$3,563 Closing Credit*
$300,000
1,328 SqFt
3 Beds
•2 Full Baths, 2 Partial
Zulaika Abdus-Salaam, Listing Office: Keller Williams Main Line
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 November 2023
At the same time last year, East Oak Lane was a Neutral Market.
Key Takeaway
East Oak Lane is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in East Oak Lane, PA
How much do homes in East Oak Lane, PA cost?
Median Sold Price
$265,000
$166/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$25,000(+10.4%)
Key Takeaway
Homes in East Oak Lane have sold for 10.4% more than they did a year ago.
Summary: The median home sold price in East Oak Lane was $265,000 in November 2024, up 10.4% from last year, and the median price per square foot was $166.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $335K | - | N/A |
| 2 Bedrooms | $129.5K | $178.5K | +37.8% |
| 3 Bedrooms | $230K | $250K | +8.7% |
| 4 Bedrooms | $279K | $325K | +16.5% |
| 5+ Bedrooms | $395K | $399K | +1.0% |
Summary: East Oak Lane housing prices by bedroom type for November 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 8.7%, 4 bedroom homes increased by 16.5%, and 5+ bedroom homes increased by 1%.
Median Sold Price Compared To Nearby Neighborhoods
| Cheltenham | $347.7K | $434.5K | +24.9% |
| Olney / Oak Lane | $182.5K | $202.7K | +11.1% |
| West Oak Lane | $208K | $230K | +10.6% |
| East Oak Lane | $240K | $265K | +10.4% |
| Crescentville | $199.9K | $217K | +8.5% |
Housing Supply in East Oak Lane, PA
How many homes are available in East Oak Lane, PA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 23 | 28 | +21.7% |
Summary: The East Oak Lane real estate market had 28 homes for sale in November 2024, a 21.7% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 2 | +100.0% |
| 3 Bedrooms | 11 | 15 | +36.4% |
| 4 Bedrooms | 3 | 2 | -33.3% |
| 5+ Bedrooms | 8 | 9 | +12.5% |
Summary: The East Oak Lane housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 36.4%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 6 | +50.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in East Oak Lane, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in East Oak Lane in November 2024, up by 50.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 17% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 14 Days | 22 Days | +51.7% |
Summary: Homes in East Oak Lane had an average of 22 days on market in Nov 2024, up by 51.7% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were 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 November 2024, 6 homes were sold in East Oak Lane; 83% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
