney, MD 20832 (MLS # MC8342573)
4 beds 3 baths $0
18035 Ohara Cir Olney, MD 20832
Photo of 18035 Ohara Cir, Olney, MD 20832 (MLS # MC8342710)
2 beds 2 baths $0
17429 Cherokee Ln Olney, MD 20832
Photo of 17429 Cherokee Ln, Olney, MD 20832 (MLS # MC8342447)
4 beds 5 baths 3,650 sqft $0
4249 Bar Harbor Pl Olney, MD 20832
Photo of 4249 Bar Harbor Pl, Olney, MD 20832 (MLS # MC8341725)
3 beds 3 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