The 153 is from either 1924 or 1925. These locomotives have a headlight and a bell, not two headlights. The manual reverse distinguishes it from a 152. I found no exact catalog match, but all components shown above were available for separate sale and were possibly substituted:
1924/25 Outfit #257 contained a 150 locomotive and two unlit 600 Pullman*.
1924 Outfit #255 contained the 153 locomotive, a lit 603 Pullman and lit 604 observation.
1925 Outfit #94 contained the 153 locomotive, two unlit 629 Pullman and one unlit 630 observation.
1925 Outfit #96 contained the 153, two lit 603 Pullman and one lit 604 observation.
*Fairly certain the passenger cars are 600 Pullmans. Someone at some point in the last 95 years put the engine and cars together, most likely by swapping a forward-only 150 for the reversible 153. We can only speculate if it was Lionel, a hobby shop or an individual. Either way, it is a nice set with period correct content.