Is Leo, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Leo is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, Leo was a Seller's Market.

Key Takeaway

Leo is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Leo, IN

How much do homes in Leo, IN cost?

Median Sold Price

$183,000

$164/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$220,000(-54.6%)

Key Takeaway

Homes in Leo have sold for 54.6% less than they did a month ago.

Summary: The median home sold price in Leo was $183,000 in November 2024, down 54.6% from last month, and the median price per square foot was $164.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 -$99.1K
N/A
3 $403K$326.4K
-19.0%
4 $652.8K-
N/A
5+ --
N/A

Summary: Leo housing prices by bedroom type for November 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 decreased by 19%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Perry Township
+2.1%
Jackson Township
-1.4%
Cedar Creek Township
-14.4%
Leo-Cedarville
-23.2%
Leo
-54.6%

Housing Supply in Leo, IN

How many homes are available in Leo, IN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
28280.0%

Summary: The Leo real estate market had 28 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 11
0.0%
3 1513
-13.3%
4 88
0.0%
5+ 46
+50.0%

Summary: The Leo housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 13.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
53-40.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Leo, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.

Summary: A total of 3 homes were sold or pending in Leo in November 2024, down by 40.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.

Days on Market for Leo, IN

We’re sorry, we don't have information for this market at the moment

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

Report Updated 17 Days Ago

Newest Listings in Leo, IN

Nearby Markets to Leo, IN

What housing markets are near Leo, IN?