$5,343 Closing Credit*
$449,900
1,750 SqFt
3 Beds
•2 Full Baths
John H Katein IV, Listing Office: Century 21 Veterans-Newtown
Is Lake Ariel, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Lake Ariel has remained a Seller's Market.
Key Takeaway
Lake Ariel is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lake Ariel, PA
How much do homes in Lake Ariel, PA cost?
Median Sold Price
$315,250
$184/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$51,750(+19.6%)
Key Takeaway
Homes in Lake Ariel have sold for 19.6% more than they did a year ago.
Summary: The median home sold price in Lake Ariel was $315,250 in October 2024, up 19.6% from last year, and the median price per square foot was $184.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $141.2K | $302.5K | +114.2% |
| 3 Bedrooms | $263.5K | $315.2K | +19.6% |
| 4 Bedrooms | $302K | $343K | +13.6% |
| 5+ Bedrooms | $227K | $475K | +109.3% |
Summary: Lake Ariel housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 114.2%, 3 bedroom homes increased by 19.6%, 4 bedroom homes increased by 13.6%, and 5+ bedroom homes increased by 109.3%.
Housing Supply in Lake Ariel, PA
How many homes are available in Lake Ariel, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 9 | 10 | +11.1% |
Summary: The Lake Ariel real estate market had 10 homes for sale in October 2024, a 11.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 5 | 7 | +40.0% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Lake Ariel housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes increased by 40%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 3 | +50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lake Ariel, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.
Summary: A total of 3 homes were sold or pending in Lake Ariel in October 2024, up by 50.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 67% were sold at asking, and 0% were sold over asking.
Days on Market for Lake Ariel, PA
How long does it take to sell a home in Lake Ariel, PA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 71 Days | 138 Days | +93.5% |
Summary: Homes in Lake Ariel had an average of 138 days on market in Oct 2024, up by 93.5% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Lake Ariel are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 3 homes were sold in Lake Ariel; 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.
