$3,562 Closing Credit*
$299,999
1,572 SqFt
4 Beds
•2 Full Baths
Alexander K Reedy, Listing Office: Hostetter Realty LLC
Is Leola, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$357,500
$189/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$2,500(+0.7%)
Key Takeaway
Homes in Leola have sold for 0.7% more than they did a year ago.
Summary: The median home sold price in Leola was $357,500 in November 2024, up 0.7% from last year, and the median price per square foot was $189.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $185K | $291.2K | +57.4% |
| 3 Bedrooms | $336K | $346.5K | +3.1% |
| 4 Bedrooms | $377.7K | $381.5K | +1.0% |
| 5+ Bedrooms | $574.9K | $417.9K | -27.3% |
Summary: Leola housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 57.4%, 3 bedroom homes increased by 3.1%, 4 bedroom homes increased by 1%, and 5+ bedroom homes decreased by 27.3%.
Median Sold Price Compared To Nearby Cities
| Leola | $355K | $357.5K | +0.7% |
| West Earl Township | $350K | $340K | -2.9% |
Housing Supply in Leola, PA
How many homes are available in Leola, PA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 17 | 9 | -47.1% |
Summary: The Leola real estate market had 9 homes for sale in November 2024, a 47.1% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 9 | 5 | -44.4% |
| 4 Bedrooms | 6 | 2 | -66.7% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Leola 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 44.4%, 4 bedroom homes decreased by 66.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 7 | 6 | -14.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Leola, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in Leola in November 2024, down by 14.3% month-over-month. Of the 6 sold homes, 33% were sold under asking, 17% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 8 Days | 11 Days | +29.2% |
Summary: Homes in Leola had an average of 11 days on market in Nov 2024, up by 29.2% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Leola are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 6 homes were sold in Leola; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
