While home sales in the Green Lane market have been better than usual, in this week's report they dropped 33.3% to two homes sold over the last 30 days. In comparison, nearby Sanatoga had 20 sales in the same time frame, the most of all neighboring cities. Prices are rising in Green Lane, and the median sales price this period increased from $186,600 to $233,300. With only one month of inventory to sell, Green Lane is a definite seller's market, in spite of the dip in sales.
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The population of Green Lane is shrinking slower than the rest of Pennsylvania, at a 10-year growth rate of -4.0%. It's a smaller-than-average city compared to the rest of the state, with 508 residents. With a median age of 61 years, homes in Green Lane tend to be older than most. The best school in the city is Marlborough Elementary School.
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Over the last 30 days, the Green Lane market looked solid with three homes sold, a 200.0% increase from last week's report. Within the same time frame, Sanatoga had 17 sales, the most of all cities in the area. The median sales price jumped to $186,600, up from last week's $127,000. With only one month of inventory and rising sales, Green Lane is a definite seller's market.
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$200K  
The number of homes coming into the Green Lane market shrank to one listing over the last 30 days, while sales remained right where they were as once again two homes were sold over the same period. The median sales price in Green Lane stayed put this week at $164,500. There are only two months of inventory available in Green Lane, so it's a definite seller's market, even if sales are flat.
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$200K  
Sales in the Green Lane market rose to two homes sold over the past 30 days, even though the number of sellers reducing their listing price is still in the midst of a downward trend with zero price reductions in the same time frame. The median sales price dropped to $164,500 over the latest reporting period for Green Lane, down from $202,000. Along with the increase in sales, the fact that there are a lower-than-normal two months of inventory indicates that Green Lane is a definite seller's market.
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$149K  
Over the last 30 days, sales in the Green Lane market remained at their current pace of one homes. However, the amount of pending transactions continued to improve, reaching a total of two during the same period. The median sales price in Green Lane stayed flat at $202,000 while months of inventory was flat at four.
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$149K  
Over the last 30 days, the Green Lane market showed positive signs with one home sold. Within the same time frame, Souderton had nine sales, the most of all cities in the area. With only three months of inventory and rising sales, Green Lane is a seller's market.
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$200K  
Green Lane is a small city in Pennsylvania with a median income of $60,305 per household. Besides being very affluent, its population is much younger than others with a median age of 45 years. The Green Lane market is equally made up of half detached homes and half condos/townhouses,. Topping the list of best schools in the city is Marlborough Elementary School.
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$200K  
The Green Lane market was quiet this week as no sales were reported over the previous 30 days. Green Lane usually averages 0.3 sales per month.
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$200K  
The Green Lane market was quiet this week and reported zero home sales over the last 30 days. Green Lane usually averages 0.3 sales per month.
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