Is South Lebanon Township, 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, South Lebanon Township has remained a Seller's Market.
Housing Prices in South Lebanon Township, PA
How much do homes in South Lebanon Township, PA cost?
Median Sold Price
$277,500
$167/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in South Lebanon Township was $277,500 in April 2024, down 7.5% from last year, and the median price per square foot was $167.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $96.5K | N/A |
2 Bedrooms | $161.5K | $255K | +57.9% |
3 Bedrooms | $275K | $269.9K | -1.8% |
4 Bedrooms | $460K | $405K | -12.0% |
5+ Bedrooms | $447.5K | - | N/A |
Summary: South Lebanon Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 57.9%, 3 bedroom homes decreased by 1.8%, 4 bedroom homes decreased by 12%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Lebanon | $180K | $231.7K | +28.7% |
North Lebanon Township | $270K | $300K | +11.1% |
Cornwall | $370.3K | $370K | -0.1% |
South Lebanon Township | $300K | $277.5K | -7.5% |
Heidelberg Township | $315K | $290K | -7.9% |
Housing Supply in South Lebanon Township, PA
How many homes are available in South Lebanon Township, PA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
27 | 29 | +7.4% |
Summary: The South Lebanon Township real estate market had 29 homes for sale in April 2024, a 7.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 2 | +100.0% |
3 Bedrooms | 19 | 18 | -5.3% |
4 Bedrooms | 7 | 9 | +28.6% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The South Lebanon Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 5.3%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
10 | 8 | -20.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
4 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in South Lebanon Township in April 2024, down by 20.0% month-over-month. Of the 8 sold homes, 13% were sold under asking, 50% were sold at asking, and 38% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
10 Days | 16 Days | +51.4% |
Summary: Homes in South Lebanon Township had an average of 16 days on market in Apr 2024, up by 51.4% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 8 homes were sold in South Lebanon Township; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.