Is Lebanon County, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Lebanon County has remained a Seller's Market.
Housing Prices in Lebanon County, PA
How much do homes in Lebanon County, PA cost?
Median Sold Price
$264,960
$157/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Lebanon County was $264,960 in April 2024, up 7.9% from last year, and the median price per square foot was $157.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $100K | $143K | +43.0% |
2 Bedrooms | $179.2K | $205K | +14.4% |
3 Bedrooms | $233.2K | $251.3K | +7.8% |
4 Bedrooms | $358K | $360K | +0.6% |
5+ Bedrooms | $330K | $374.3K | +13.4% |
Summary: Lebanon County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 43%, 2 bedroom homes increased by 14.4%, 3 bedroom homes increased by 7.8%, 4 bedroom homes increased by 0.6%, and 5+ bedroom homes increased by 13.4%.
Median Sold Price Compared To Nearby Counties
Berks County | $240.1K | $265K | +10.4% |
Lancaster County | $299.9K | $325.3K | +8.5% |
Lebanon County | $245.6K | $264.9K | +7.9% |
Dauphin County | $220.3K | $233.9K | +6.2% |
Schuylkill County | $134.9K | $134.8K | -0.1% |
Housing Supply in Lebanon County, PA
How many homes are available in Lebanon County, PA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
356 | 385 | +8.1% |
Summary: The Lebanon County real estate market had 385 homes for sale in April 2024, a 8.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 3 | +50.0% |
2 Bedrooms | 51 | 55 | +7.8% |
3 Bedrooms | 202 | 201 | -0.5% |
4 Bedrooms | 83 | 105 | +26.5% |
5+ Bedrooms | 18 | 21 | +16.7% |
Summary: The Lebanon County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 7.8%, 3 bedroom homes decreased by 0.5%, 4 bedroom homes increased by 26.5%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
85 | 92 | +8.2% |
Asking Price vs. Sold Price
26 Homes Were Sold
Under Asking
31 Homes Were Sold
At Asking
35 Homes Were Sold
Over Asking
Summary: A total of 92 homes were sold or pending in Lebanon County in April 2024, up by 8.2% month-over-month. Of the 92 sold homes, 28% were sold under asking, 34% were sold at asking, and 38% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
16 Days | 25 Days | +53.8% |
Summary: Homes in Lebanon County had an average of 25 days on market in Apr 2024, up by 53.8% compared to last year.
Breakdown of Home Sale Times
72 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During April 2024, 92 homes were sold in Lebanon County; 78% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.