$8,491 Closing Credit*
$715,000
3,476 SqFt
5 Beds
•4 Full Baths
Debbie Glover, Listing Office: Keller Williams Realty
Is Lebanon County, 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, Lebanon County has remained a Seller's Market.
Key Takeaway
Lebanon County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lebanon County, PA
How much do homes in Lebanon County, PA cost?
Median Sold Price
$272,875
$166/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$13,131(+5.1%)
Key Takeaway
Homes in Lebanon County have sold for 5.1% more than they did a year ago.
Summary: The median home sold price in Lebanon County was $272,875 in November 2024, up 5.1% from last year, and the median price per square foot was $166.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $117.5K | $157.5K | +34.1% |
| 2 Bedrooms | $185K | $220K | +18.9% |
| 3 Bedrooms | $249.2K | $265K | +6.3% |
| 4 Bedrooms | $359.4K | $364.3K | +1.3% |
| 5+ Bedrooms | $399.9K | $330K | -17.5% |
Summary: Lebanon County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 34.1%, 2 bedroom homes increased by 18.9%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 1.3%, and 5+ bedroom homes decreased by 17.5%.
Median Sold Price Compared To Nearby Counties
| Schuylkill County | $130K | $147.6K | +13.5% |
| Dauphin County | $227.8K | $250K | +9.7% |
| Berks County | $260.3K | $275.7K | +5.9% |
| Lancaster County | $316.8K | $335.1K | +5.8% |
| Lebanon County | $259.7K | $272.8K | +5.1% |
Housing Supply in Lebanon County, PA
How many homes are available in Lebanon County, PA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 445 | 428 | -3.8% |
Summary: The Lebanon County real estate market had 428 homes for sale in November 2024, a 3.8% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 72 | 66 | -8.3% |
| 3 Bedrooms | 240 | 220 | -8.3% |
| 4 Bedrooms | 106 | 115 | +8.5% |
| 5+ Bedrooms | 25 | 25 | 0.0% |
Summary: The Lebanon County 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 decreased by 8.3%, 3 bedroom homes decreased by 8.3%, 4 bedroom homes increased by 8.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 118 | 114 | -3.4% |
Asking Price vs. Sold Price
41 Homes Were Sold
Under Asking
31 Homes Were Sold
At Asking
42 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lebanon County, you could pay more than the asking price. 36.8% of homes here sold above asking price last month.
Summary: A total of 114 homes were sold or pending in Lebanon County in November 2024, down by 3.4% month-over-month. Of the 114 sold homes, 36% were sold under asking, 27% were sold at asking, and 37% were sold over asking.
Days on Market for Lebanon County, PA
How long does it take to sell a home in Lebanon County, PA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 15 Days | 23 Days | +53.6% |
Summary: Homes in Lebanon County had an average of 23 days on market in Nov 2024, up by 53.6% compared to last year.
Breakdown of Home Sale Times
89 Homes Were Sold
Under 30 Days
20 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lebanon County are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 114 homes were sold in Lebanon County; 78% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
