$3,858 Closing Credit*
$324,900
1,394 SqFt
4 Beds
•3 Full Baths
Sonja S Wayns, Listing Office: Diversified Realty Solutions
Is Olney / 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
Since last year, Olney / Oak Lane has remained a Seller's Market.
Key Takeaway
Olney / Oak Lane is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Olney / Oak Lane, PA
How much do homes in Olney / Oak Lane, PA cost?
Median Sold Price
$202,750
$150/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$20,250(+11.1%)
Key Takeaway
Homes in Olney / Oak Lane have sold for 11.1% more than they did a year ago.
Summary: The median home sold price in Olney / Oak Lane was $202,750 in November 2024, up 11.1% from last year, and the median price per square foot was $150.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $280K | - | N/A |
| 2 Bedrooms | $127K | $140K | +10.2% |
| 3 Bedrooms | $179.9K | $195K | +8.4% |
| 4 Bedrooms | $230K | $245K | +6.5% |
| 5+ Bedrooms | $270K | $300K | +11.1% |
Summary: Olney / 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 10.2%, 3 bedroom homes increased by 8.4%, 4 bedroom homes increased by 6.5%, and 5+ bedroom homes increased by 11.1%.
Median Sold Price Compared To Nearby Neighborhoods
| Ogontz | $155K | $182.5K | +17.7% |
| West Logan | $160K | $188K | +17.5% |
| Olney / Oak Lane | $182.5K | $202.7K | +11.1% |
| East Oak Lane | $240K | $265K | +10.4% |
| Fern Rock | $185K | $188.7K | +2.0% |
Housing Supply in Olney / Oak Lane, PA
How many homes are available in Olney / Oak Lane, PA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 450 | 461 | +2.4% |
Summary: The Olney / Oak Lane real estate market had 461 homes for sale in November 2024, a 2.4% 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 | 22 | 28 | +27.3% |
| 3 Bedrooms | 338 | 336 | -0.6% |
| 4 Bedrooms | 75 | 76 | +1.3% |
| 5+ Bedrooms | 15 | 21 | +40.0% |
Summary: The Olney / 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 27.3%, 3 bedroom homes decreased by 0.6%, 4 bedroom homes increased by 1.3%, and 5+ bedroom homes increased by 40%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 83 | 79 | -4.8% |
Asking Price vs. Sold Price
33 Homes Were Sold
Under Asking
24 Homes Were Sold
At Asking
22 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Olney / Oak Lane, you may be able to get a good deal. 41.8% of homes here sold below asking price last month.
Summary: A total of 79 homes were sold or pending in Olney / Oak Lane in November 2024, down by 4.8% month-over-month. Of the 79 sold homes, 42% were sold under asking, 30% were sold at asking, and 28% were sold over asking.
Days on Market for Olney / Oak Lane, PA
How long does it take to sell a home in Olney / Oak Lane, PA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 36 Days | 33 Days | -9.7% |
Summary: Homes in Olney / Oak Lane had an average of 33 days on market in Nov 2024, down by 9.7% compared to last year.
Breakdown of Home Sale Times
48 Homes Were Sold
Under 30 Days
24 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Olney / Oak Lane are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 79 homes were sold in Olney / Oak Lane; 61% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
