Is Leechburg, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Leechburg is a seller's market

Buyer's
Market

Difference Since June 2021

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.

How much do homes in Leechburg, PA cost?

Median Sold Price

$150,000

$121/sqft

Based on all homes sold in the last 12 months.

Difference Since June 2021

+$25,000(+20.0%)

Key Takeaway

Homes in Leechburg have sold for 20% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSJun 2021Jun 2022%
1 $35K-
N/A
2 $94.5K$124K
+31.2%
3 $119.9K$169.2K
+41.1%
4 $210K$150K
-28.6%
5+ $184.2K$45.3K
-75.4%

Median Sold Price Compared To Nearby Cities

Leechburg
+20.0%
Gilpin Township
-10.5%

How many homes are available in Leechburg, PA?

Number of Homes For Sale

May 2022Jun 2022%
3335+6.1%

Homes For Sale By Bedroom Count

# BEDSMay 2022Jun 2022%
1 11
0.0%
2 811
+37.5%
3 2118
-14.3%
4 24
+100.0%
5+ 11
0.0%

Number of Homes Sold

May 2022Jun 2022%
98-11.1%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Leechburg, you could pay more than the asking price. 75% of homes here sold above asking price last month.

Average Sale Time

Jun 2021Jun 2022%
47 Days53 Days+12.0%

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Leechburg are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Leechburg, PA

Leechburg, PA has 35 homes on the market. The inventory of homes for sale in Leechburg, PA between May 2022 and June 2022 increased by 6.1%. Listings spent 53 days on the market in June 2022, and had a median list price of $150,000 during the same period. Between May 2022 and June 2022, listing prices of homes in this real estate market have seen the following changes: 1 bedroom properties prices increased by 0%, prices of 2 bedrooms properties went up by 31.2%, 3 bedrooms properties prices increased by 41.1%, 4 bedrooms properties prices decreased by 28.6%, prices of 5 bedrooms properties went down by 75.4%. Volume of homes for sale changed: volume of 1 bedroom homes stayed the same, volume of 2 bedrooms homes went up by 37.5%, the quantity of 3 bedrooms homes went down by 14.3%, 4 bedrooms homes inventory increased by 100%, number of 5 bedrooms homes remained the same. Over 6 listings were sold over their listed price in June 2022 in Leechburg, PA. In the same period over 1 listings were sold below the listed price and 1 listings were sold for the listed price.

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