Is Leola, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Leola was a Seller's Market.
Key Takeaway
Leola is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Leola, PA
How much do homes in Leola, PA cost?
Median Sold Price
$474,000
$223/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Key Takeaway
Homes in Leola have sold for 4.6% more than they did a month ago.
Summary: The median home sold price in Leola was $474,000 in May 2024, up 4.6% from last month, and the median price per square foot was $223.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $408.4K | - | N/A |
| 4 Bedrooms | $497.5K | $474K | -4.7% |
| 5+ Bedrooms | - | - | N/A |
Summary: Leola housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes decreased by 4.7%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Leola | $452.9K | $474K | +4.6% |
| Upper Leacock Township | $497.5K | $474K | -4.7% |
Housing Supply in Leola, PA
How many homes are available in Leola, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 9 | 15 | +66.7% |
Summary: The Leola real estate market had 15 homes for sale in May 2024, a 66.7% 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 5 | 7 | +40.0% |
| 4 Bedrooms | 4 | 8 | +100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Leola 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 remained the same, 3 bedroom homes increased by 40%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 2 | 2 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Leola, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Leola in May 2024, the same as the previous month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Leola, PA
How long does it take to sell a home in Leola, PA?
Average Sale Time
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 73 Days | 8 Days | -89.0% |
Summary: Homes in Leola had an average of 8 days on market in May 2024, down by 89% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Leola are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 2 homes were sold in Leola; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
