Is North Lebanon Township, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing North Lebanon Township is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, North Lebanon Township has remained a Seller's Market.

Key Takeaway

North Lebanon Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in North Lebanon Township, PA

How much do homes in North Lebanon Township, PA cost?

Median Sold Price

$305,000

$189/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$19,500(+6.8%)

Key Takeaway

Homes in North Lebanon Township have sold for 6.8% more than they did a year ago.

Summary: The median home sold price in North Lebanon Township was $305,000 in November 2024, up 6.8% from last year, and the median price per square foot was $189.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $86.2K$17K
-80.3%
2 $225.5K$285K
+26.4%
3 $279.9K$289.9K
+3.6%
4 $337.5K$389.1K
+15.3%
5+ $299.5K$315K
+5.2%

Summary: North Lebanon Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 80.3%, 2 bedroom homes increased by 26.4%, 3 bedroom homes increased by 3.6%, 4 bedroom homes increased by 15.3%, and 5+ bedroom homes increased by 5.2%.

Median Sold Price Compared To Nearby Cities

Lebanon
+12.1%
North Lebanon Township
+6.8%
South Lebanon Township
+1.2%
Cleona
-0.8%

Housing Supply in North Lebanon Township, PA

How many homes are available in North Lebanon Township, PA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
3841+7.9%

Summary: The North Lebanon Township real estate market had 41 homes for sale in November 2024, a 7.9% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 74
-42.9%
3 2019
-5.0%
4 815
+87.5%
5+ 33
0.0%

Summary: The North 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 42.9%, 3 bedroom homes decreased by 5%, 4 bedroom homes increased by 87.5%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
770.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in North Lebanon Township, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in North Lebanon Township in November 2024, the same as the previous month. Of the 7 sold homes, 43% were sold under asking, 14% were sold at asking, and 43% were sold over asking.

Days on Market for North Lebanon Township, PA

How long does it take to sell a home in North Lebanon Township, PA?

Average Sale Time

Nov 2023Nov 2024CHANGE
16 Days23 Days+38.0%

Summary: Homes in North Lebanon Township had an average of 23 days on market in Nov 2024, up by 38% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in North Lebanon Township are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 7 homes were sold in North Lebanon Township; 71% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

Newest Listings in North Lebanon Township, PA

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