$5,569 Closing Credit*
$469,000
1,256 SqFt
3 Beds
•3 Full Baths
Andy Saruon Ly, Listing Office: RE/MAX Affiliates
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 October 2023
At the same time last year, East Oak Lane was a Seller's Market.
Key Takeaway
East Oak Lane is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in East Oak Lane, PA
How much do homes in East Oak Lane, PA cost?
Median Sold Price
$257,500
$168/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$17,500(+7.3%)
Key Takeaway
Homes in East Oak Lane have sold for 7.3% more than they did a year ago.
Summary: The median home sold price in East Oak Lane was $257,500 in October 2024, up 7.3% from last year, and the median price per square foot was $168.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $335K | - | N/A |
| 2 Bedrooms | $129.5K | $178.5K | +37.8% |
| 3 Bedrooms | $225K | $250K | +11.1% |
| 4 Bedrooms | $304.5K | $280K | -8.0% |
| 5+ Bedrooms | $375K | $399K | +6.4% |
Summary: East Oak Lane housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 37.8%, 3 bedroom homes increased by 11.1%, 4 bedroom homes decreased by 8%, and 5+ bedroom homes increased by 6.4%.
Median Sold Price Compared To Nearby Neighborhoods
| Cheltenham | $347.5K | $425K | +22.3% |
| Crescentville | $196.4K | $215K | +9.4% |
| Olney / Oak Lane | $185K | $200K | +8.1% |
| East Oak Lane | $240K | $257.5K | +7.3% |
| West Oak Lane | $215K | $226K | +5.1% |
Housing Supply in East Oak Lane, PA
How many homes are available in East Oak Lane, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 27 | 23 | -14.8% |
Summary: The East Oak Lane real estate market had 23 homes for sale in October 2024, a 14.8% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 12 | 12 | 0.0% |
| 4 Bedrooms | 5 | 4 | -20.0% |
| 5+ Bedrooms | 8 | 6 | -25.0% |
Summary: The East Oak Lane housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 20%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 9 | 3 | -66.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in East Oak Lane, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in East Oak Lane in October 2024, down by 66.7% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 33 Days | 110 Days | +226.7% |
Summary: Homes in East Oak Lane had an average of 110 days on market in Oct 2024, up by 226.7% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in East Oak Lane are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 3 homes were sold in East Oak Lane; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
