Is Ogontz, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Ogontz has remained a Neutral Market.
Key Takeaway
Ogontz is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Ogontz, PA
How much do homes in Ogontz, PA cost?
Median Sold Price
$176,500
$138/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Ogontz have sold for 1.9% less than they did a year ago.
Summary: The median home sold price in Ogontz was $176,500 in May 2024, down 1.9% from last year, and the median price per square foot was $138.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $109.5K | N/A |
| 3 Bedrooms | $162.5K | $159.4K | -1.9% |
| 4 Bedrooms | $282.5K | $247K | -12.6% |
| 5+ Bedrooms | $280K | $290K | +3.6% |
Summary: Ogontz housing prices by bedroom type for May 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 1.9%, 4 bedroom homes decreased by 12.6%, and 5+ bedroom homes increased by 3.6%.
Median Sold Price Compared To Nearby Neighborhoods
| West Oak Lane | $215K | $225K | +4.7% |
| Olney / Oak Lane | $190K | $194K | +2.1% |
| Ogontz | $180K | $176.5K | -1.9% |
| Fern Rock | $190K | $183.5K | -3.4% |
Housing Supply in Ogontz, PA
How many homes are available in Ogontz, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 65 | 68 | +4.6% |
Summary: The Ogontz real estate market had 68 homes for sale in May 2024, a 4.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 4 | +33.3% |
| 3 Bedrooms | 47 | 47 | 0.0% |
| 4 Bedrooms | 14 | 15 | +7.1% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Ogontz housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes remained the same, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 7 | 11 | +57.1% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ogontz, expect to pay close to the asking price. 54.5% of homes here sold near the asking price last month.
Summary: A total of 11 homes were sold or pending in Ogontz in May 2024, up by 57.1% month-over-month. Of the 11 sold homes, 27% were sold under asking, 55% were sold at asking, and 18% 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
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 39 Days | 26 Days | -33.5% |
Summary: Homes in Ogontz had an average of 26 days on market in May 2024, down by 33.5% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Ogontz are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 11 homes were sold in Ogontz; 73% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
