Is Mount Lebanon Township, PA 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, Mount Lebanon Township has remained a Seller's Market.
Key Takeaway
Mount Lebanon Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Mount Lebanon Township, PA
How much do homes in Mount Lebanon Township, PA cost?
Median Sold Price
$377,800
$221/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Mount Lebanon Township have sold for 3.2% more than they did a year ago.
Summary: The median home sold price in Mount Lebanon Township was $377,800 in March 2024, up 3.2% from last year, and the median price per square foot was $221.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $117.9K | $119.9K | +1.6% |
| 2 Bedrooms | $231K | $249.9K | +8.2% |
| 3 Bedrooms | $320K | $332.5K | +3.9% |
| 4 Bedrooms | $485K | $507.5K | +4.6% |
| 5+ Bedrooms | $650.3K | $650K | 0% |
Summary: Mount Lebanon Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.6%, 2 bedroom homes increased by 8.2%, 3 bedroom homes increased by 3.9%, 4 bedroom homes increased by 4.6%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Scott Township | $215K | $238.6K | +11.0% |
| Dormont | $255K | $267.6K | +4.9% |
| Mount Lebanon Township | $366K | $377.8K | +3.2% |
| Castle Shannon | $182K | $185K | +1.6% |
Housing Supply in Mount Lebanon Township, PA
How many homes are available in Mount Lebanon Township, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 75 | 88 | +17.3% |
Summary: The Mount Lebanon Township real estate market had 88 homes for sale in March 2024, a 17.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 10 | 11 | +10.0% |
| 3 Bedrooms | 34 | 43 | +26.5% |
| 4 Bedrooms | 19 | 23 | +21.1% |
| 5+ Bedrooms | 10 | 10 | 0.0% |
Summary: The Mount Lebanon Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 10%, 3 bedroom homes increased by 26.5%, 4 bedroom homes increased by 21.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 13 | 21 | +61.5% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mount Lebanon Township, you may be able to get a good deal. 52.4% of homes here sold below asking price last month.
Summary: A total of 21 homes were sold or pending in Mount Lebanon Township in March 2024, up by 61.5% month-over-month. Of the 21 sold homes, 52% were sold under asking, 10% were sold at asking, and 38% were sold over asking.
Days on Market for Mount Lebanon Township, PA
How long does it take to sell a home in Mount Lebanon Township, PA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 37 Days | 39 Days | +5.7% |
Summary: Homes in Mount Lebanon Township had an average of 39 days on market in Mar 2024, up by 5.7% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Mount Lebanon Township are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 21 homes were sold in Mount Lebanon Township; 67% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
