$3,444 Closing Credit*
$290,000
1,554 SqFt
3 Beds
•2 Full Baths, 1 Partial
Yvonne Kuhn, Listing Office: Coldwell Banker Realty
Is Lebanon Township, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$245,000
$154/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$15,787(+6.9%)
Key Takeaway
Homes in Lebanon Township have sold for 6.9% more than they did a year ago.
Summary: The median home sold price in Lebanon Township was $245,000 in October 2024, up 6.9% from last year, and the median price per square foot was $154.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $116K | $145K | +25.0% |
| 2 Bedrooms | $164.7K | $210K | +27.5% |
| 3 Bedrooms | $220K | $238K | +8.2% |
| 4 Bedrooms | $323K | $322.5K | -0.2% |
| 5+ Bedrooms | $469K | $305K | -35.0% |
Summary: Lebanon Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 27.5%, 3 bedroom homes increased by 8.2%, 4 bedroom homes decreased by 0.2%, and 5+ bedroom homes decreased by 35%.
Housing Supply in Lebanon Township, PA
How many homes are available in Lebanon Township, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 253 | 227 | -10.3% |
Summary: The Lebanon Township real estate market had 227 homes for sale in October 2024, a 10.3% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 52 | 40 | -23.1% |
| 3 Bedrooms | 127 | 118 | -7.1% |
| 4 Bedrooms | 62 | 55 | -11.3% |
| 5+ Bedrooms | 10 | 13 | +30.0% |
Summary: The Lebanon Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 23.1%, 3 bedroom homes decreased by 7.1%, 4 bedroom homes decreased by 11.3%, and 5+ bedroom homes increased by 30%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 85 | 55 | -35.3% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
25 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lebanon Township, expect to pay close to the asking price. 45.5% of homes here sold near the asking price last month.
Summary: A total of 55 homes were sold or pending in Lebanon Township in October 2024, down by 35.3% month-over-month. Of the 55 sold homes, 31% were sold under asking, 45% were sold at asking, and 24% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 13 Days | 22 Days | +60.8% |
Summary: Homes in Lebanon Township had an average of 22 days on market in Oct 2024, up by 60.8% compared to last year.
Breakdown of Home Sale Times
41 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
2 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 October 2024, 55 homes were sold in Lebanon Township; 75% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
