Is Lebanon County, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, Lebanon County was a Neutral Market.
Housing Prices in Lebanon County, PA
How much do homes in Lebanon County, PA cost?
Median Sold Price
$259,684
$154/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Lebanon County was $259,684 in February 2024, up 8.2% from last year, and the median price per square foot was $154.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $86.2K | $122.5K | +42.0% |
2 Bedrooms | $180K | $190K | +5.6% |
3 Bedrooms | $230K | $249.9K | +8.7% |
4 Bedrooms | $350K | $359.4K | +2.7% |
5+ Bedrooms | $300K | $390K | +30.0% |
Summary: Lebanon County housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 42%, 2 bedroom homes increased by 5.6%, 3 bedroom homes increased by 8.7%, 4 bedroom homes increased by 2.7%, and 5+ bedroom homes increased by 30%.
Median Sold Price Compared To Nearby Counties
Berks County | $240K | $264.9K | +10.4% |
Lancaster County | $294K | $322.6K | +9.7% |
Lebanon County | $240K | $259.6K | +8.2% |
Dauphin County | $217.4K | $231.4K | +6.4% |
Schuylkill County | $125K | $132.8K | +6.3% |
Housing Supply in Lebanon County, PA
How many homes are available in Lebanon County, PA?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
457 | 476 | +4.2% |
Summary: The Lebanon County real estate market had 476 homes for sale in February 2024, a 4.2% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 4 | +33.3% |
2 Bedrooms | 68 | 74 | +8.8% |
3 Bedrooms | 245 | 256 | +4.5% |
4 Bedrooms | 108 | 107 | -0.9% |
5+ Bedrooms | 33 | 35 | +6.1% |
Summary: The Lebanon County housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 8.8%, 3 bedroom homes increased by 4.5%, 4 bedroom homes decreased by 0.9%, and 5+ bedroom homes increased by 6.1%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
68 | 82 | +20.6% |
Asking Price vs. Sold Price
34 Homes Were Sold
Under Asking
25 Homes Were Sold
At Asking
23 Homes Were Sold
Over Asking
Summary: A total of 82 homes were sold or pending in Lebanon County in February 2024, up by 20.6% month-over-month. Of the 82 sold homes, 41% were sold under asking, 30% were sold at asking, and 28% were sold over asking.
Days on Market for Lebanon County, PA
How long does it take to sell a home in Lebanon County, PA?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
27 Days | 37 Days | +38.2% |
Summary: Homes in Lebanon County had an average of 37 days on market in Feb 2024, up by 38.2% compared to last year.
Breakdown of Home Sale Times
57 Homes Were Sold
Under 30 Days
17 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Summary: During February 2024, 82 homes were sold in Lebanon County; 70% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.