Is Laureldale, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Laureldale has remained a Seller's Market.
Key Takeaway
Laureldale is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Laureldale, PA
How much do homes in Laureldale, PA cost?
Median Sold Price
$215,000
$159/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Laureldale have sold for 14.4% more than they did a year ago.
Summary: The median home sold price in Laureldale was $215,000 in March 2024, up 14.4% from last year, and the median price per square foot was $159.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $94.9K | $120K | +26.4% |
| 2 Bedrooms | $170K | $185K | +8.8% |
| 3 Bedrooms | $185K | $215K | +16.2% |
| 4 Bedrooms | $220K | $235.5K | +7.0% |
| 5+ Bedrooms | $195K | $262.5K | +34.6% |
Summary: Laureldale housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 26.4%, 2 bedroom homes increased by 8.8%, 3 bedroom homes increased by 16.2%, 4 bedroom homes increased by 7%, and 5+ bedroom homes increased by 34.6%.
Median Sold Price Compared To Nearby Cities
| Muhlenberg Township | $230K | $280K | +21.7% |
| Laureldale | $188K | $215K | +14.4% |
| Temple | $229.9K | $245K | +6.6% |
Housing Supply in Laureldale, PA
How many homes are available in Laureldale, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 22 | 20 | -9.1% |
Summary: The Laureldale real estate market had 20 homes for sale in March 2024, a 9.1% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 15 | 13 | -13.3% |
| 4 Bedrooms | 2 | 4 | +100.0% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Laureldale housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes decreased by 13.3%, 4 bedroom homes increased by 100%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 8 | 9 | +12.5% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Laureldale, expect to pay close to the asking price. 55.6% of homes here sold near the asking price last month.
Summary: A total of 9 homes were sold or pending in Laureldale in March 2024, up by 12.5% month-over-month. Of the 9 sold homes, 33% were sold under asking, 56% were sold at asking, and 11% were sold over asking.
Days on Market for Laureldale, PA
How long does it take to sell a home in Laureldale, PA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 53 Days | 17 Days | -67.0% |
Summary: Homes in Laureldale had an average of 17 days on market in Mar 2024, down by 67% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Laureldale are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 9 homes were sold in Laureldale; 89% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
