Is Green Lane, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Green Lane is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Green Lane has remained a Seller's Market.

Key Takeaway

Green Lane is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Green Lane, PA

How much do homes in Green Lane, PA cost?

Median Sold Price

$487,450

$262/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$78,950(+19.3%)

Key Takeaway

Homes in Green Lane have sold for 19.3% more than they did a month ago.

Summary: The median home sold price in Green Lane was $487,450 in November 2024, up 19.3% from last month, and the median price per square foot was $262.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 -$355K
N/A
3 $408.5K$499K
+22.2%
4 -$599.9K
N/A
5+ --
N/A

Summary: Green Lane housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 22.2%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Upper Frederick Township
+40.7%
Green Lane
+19.3%

Housing Supply in Green Lane, PA

How many homes are available in Green Lane, PA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1014+40.0%

Summary: The Green Lane real estate market had 14 homes for sale in November 2024, a 40.0% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 12
+100.0%
3 58
+60.0%
4 22
0.0%
5+ 22
0.0%

Summary: The Green 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 60%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
24+100.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Green Lane, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Summary: A total of 4 homes were sold or pending in Green Lane in November 2024, up by 100.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% were sold over asking.

Days on Market for Green Lane, PA

How long does it take to sell a home in Green Lane, PA?

Average Sale Time

Oct 2024Nov 2024CHANGE
9 Days11 Days+15.8%

Summary: Homes in Green Lane had an average of 11 days on market in Nov 2024, up by 15.8% compared to last month.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Green Lane are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 4 homes were sold in Green Lane; 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

Newest Listings in Green Lane, PA

Nearby Markets to Green Lane, PA