OLNEY AND OAKLANE HOUSING MARKET DATA

There was a decrease in total units sold in August, with 75 sold this month in Olney and Oaklane Real Estate versus 77 last month, a decrease of 3%. This month's total units sold was lower than at this time last year, a decrease of 31% versus August 2024.

Versus last year, the total number of homes available this month is lower by 75 units or 22%. The total number of active inventory this August was 272 compared to 347 in August 2024. This month's total of 272 is lower than the previous month's total supply of available inventory of 296, a decrease of 8%.

Last August, the median sale price for Olney and Oaklane Homes was $197,000. This August, the median sale price was $200,000, an increase of 2% or $3,000 compared to last year. The current median sold price is 7% lower than in July.

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

In August, there was 3.6 months of supply available in Olney and Oaklane, compared to 3.2 in August 2024. That is an increase of 13% 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 151 in August 2024, a decrease of 15%. There were 109 current contracts pending sale this August compared to 105 a year ago. The number of current contracts is 4% higher than last August.

In August, the average sale price in Olney and Oaklane was 98.8% of the average list price, which is similar compared to a year ago.

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





FOCUS ON: OLNEY AND OAKLANE HOUSING MARKET			AUGUST 2025

Zip Code(s): 19150, 19138, 19126, 19141 and 19120
Units Sold 75	Active Inventory 272	Median Sale Price $200,000	Days On Market 25

Down -31% Vs. Year Ago	Down -22% Vs. Year Ago	Up 2% Vs. Year Ago	Down -51% Vs. Year Ago


		Units Sold There was a decrease in total units sold in August, with 75 sold this month in Olney and Oaklane Real Estate versus 77 last month, a decrease of 3%. This month's total units sold was lower than at this time last year, a decrease of 31% versus August 2024.
Active Inventory Versus last year, the total number of homes available this month is lower by 75 units or 22%. The total number of active inventory this August was 272 compared to 347 in August 2024. This month's total of 272 is lower than the previous month's total supply of available inventory of 296, a decrease of 8%.
		Median Sale Price Last August, the median sale price for Olney and Oaklane Homes was $197,000. This August, the median sale price was $200,000, an increase of 2% or $3,000 compared to last year. The current median sold price is 7% lower than in July. 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 109	Sold Vs. List Price 98.8%	Months of Supply 3.6

Down -15% Vs. Year Ago	Up 4% Vs. Year Ago	No Change Vs. Year Ago	Up 13% Vs. Year Ago


		Months of Supply In August, there was 3.6 months of supply available in Olney and Oaklane, compared to 3.2 in August 2024. That is an increase of 13% 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 151 in August 2024, a decrease of 15%. There were 109 current contracts pending sale this August compared to 105 a year ago. The number of current contracts is 4% higher than last August.
		Sale Price to List Price Ratio In August, the average sale price in Olney and Oaklane was 98.8% 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 25, lower than the average last year, which was 51, a decrease of 51%.


	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.