Is Mount Lebanon Township, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Mount Lebanon Township has remained a Seller's Market.
Housing Prices in Mount Lebanon Township, PA
How much do homes in Mount Lebanon Township, PA cost?
Median Sold Price
$389,966
$224/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Mount Lebanon Township was $389,966 in April 2024, up 6.8% from last year, and the median price per square foot was $224.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $117.9K | $124.9K | +5.8% |
2 Bedrooms | $240K | $230K | -4.2% |
3 Bedrooms | $315K | $346.6K | +10.0% |
4 Bedrooms | $491.5K | $500K | +1.7% |
5+ Bedrooms | $650.3K | $650K | 0% |
Summary: Mount Lebanon Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.8%, 2 bedroom homes decreased by 4.2%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 1.7%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Scott Township | $209.2K | $236K | +12.8% |
Mount Lebanon Township | $365K | $389.9K | +6.8% |
Dormont | $253.5K | $270.4K | +6.7% |
Castle Shannon | $183K | $188.7K | +3.2% |
Housing Supply in Mount Lebanon Township, PA
How many homes are available in Mount Lebanon Township, PA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
85 | 99 | +16.5% |
Summary: The Mount Lebanon Township real estate market had 99 homes for sale in April 2024, a 16.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 11 | 12 | +9.1% |
3 Bedrooms | 41 | 50 | +22.0% |
4 Bedrooms | 22 | 28 | +27.3% |
5+ Bedrooms | 10 | 8 | -20.0% |
Summary: The Mount Lebanon Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 9.1%, 3 bedroom homes increased by 22%, 4 bedroom homes increased by 27.3%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
22 | 34 | +54.5% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
19 Homes Were Sold
Over Asking
Summary: A total of 34 homes were sold or pending in Mount Lebanon Township in April 2024, up by 54.5% month-over-month. Of the 34 sold homes, 29% were sold under asking, 15% were sold at asking, and 56% were sold over asking.
Days on Market for Mount Lebanon Township, PA
How long does it take to sell a home in Mount Lebanon Township, PA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
19 Days | 30 Days | +57.6% |
Summary: Homes in Mount Lebanon Township had an average of 30 days on market in Apr 2024, up by 57.6% compared to last year.
Breakdown of Home Sale Times
23 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 34 homes were sold in Mount Lebanon Township; 68% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.