Is Leola, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Leola has remained a Seller's Market.
Key Takeaway
Leola is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Leola, PA
How much do homes in Leola, PA cost?
Median Sold Price
$355,000
$187/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Leola have sold for 8.4% more than they did a year ago.
Summary: The median home sold price in Leola was $355,000 in April 2024, up 8.4% from last year, and the median price per square foot was $187.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $185K | $212K | +14.6% |
| 3 Bedrooms | $322.5K | $327.5K | +1.6% |
| 4 Bedrooms | $412.5K | $392K | -5.0% |
| 5+ Bedrooms | $850K | $499.9K | -41.2% |
Summary: Leola housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 14.6%, 3 bedroom homes increased by 1.6%, 4 bedroom homes decreased by 5%, and 5+ bedroom homes decreased by 41.2%.
Median Sold Price Compared To Nearby Cities
| Upper Leacock Township | $310K | $360.4K | +16.3% |
| Leola | $327.5K | $355K | +8.4% |
Housing Supply in Leola, PA
How many homes are available in Leola, PA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 7 | 10 | +42.9% |
Summary: The Leola real estate market had 10 homes for sale in April 2024, a 42.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 0 | -100.0% |
| 3 Bedrooms | 4 | 5 | +25.0% |
| 4 Bedrooms | 2 | 5 | +150.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Leola housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 150%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 4 | 2 | -50.0% |
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 April 2024, down by 50.0% month-over-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 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 64 Days | 73 Days | +12.9% |
Summary: Homes in Leola had an average of 73 days on market in Apr 2024, up by 12.9% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Leola are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 2 homes were sold in Leola; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
