Is Lehman Township, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Lehman Township has remained a Seller's Market.
Key Takeaway
Lehman Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lehman Township, PA
How much do homes in Lehman Township, PA cost?
Median Sold Price
$264,500
$129/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Lehman Township have sold for 17.6% more than they did a year ago.
Summary: The median home sold price in Lehman Township was $264,500 in May 2024, up 17.6% from last year, and the median price per square foot was $129.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $156.5K | N/A |
| 2 Bedrooms | $115K | $225K | +95.7% |
| 3 Bedrooms | $225K | $232K | +3.1% |
| 4 Bedrooms | $265K | $311.5K | +17.5% |
| 5+ Bedrooms | - | $355K | N/A |
Summary: Lehman Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 95.7%, 3 bedroom homes increased by 3.1%, 4 bedroom homes increased by 17.5%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Middle Smithfield Township | $249.4K | $310K | +24.3% |
| Lehman Township | $225K | $264.5K | +17.6% |
| Bushkill | $224.9K | $260K | +15.6% |
Housing Supply in Lehman Township, PA
How many homes are available in Lehman Township, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 32 | 25 | -21.9% |
Summary: The Lehman Township real estate market had 25 homes for sale in May 2024, a 21.9% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 18 | 15 | -16.7% |
| 4 Bedrooms | 9 | 8 | -11.1% |
| 5+ Bedrooms | 5 | 2 | -60.0% |
Summary: The Lehman Township housing inventory by bedroom type for May 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 16.7%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes decreased by 60%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 6 | 6 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lehman Township, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in Lehman Township in May 2024, the same as the previous month. Of the 6 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for Lehman Township, PA
How long does it take to sell a home in Lehman Township, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 49 Days | 60 Days | +23.2% |
Summary: Homes in Lehman Township had an average of 60 days on market in May 2024, up by 23.2% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lehman Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 6 homes were sold in Lehman Township; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
