Is Oley, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Oley has remained a Seller's Market.
Key Takeaway
Oley is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Oley, PA
How much do homes in Oley, PA cost?
Median Sold Price
$355,505
$179/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Oley have sold for 1.2% less than they did a year ago.
Summary: The median home sold price in Oley was $355,505 in April 2024, down 1.2% from last year, and the median price per square foot was $179.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $270K | $377.5K | +39.8% |
| 3 Bedrooms | $285K | $292K | +2.5% |
| 4 Bedrooms | $510K | $522.5K | +2.5% |
| 5+ Bedrooms | $561K | $368K | -34.4% |
Summary: Oley housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 39.8%, 3 bedroom homes increased by 2.5%, 4 bedroom homes increased by 2.5%, and 5+ bedroom homes decreased by 34.4%.
Median Sold Price Compared To Nearby Cities
| Alsace Township | $255K | $299.9K | +17.6% |
| Oley | $360K | $355.5K | -1.2% |
| Oley Township | $360K | $340.7K | -5.3% |
| Earl Township | $375.5K | $353K | -6.0% |
Housing Supply in Oley, PA
How many homes are available in Oley, PA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 5 | 7 | +40.0% |
Summary: The Oley real estate market had 7 homes for sale in April 2024, a 40.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 2 | 1 | -50.0% |
| 4 Bedrooms | 1 | 4 | +300.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Oley housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 50%, 4 bedroom homes increased by 300%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Oley, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Oley in April 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Oley, PA
How long does it take to sell a home in Oley, PA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 2 Days | 3 Days | +75.0% |
Summary: Homes in Oley had an average of 3 days on market in Apr 2024, up by 75% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Oley are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 2 homes were sold in Oley; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
