Is Oreland, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Oreland was a Buyer's Market.
Key Takeaway
Oreland is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Oreland, PA
How much do homes in Oreland, PA cost?
Median Sold Price
$419,900
$237/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Oreland have sold for 1.9% more than they did a year ago.
Summary: The median home sold price in Oreland was $419,900 in March 2024, up 1.9% from last year, and the median price per square foot was $237.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $192K | $350K | +82.3% |
| 3 Bedrooms | $401.2K | $390K | -2.8% |
| 4 Bedrooms | $423.2K | $528K | +24.7% |
| 5+ Bedrooms | $475K | $510K | +7.4% |
Summary: Oreland housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 82.3%, 3 bedroom homes decreased by 2.8%, 4 bedroom homes increased by 24.7%, and 5+ bedroom homes increased by 7.4%.
Median Sold Price Compared To Nearby Neighborhoods
| Glenside | $390.5K | $425K | +8.8% |
| Upper Dublin | $524.5K | $565K | +7.7% |
| Oreland | $412.2K | $419.9K | +1.9% |
Housing Supply in Oreland, PA
How many homes are available in Oreland, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 17 | 17 | 0.0% |
Summary: The Oreland real estate market had 17 homes for sale in March 2024, the same as February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 9 | 10 | +11.1% |
| 4 Bedrooms | 5 | 3 | -40.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Oreland housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 11.1%, 4 bedroom homes decreased by 40%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 3 | 5 | +66.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Oreland, you could pay more than the asking price. 80% of homes here sold above asking price last month.
Summary: A total of 5 homes were sold or pending in Oreland in March 2024, up by 66.7% month-over-month. Of the 5 sold homes, 20% were sold under asking, 0% were sold at asking, and 80% were sold over asking.
Days on Market for Oreland, PA
How long does it take to sell a home in Oreland, PA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 4 Days | 8 Days | +82.2% |
Summary: Homes in Oreland had an average of 8 days on market in Mar 2024, up by 82.2% compared to last year.
Breakdown of Home Sale Times
5 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 Oreland are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 5 homes were sold in Oreland; 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.
