Is North Lebanon Township, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, North Lebanon Township has remained a Seller's Market.
Housing Prices in North Lebanon Township, PA
How much do homes in North Lebanon Township, PA cost?
Median Sold Price
$310,000
$187/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in North Lebanon Township was $310,000 in May 2024, up 12.7% from last year, and the median price per square foot was $187.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $86.2K | N/A |
2 Bedrooms | $229K | $338.8K | +48.0% |
3 Bedrooms | $255.4K | $293.5K | +14.9% |
4 Bedrooms | $310K | $355K | +14.5% |
5+ Bedrooms | $304.7K | $315K | +3.4% |
Summary: North Lebanon Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 48%, 3 bedroom homes increased by 14.9%, 4 bedroom homes increased by 14.5%, and 5+ bedroom homes increased by 3.4%.
Median Sold Price Compared To Nearby Cities
Lebanon | $194.9K | $234.6K | +20.3% |
North Lebanon Township | $275K | $310K | +12.7% |
South Lebanon Township | $280K | $288K | +2.9% |
Housing Supply in North Lebanon Township, PA
How many homes are available in North Lebanon Township, PA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
29 | 35 | +20.7% |
Summary: The North Lebanon Township real estate market had 35 homes for sale in May 2024, a 20.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 2 | 0.0% |
3 Bedrooms | 18 | 23 | +27.8% |
4 Bedrooms | 8 | 9 | +12.5% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The North Lebanon Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 27.8%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
5 | 8 | +60.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
4 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in North Lebanon Township in May 2024, up by 60.0% month-over-month. Of the 8 sold homes, 13% were sold under asking, 50% were sold at asking, and 38% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
20 Days | 23 Days | +12.2% |
Summary: Homes in North Lebanon Township had an average of 23 days on market in May 2024, up by 12.2% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 8 homes were sold in North Lebanon Township; 88% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.