Is Rising Sun-Lebanon, DE a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Rising Sun-Lebanon has remained a Buyer's Market.
Housing Prices in Rising Sun-Lebanon, DE
How much do homes in Rising Sun-Lebanon, DE cost?
Median Sold Price
$415,000
$182/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since March 2023.
Summary: The median home sold price in Rising Sun-Lebanon was $415,000 in March 2024, the same as last year, and the median price per square foot was $182.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $183K | $235K | +28.4% |
3 Bedrooms | $292K | $334.9K | +14.7% |
4 Bedrooms | $430K | $435K | +1.2% |
5+ Bedrooms | $461K | $519.9K | +12.8% |
Summary: Rising Sun-Lebanon housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 28.4%, 3 bedroom homes increased by 14.7%, 4 bedroom homes increased by 1.2%, and 5+ bedroom homes increased by 12.8%.
Housing Supply in Rising Sun-Lebanon, DE
How many homes are available in Rising Sun-Lebanon, DE?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
17 | 18 | +5.9% |
Summary: The Rising Sun-Lebanon real estate market had 18 homes for sale in March 2024, a 5.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 2 | 0.0% |
3 Bedrooms | 2 | 2 | 0.0% |
4 Bedrooms | 12 | 13 | +8.3% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Rising Sun-Lebanon housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
0 | 2 | +100.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Rising Sun-Lebanon in March 2024, up by 100.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for Rising Sun-Lebanon, DE
How long does it take to sell a home in Rising Sun-Lebanon, DE?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
6 Days | 60 Days | +908.3% |
Summary: Homes in Rising Sun-Lebanon had an average of 60 days on market in Mar 2024, up by 908.3% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 2 homes were sold in Rising Sun-Lebanon; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.