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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing South Lebanon Township is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, South Lebanon Township has remained a Seller's Market.

Key Takeaway

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

Housing Prices in South Lebanon Township, PA

How much do homes in South Lebanon Township, PA cost?

Median Sold Price

$339,900

$180/sqft

Based on all homes sold in September 2024.

Difference Since Last Month

+$84,900(+33.3%)

Key Takeaway

Homes in South Lebanon Township have sold for 33.3% more than they did a month ago.

Summary: The median home sold price in South Lebanon Township was $339,900 in September 2024, up 33.3% from last month, and the median price per square foot was $180.

Median Sold Price By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 --
N/A
2 $177.5K$230K
+29.6%
3 $260K$335K
+28.8%
4 $300K$442.5K
+47.5%
5+ --
N/A

Summary: South Lebanon Township housing prices by bedroom type for September 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 29.6%, 3 bedroom homes increased by 28.8%, 4 bedroom homes increased by 47.5%, and 5+ bedroom homes did not change.

Housing Supply in South Lebanon Township, PA

How many homes are available in South Lebanon Township, PA?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
3330-9.1%

Summary: The South Lebanon Township real estate market had 30 homes for sale in September 2024, a 9.1% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 52
-60.0%
3 1516
+6.7%
4 1312
-7.7%
5+ 00
0.0%

Summary: The South Lebanon Township housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 60%, 3 bedroom homes increased by 6.7%, 4 bedroom homes decreased by 7.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
911+22.2%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in South Lebanon Township, expect to pay close to the asking price. 45.5% of homes here sold near the asking price last month.

Summary: A total of 11 homes were sold or pending in South Lebanon Township in September 2024, up by 22.2% month-over-month. Of the 11 sold homes, 27% were sold under asking, 45% were sold at asking, and 27% were sold over asking.

Days on Market for South Lebanon Township, PA

How long does it take to sell a home in South Lebanon Township, PA?

Average Sale Time

Aug 2024Sep 2024CHANGE
21 Days58 Days+169.0%

Summary: Homes in South Lebanon Township had an average of 58 days on market in Sep 2024, up by 169% compared to last month.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During September 2024, 11 homes were sold in South Lebanon Township; 73% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 18% 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 30 Days Ago

Newest Listings in South Lebanon Township, PA

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