Is Leechburg, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Leechburg has remained a Seller's Market.
Key Takeaway
Leechburg is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Leechburg, PA
How much do homes in Leechburg, PA cost?
Median Sold Price
$150,000
$98/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Leechburg have sold for 7.2% more than they did a year ago.
Summary: The median home sold price in Leechburg was $150,000 in May 2024, up 7.2% from last year, and the median price per square foot was $98.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $72.7K | $93.5K | +28.6% |
| 2 Bedrooms | $110K | $79.8K | -27.5% |
| 3 Bedrooms | $148.5K | $159K | +7.1% |
| 4 Bedrooms | $170K | $233K | +37.1% |
| 5+ Bedrooms | - | $285K | N/A |
Summary: Leechburg housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 28.6%, 2 bedroom homes decreased by 27.5%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 37.1%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Leechburg | $139.9K | $150K | +7.2% |
| Leechburg | $139.9K | $150K | +7.2% |
Housing Supply in Leechburg, PA
How many homes are available in Leechburg, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 22 | 27 | +22.7% |
Summary: The Leechburg real estate market had 27 homes for sale in May 2024, a 22.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 9 | +125.0% |
| 3 Bedrooms | 12 | 11 | -8.3% |
| 4 Bedrooms | 5 | 5 | 0.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Leechburg housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 125%, 3 bedroom homes decreased by 8.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 6 | 5 | -16.7% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Leechburg, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Leechburg in May 2024, down by 16.7% month-over-month. Of the 5 sold homes, 60% were sold under asking, 0% were sold at asking, and 40% were sold over asking.
Days on Market for Leechburg, PA
How long does it take to sell a home in Leechburg, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 39 Days | 44 Days | +14.5% |
Summary: Homes in Leechburg had an average of 44 days on market in May 2024, up by 14.5% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Leechburg are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 5 homes were sold in Leechburg; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
