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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lebanon County is a seller's market

Buyer's
Market

Difference Since February 2023

At the same time last year, Lebanon County was a Neutral Market.

Key Takeaway

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

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

+$19,684(+8.2%)

Key Takeaway

Homes in Lebanon County have sold for 8.2% more than they did a year ago.

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

# BEDSFeb 2023Feb 2024CHANGE
1 $86.2K$122.5K
+42.0%
2 $180K$190K
+5.6%
3 $230K$249.9K
+8.7%
4 $350K$359.4K
+2.7%
5+ $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
+10.4%
Lancaster County
+9.7%
Lebanon County
+8.2%
Dauphin County
+6.4%
Schuylkill County
+6.3%

Housing Supply in Lebanon County, PA

How many homes are available in Lebanon County, PA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
457476+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

# BEDSJan 2024Feb 2024CHANGE
1 34
+33.3%
2 6874
+8.8%
3 245256
+4.5%
4 108107
-0.9%
5+ 3335
+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 2024Feb 2024CHANGE
6882+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lebanon County, you may be able to get a good deal. 41.5% of homes here sold below asking price last month.

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 2023Feb 2024CHANGE
27 Days37 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

Breakdown of Home Sale Times

Key Takeaway

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

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.

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

Report Updated 27 Days Ago

Newest Listings in Lebanon County, PA

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