Is East Oak Lane, 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, East Oak Lane has remained a Seller's Market.
Housing Prices in East Oak Lane, PA
How much do homes in East Oak Lane, PA cost?
Median Sold Price
$262,000
$160/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in East Oak Lane was $262,000 in April 2024, up 12% from last year, and the median price per square foot was $160.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $335K | N/A |
2 Bedrooms | $97.5K | $155K | +59.0% |
3 Bedrooms | $215K | $245K | +14.0% |
4 Bedrooms | $350.9K | $279K | -20.5% |
5+ Bedrooms | $337.5K | $395K | +17.0% |
Summary: East Oak Lane 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 59%, 3 bedroom homes increased by 14%, 4 bedroom homes decreased by 20.5%, and 5+ bedroom homes increased by 17%.
Median Sold Price Compared To Nearby Neighborhoods
East Oak Lane | $234K | $262K | +12.0% |
West Oak Lane | $205K | $225K | +9.8% |
Crescentville | $200K | $206K | +3.0% |
Olney / Oak Lane | $190.5K | $192.9K | +1.3% |
Cheltenham | $374.9K | $359K | -4.3% |
Housing Supply in East Oak Lane, PA
How many homes are available in East Oak Lane, PA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
20 | 25 | +25.0% |
Summary: The East Oak Lane real estate market had 25 homes for sale in April 2024, a 25.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 4 | 3 | -25.0% |
3 Bedrooms | 8 | 12 | +50.0% |
4 Bedrooms | 1 | 2 | +100.0% |
5+ Bedrooms | 7 | 8 | +14.3% |
Summary: The East Oak Lane 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 decreased by 25%, 3 bedroom homes increased by 50%, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
1 | 8 | +700.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 8 homes were sold or pending in East Oak Lane in April 2024, up by 700.0% month-over-month. Of the 8 sold homes, 88% were sold under asking, 0% were sold at asking, and 13% were sold over asking.
Days on Market for East Oak Lane, PA
How long does it take to sell a home in East Oak Lane, PA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
34 Days | 88 Days | +156.7% |
Summary: Homes in East Oak Lane had an average of 88 days on market in Apr 2024, up by 156.7% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 8 homes were sold in East Oak Lane; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.