Is Ogontz, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Ogontz was a Seller's Market.
Key Takeaway
Ogontz is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Ogontz, PA
How much do homes in Ogontz, PA cost?
Median Sold Price
$167,500
$137/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Ogontz have sold for 6.9% less than they did a year ago.
Summary: The median home sold price in Ogontz was $167,500 in April 2024, down 6.9% from last year, and the median price per square foot was $137.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $100K | N/A |
| 3 Bedrooms | $169K | $155K | -8.3% |
| 4 Bedrooms | $270K | $240K | -11.1% |
| 5+ Bedrooms | $280K | $290K | +3.6% |
Summary: Ogontz 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 did not change, 3 bedroom homes decreased by 8.3%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes increased by 3.6%.
Median Sold Price Compared To Nearby Neighborhoods
| East Oak Lane | $234K | $262K | +12.0% |
| West Oak Lane | $205K | $225K | +9.8% |
| Olney / Oak Lane | $190.5K | $192.9K | +1.3% |
| Ogontz | $180K | $167.5K | -6.9% |
Housing Supply in Ogontz, PA
How many homes are available in Ogontz, PA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 60 | 63 | +5.0% |
Summary: The Ogontz real estate market had 63 homes for sale in April 2024, a 5.0% 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 | 1 | 3 | +200.0% |
| 3 Bedrooms | 42 | 45 | +7.1% |
| 4 Bedrooms | 14 | 14 | 0.0% |
| 5+ Bedrooms | 3 | 1 | -66.7% |
Summary: The Ogontz 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 increased by 200%, 3 bedroom homes increased by 7.1%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 66.7%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 10 | 7 | -30.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Ogontz, expect to pay close to the asking price. 57.1% of homes here sold near the asking price last month.
Summary: A total of 7 homes were sold or pending in Ogontz in April 2024, down by 30.0% month-over-month. Of the 7 sold homes, 29% were sold under asking, 57% were sold at asking, and 14% were sold over asking.
Days on Market for Ogontz, PA
How long does it take to sell a home in Ogontz, PA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 52 Days | 34 Days | -33.5% |
Summary: Homes in Ogontz had an average of 34 days on market in Apr 2024, down by 33.5% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Ogontz are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 7 homes were sold in Ogontz; 57% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
