Is Lehman Township, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Lehman Township was a Seller's Market.
Key Takeaway
Lehman Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Lehman Township, PA
How much do homes in Lehman Township, PA cost?
Median Sold Price
$266,000
$127/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Lehman Township have sold for 18.2% more than they did a year ago.
Summary: The median home sold price in Lehman Township was $266,000 in March 2024, up 18.2% from last year, and the median price per square foot was $127.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $145K | N/A |
| 2 Bedrooms | $110K | $115K | +4.5% |
| 3 Bedrooms | $224.9K | $252.5K | +12.3% |
| 4 Bedrooms | $267.5K | $277.5K | +3.7% |
| 5+ Bedrooms | - | $270K | N/A |
Summary: Lehman Township 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 4.5%, 3 bedroom homes increased by 12.3%, 4 bedroom homes increased by 3.7%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Lehman Township | $225K | $266K | +18.2% |
| Middle Smithfield Township | $262.5K | $307.5K | +17.1% |
| Bushkill | $224.9K | $255K | +13.4% |
Housing Supply in Lehman Township, PA
How many homes are available in Lehman Township, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 31 | 37 | +19.4% |
Summary: The Lehman Township real estate market had 37 homes for sale in March 2024, a 19.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 13 | 16 | +23.1% |
| 4 Bedrooms | 12 | 13 | +8.3% |
| 5+ Bedrooms | 5 | 7 | +40.0% |
Summary: The Lehman Township 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 increased by 23.1%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes increased by 40%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 5 | 3 | -40.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Lehman Township, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Lehman Township in March 2024, down by 40.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Lehman Township, PA
How long does it take to sell a home in Lehman Township, PA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 44 Days | 49 Days | +10.9% |
Summary: Homes in Lehman Township had an average of 49 days on market in Mar 2024, up by 10.9% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Lehman Township has remained consistent over time.
Summary: During March 2024, 3 homes were sold in Lehman Township; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
