$3,858 Closing Credit*
$324,900
1,394 SqFt
4 Beds
•3 Full Baths
Sonja S Wayns, Listing Office: Diversified Realty Solutions
Is West 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, West Oak Lane has remained a Seller's Market.
Key Takeaway
West Oak Lane is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in West Oak Lane, PA
How much do homes in West Oak Lane, PA cost?
Median Sold Price
$230,000
$160/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$22,000(+10.6%)
Key Takeaway
Homes in West Oak Lane have sold for 10.6% more than they did a year ago.
Summary: The median home sold price in West Oak Lane was $230,000 in November 2024, up 10.6% from last year, and the median price per square foot was $160.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $225K | - | N/A |
| 2 Bedrooms | $169.2K | $136.6K | -19.3% |
| 3 Bedrooms | $195K | $215K | +10.3% |
| 4 Bedrooms | $275.2K | $267K | -3.0% |
| 5+ Bedrooms | $284.9K | $309.9K | +8.8% |
Summary: West 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 decreased by 19.3%, 3 bedroom homes increased by 10.3%, 4 bedroom homes decreased by 3%, and 5+ bedroom homes increased by 8.8%.
Median Sold Price Compared To Nearby Neighborhoods
| Olney / Oak Lane | $182.5K | $202.7K | +11.1% |
| West Oak Lane | $208K | $230K | +10.6% |
| East Oak Lane | $240K | $265K | +10.4% |
| Elkins Park | $360K | $395.5K | +9.9% |
| Cedarbrook | $250K | $265K | +6.0% |
Housing Supply in West Oak Lane, PA
How many homes are available in West Oak Lane, PA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 85 | 76 | -10.6% |
Summary: The West Oak Lane real estate market had 76 homes for sale in November 2024, a 10.6% decrease 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 | 4 | 3 | -25.0% |
| 3 Bedrooms | 59 | 51 | -13.6% |
| 4 Bedrooms | 21 | 20 | -4.8% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The West 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 decreased by 25%, 3 bedroom homes decreased by 13.6%, 4 bedroom homes decreased by 4.8%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 16 | 13 | -18.8% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in West Oak Lane, expect to pay close to the asking price. 38.5% of homes here sold near the asking price last month.
Summary: A total of 13 homes were sold or pending in West Oak Lane in November 2024, down by 18.8% month-over-month. Of the 13 sold homes, 31% were sold under asking, 38% were sold at asking, and 31% were sold over asking.
Days on Market for West Oak Lane, PA
How long does it take to sell a home in West Oak Lane, PA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 52 Days | 52 Days | -0.2% |
Summary: Homes in West Oak Lane had an average of 52 days on market in Nov 2024, down by 0.2% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in West Oak Lane are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 13 homes were sold in West Oak Lane; 46% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.
