$3,443 Closing Credit*
$289,900
1,543 SqFt
3 Beds
•2 Full Baths, 1 Partial
ERIKA RUTT-AKENS, Listing Office: Coldwell Banker Realty
Is South 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, South Lebanon Township has remained a Seller's Market.
Key Takeaway
South Lebanon Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in South Lebanon Township, PA
How much do homes in South Lebanon Township, PA cost?
Median Sold Price
$277,500
$173/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$6,250(+2.3%)
Key Takeaway
Homes in South Lebanon Township have sold for 2.3% more than they did a year ago.
Summary: The median home sold price in South Lebanon Township was $277,500 in October 2024, up 2.3% from last year, and the median price per square foot was $173.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $96.5K | - | N/A |
| 2 Bedrooms | $205K | $210K | +2.4% |
| 3 Bedrooms | $270K | $275K | +1.9% |
| 4 Bedrooms | $354.9K | $489.5K | +37.9% |
| 5+ Bedrooms | $600K | - | N/A |
Summary: South Lebanon Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 2.4%, 3 bedroom homes increased by 1.9%, 4 bedroom homes increased by 37.9%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Lebanon | $217.7K | $245K | +12.5% |
| North Lebanon Township | $285K | $300K | +5.3% |
| South Lebanon Township | $271.2K | $277.5K | +2.3% |
| Cornwall | $400K | $395.6K | -1.1% |
Housing Supply in South Lebanon Township, PA
How many homes are available in South Lebanon Township, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 32 | 31 | -3.1% |
Summary: The South Lebanon Township real estate market had 31 homes for sale in October 2024, a 3.1% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 2 | -33.3% |
| 3 Bedrooms | 16 | 14 | -12.5% |
| 4 Bedrooms | 13 | 14 | +7.7% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The South Lebanon Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 12 | 7 | -41.7% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in South 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 South Lebanon Township in October 2024, down by 41.7% month-over-month. Of the 7 sold homes, 43% were sold under asking, 29% were sold at asking, and 29% were sold over asking.
Days on Market for South Lebanon Township, PA
How long does it take to sell a home in South Lebanon Township, PA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 5 Days | 6 Days | +31.0% |
Summary: Homes in South Lebanon Township had an average of 6 days on market in Oct 2024, up by 31% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in South Lebanon Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 7 homes were sold in South Lebanon Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
