Is North 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
At the same time last year, North Lebanon Township was a Buyer's Market.
Key Takeaway
North Lebanon Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in North Lebanon Township, PA
How much do homes in North Lebanon Township, PA cost?
Median Sold Price
$292,000
$185/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in North Lebanon Township have sold for 6.2% more than they did a year ago.
Summary: The median home sold price in North Lebanon Township was $292,000 in March 2024, up 6.2% from last year, and the median price per square foot was $185.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $86.2K | N/A |
| 2 Bedrooms | $228.5K | $230K | +0.7% |
| 3 Bedrooms | $250K | $280.5K | +12.2% |
| 4 Bedrooms | $287.5K | $335K | +16.5% |
| 5+ Bedrooms | $304.7K | - | N/A |
Summary: North Lebanon 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 0.7%, 3 bedroom homes increased by 12.2%, 4 bedroom homes increased by 16.5%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Lebanon | $158K | $232.9K | +47.4% |
| North Lebanon Township | $275K | $292K | +6.2% |
| South Lebanon Township | $302K | $270K | -10.6% |
Housing Supply in North Lebanon Township, PA
How many homes are available in North Lebanon Township, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 33 | 32 | -3.0% |
Summary: The North Lebanon Township real estate market had 32 homes for sale in March 2024, a 3.0% decrease 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 | 2 | 0 | -100.0% |
| 3 Bedrooms | 17 | 15 | -11.8% |
| 4 Bedrooms | 13 | 15 | +15.4% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The North Lebanon 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 decreased by 100%, 3 bedroom homes decreased by 11.8%, 4 bedroom homes increased by 15.4%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 7 | 6 | -14.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in North Lebanon 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 6 homes were sold or pending in North Lebanon Township in March 2024, down by 14.3% month-over-month. Of the 6 sold homes, 67% were sold under asking, 17% were sold at asking, and 17% were sold over asking.
Days on Market for North Lebanon Township, PA
How long does it take to sell a home in North Lebanon Township, PA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 17 Days | 17 Days | +1.0% |
Summary: Homes in North Lebanon Township had an average of 17 days on market in Mar 2024, up by 1% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in North Lebanon Township are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 6 homes were sold in North Lebanon Township; 83% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
