$5,807 Closing Credit*
$489,000
2,129 SqFt
4 Beds
•2 Full Baths, 1 Partial
Colleen Anthony, Listing Office: Howard Hanna Real Estate Services
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 December 2023
Since last year, Mount Lebanon Township has remained a Seller's Market.
Key Takeaway
Mount Lebanon Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Mount Lebanon Township, PA
How much do homes in Mount Lebanon Township, PA cost?
Median Sold Price
$398,000
$233/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$26,000(+7.0%)
Key Takeaway
Homes in Mount Lebanon Township have sold for 7% more than they did a year ago.
Summary: The median home sold price in Mount Lebanon Township was $398,000 in December 2024, up 7% from last year, and the median price per square foot was $233.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $119.2K | $124.9K | +4.7% |
| 2 Bedrooms | $235.5K | $254.9K | +8.3% |
| 3 Bedrooms | $329.2K | $366K | +11.2% |
| 4 Bedrooms | $500K | $550K | +10.0% |
| 5+ Bedrooms | $696.5K | $653.7K | -6.1% |
Summary: Mount Lebanon Township housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.7%, 2 bedroom homes increased by 8.3%, 3 bedroom homes increased by 11.2%, 4 bedroom homes increased by 10%, and 5+ bedroom homes decreased by 6.1%.
Median Sold Price Compared To Nearby Cities
| Castle Shannon | $191.5K | $215K | +12.3% |
| Dormont | $257.5K | $288K | +11.8% |
| Mount Lebanon Township | $372K | $398K | +7.0% |
| Scott Township | $239.4K | $237K | -1.0% |
Housing Supply in Mount Lebanon Township, PA
How many homes are available in Mount Lebanon Township, PA?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 98 | 79 | -19.4% |
Summary: The Mount Lebanon Township real estate market had 79 homes for sale in December 2024, a 19.4% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 8 | 8 | 0.0% |
| 3 Bedrooms | 55 | 44 | -20.0% |
| 4 Bedrooms | 22 | 17 | -22.7% |
| 5+ Bedrooms | 12 | 8 | -33.3% |
Summary: The Mount Lebanon Township housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 20%, 4 bedroom homes decreased by 22.7%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 25 | 21 | -16.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mount Lebanon Township, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Summary: A total of 21 homes were sold or pending in Mount Lebanon Township in December 2024, down by 16.0% month-over-month. Of the 21 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% 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
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 29 Days | 23 Days | -21.7% |
Summary: Homes in Mount Lebanon Township had an average of 23 days on market in Dec 2024, down by 21.7% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Mount Lebanon Township are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 21 homes were sold in Mount Lebanon Township; 76% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
