OLNEY AND OAKLANE HOUSING MARKET DATA

There was an increase in total units sold in June, with 123 sold this month in Olney and Oaklane Real Estate versus 112 last month, an increase of 10%. This month's total units sold was higher than at this time last year, an increase of 16% versus June 2024.

Versus last year, the total number of homes available this month is lower by 66 units or 21%. The total number of active inventory this June was 248 compared to 314 in June 2024. This month's total of 248 is higher than the previous month's total supply of available inventory of 242, an increase of 2%.

Last June, the median sale price for Olney and Oaklane Homes was $200,000. This June, the median sale price was $200,000, which is similar compared to a year ago. The current median sold price is 5% higher than in May.

Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.

In June, there was 2.0 months of supply available in Olney and Oaklane, compared to 3.0 in June 2024. That is a decrease of 32% versus a year ago.

Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.

This month there were 128 homes newly listed for sale in Olney and Oaklane compared to 159 in June 2024, a decrease of 19%. There were 75 current contracts pending sale this June compared to 97 a year ago. The number of current contracts is 23% lower than last June.

In June, the average sale price in Olney and Oaklane was 98.9% of the average list price, which is similar compared to a year ago.

This month, the average number of days on market was 38, lower than the average last year, which was 51, a decrease of 25%.





FOCUS ON: OLNEY AND OAKLANE HOUSING MARKET			JUNE 2025

Zip Code(s): 19150, 19138, 19126, 19141 and 19120
Units Sold 123	Active Inventory 248	Median Sale Price $200,000	Days On Market 38

Up 16% Vs. Year Ago	Down -21% Vs. Year Ago	No Change Vs. Year Ago	Down -25% Vs. Year Ago


		Units Sold There was an increase in total units sold in June, with 123 sold this month in Olney and Oaklane Real Estate versus 112 last month, an increase of 10%. This month's total units sold was higher than at this time last year, an increase of 16% versus June 2024.
Active Inventory Versus last year, the total number of homes available this month is lower by 66 units or 21%. The total number of active inventory this June was 248 compared to 314 in June 2024. This month's total of 248 is higher than the previous month's total supply of available inventory of 242, an increase of 2%.
		Median Sale Price Last June, the median sale price for Olney and Oaklane Homes was $200,000. This June, the median sale price was $200,000, which is similar compared to a year ago. The current median sold price is 5% higher than in May. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 128	Current Contracts 75	Sold Vs. List Price 98.9%	Months of Supply 2.0

Down -19% Vs. Year Ago	Down -23% Vs. Year Ago	No Change Vs. Year Ago	Down -32% Vs. Year Ago


		Months of Supply In June, there was 2.0 months of supply available in Olney and Oaklane, compared to 3.0 in June 2024. That is a decrease of 32% versus a year ago. Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.
New Listings & Current Contracts This month there were 128 homes newly listed for sale in Olney and Oaklane compared to 159 in June 2024, a decrease of 19%. There were 75 current contracts pending sale this June compared to 97 a year ago. The number of current contracts is 23% lower than last June.
		Sale Price to List Price Ratio In June, the average sale price in Olney and Oaklane was 98.9% of the average list price, which is similar compared to a year ago. Days on Market This month, the average number of days on market was 38, lower than the average last year, which was 51, a decrease of 25%.


	Olney and Oaklane are defined as properties listed in zip code/s 19150, 19138, 19126, 19141 and 19120.
	*Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Foster's knowledgeable and experienced sales associates.
	Information included in this report is based on data supplied by BRIGHTMLS and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of BRIGHTMLS or Long & Foster Real Estate, Inc.