Is West 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
At the same time last year, West Oak Lane was a Seller's Market.
Housing Prices in West Oak Lane, PA
How much do homes in West Oak Lane, PA cost?
Median Sold Price
$225,000
$153/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in West Oak Lane was $225,000 in April 2024, up 9.8% from last year, and the median price per square foot was $153.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $225K | N/A |
2 Bedrooms | $170K | $168.5K | -0.9% |
3 Bedrooms | $199K | $215.5K | +8.3% |
4 Bedrooms | $275K | $279.9K | +1.8% |
5+ Bedrooms | $290K | $311.9K | +7.6% |
Summary: West 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 decreased by 0.9%, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 1.8%, and 5+ bedroom homes increased by 7.6%.
Median Sold Price Compared To Nearby Neighborhoods
Elkins Park | $340K | $394.5K | +16.0% |
East Oak Lane | $234K | $262K | +12.0% |
West Oak Lane | $205K | $225K | +9.8% |
Cedarbrook | $252.4K | $256.2K | +1.5% |
Olney / Oak Lane | $190.5K | $192.9K | +1.3% |
Housing Supply in West Oak Lane, PA
How many homes are available in West Oak Lane, PA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
98 | 98 | 0.0% |
Summary: The West Oak Lane real estate market had 98 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 3 | 0.0% |
3 Bedrooms | 77 | 75 | -2.6% |
4 Bedrooms | 18 | 19 | +5.6% |
5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The West 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 remained the same, 3 bedroom homes decreased by 2.6%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
17 | 16 | -5.9% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 16 homes were sold or pending in West Oak Lane in April 2024, down by 5.9% month-over-month. Of the 16 sold homes, 50% were sold under asking, 31% were sold at asking, and 19% were sold over asking.
Days on Market for West Oak Lane, PA
How long does it take to sell a home in West Oak Lane, PA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
51 Days | 36 Days | -29.4% |
Summary: Homes in West Oak Lane had an average of 36 days on market in Apr 2024, down by 29.4% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 16 homes were sold in West Oak Lane; 75% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.