$2,708 Closing Credit*
$228,000
1,736 SqFt
4 Beds
•1 Full Bath, 1 Partial
Christopher R Martin, Listing Office: Iron Valley Real Estate
Is Lebanon Township, 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 Township has remained a Seller's Market.
Key Takeaway
Lebanon Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lebanon Township, PA
How much do homes in Lebanon Township, PA cost?
Median Sold Price
$247,316
$156/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$19,316(+8.5%)
Key Takeaway
Homes in Lebanon Township have sold for 8.5% more than they did a year ago.
Summary: The median home sold price in Lebanon Township was $247,316 in November 2024, up 8.5% from last year, and the median price per square foot was $156.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $116K | $145K | +25.0% |
| 2 Bedrooms | $170.9K | $217K | +26.9% |
| 3 Bedrooms | $224.5K | $237K | +5.6% |
| 4 Bedrooms | $315.2K | $355K | +12.6% |
| 5+ Bedrooms | $469K | $285K | -39.2% |
Summary: Lebanon Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 26.9%, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 12.6%, and 5+ bedroom homes decreased by 39.2%.
Housing Supply in Lebanon Township, PA
How many homes are available in Lebanon Township, PA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 229 | 224 | -2.2% |
Summary: The Lebanon Township real estate market had 224 homes for sale in November 2024, a 2.2% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 40 | 36 | -10.0% |
| 3 Bedrooms | 120 | 110 | -8.3% |
| 4 Bedrooms | 57 | 64 | +12.3% |
| 5+ Bedrooms | 11 | 13 | +18.2% |
Summary: The Lebanon Township 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 10%, 3 bedroom homes decreased by 8.3%, 4 bedroom homes increased by 12.3%, and 5+ bedroom homes increased by 18.2%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 60 | 53 | -11.7% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
15 Homes Were Sold
At Asking
19 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lebanon Township, you may be able to get a good deal. 35.8% of homes here sold below asking price last month.
Summary: A total of 53 homes were sold or pending in Lebanon Township in November 2024, down by 11.7% month-over-month. Of the 53 sold homes, 36% were sold under asking, 28% were sold at asking, and 36% were sold over asking.
Days on Market for Lebanon Township, PA
How long does it take to sell a home in Lebanon Township, PA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 12 Days | 28 Days | +125.1% |
Summary: Homes in Lebanon Township had an average of 28 days on market in Nov 2024, up by 125.1% compared to last year.
Breakdown of Home Sale Times
41 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lebanon Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 53 homes were sold in Lebanon Township; 77% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
