$5,106 Closing Credit*
$430,000
2,287 SqFt
3 Beds
•3 Full Baths
Cheryl Hohman, Listing Office: Indian Lake Realty
Is Indian Lake, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
At the same time last year, Indian Lake was a Seller's Market.
Key Takeaway
Indian Lake is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Indian Lake, PA
How much do homes in Indian Lake, PA cost?
Median Sold Price
$700,000
$314/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$5,000(+0.7%)
Key Takeaway
Homes in Indian Lake have sold for 0.7% more than they did a year ago.
Summary: The median home sold price in Indian Lake was $700,000 in December 2024, up 0.7% from last year, and the median price per square foot was $314.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $205K | - | N/A |
| 2 Bedrooms | $285.5K | $575K | +101.4% |
| 3 Bedrooms | $380.2K | $537.7K | +41.4% |
| 4 Bedrooms | $1.4M | $607.5K | -56.6% |
| 5+ Bedrooms | $1.1M | $1.5M | +30.8% |
Summary: Indian Lake housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 101.4%, 3 bedroom homes increased by 41.4%, 4 bedroom homes decreased by 56.6%, and 5+ bedroom homes increased by 30.8%.
Median Sold Price Compared To Nearby Cities
| Indian Lake | $695K | $700K | +0.7% |
| Friedens | $285K | $160K | -43.9% |
Housing Supply in Indian Lake, PA
How many homes are available in Indian Lake, PA?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 8 | 7 | -12.5% |
Summary: The Indian Lake real estate market had 7 homes for sale in December 2024, a 12.5% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 3 | 2 | -33.3% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Indian Lake housing inventory by bedroom type for December 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 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 0 | 1 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Indian Lake, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Indian Lake in December 2024, up by 100.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Indian Lake, PA
How long does it take to sell a home in Indian Lake, PA?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 14 Days | 123 Days | +778.6% |
Summary: Homes in Indian Lake had an average of 123 days on market in Dec 2024, up by 778.6% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Most homes in Indian Lake are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During December 2024, 1 homes were sold in Indian Lake; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.
