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 May 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
$383,333
$225/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Mount Lebanon Township have sold for 5% more than they did a year ago.
Summary: The median home sold price in Mount Lebanon Township was $383,333 in May 2024, up 5% from last year, and the median price per square foot was $225.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $118.4K | $129.9K | +9.6% |
| 2 Bedrooms | $238K | $235K | -1.3% |
| 3 Bedrooms | $318.6K | $345.8K | +8.5% |
| 4 Bedrooms | $489.9K | $502K | +2.5% |
| 5+ Bedrooms | $632.5K | $649K | +2.6% |
Summary: Mount Lebanon Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.6%, 2 bedroom homes decreased by 1.3%, 3 bedroom homes increased by 8.5%, 4 bedroom homes increased by 2.5%, and 5+ bedroom homes increased by 2.6%.
Median Sold Price Compared To Nearby Cities
| Scott Township | $209.2K | $242K | +15.7% |
| Dormont | $251.5K | $270.2K | +7.4% |
| Castle Shannon | $185K | $195K | +5.4% |
| Mount Lebanon Township | $365K | $383.3K | +5.0% |
| Baldwin Township | $188K | $190.2K | +1.2% |
Housing Supply in Mount Lebanon Township, PA
How many homes are available in Mount Lebanon Township, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 96 | 108 | +12.5% |
Summary: The Mount Lebanon Township real estate market had 108 homes for sale in May 2024, a 12.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 12 | 13 | +8.3% |
| 3 Bedrooms | 48 | 47 | -2.1% |
| 4 Bedrooms | 28 | 36 | +28.6% |
| 5+ Bedrooms | 7 | 11 | +57.1% |
Summary: The Mount Lebanon Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 8.3%, 3 bedroom homes decreased by 2.1%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes increased by 57.1%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 34 | 29 | -14.7% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mount Lebanon Township, you could pay more than the asking price. 51.7% of homes here sold above asking price last month.
Summary: A total of 29 homes were sold or pending in Mount Lebanon Township in May 2024, down by 14.7% month-over-month. Of the 29 sold homes, 41% were sold under asking, 7% were sold at asking, and 52% 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
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 15 Days | 15 Days | -6.0% |
Summary: Homes in Mount Lebanon Township had an average of 15 days on market in May 2024, down by 6% compared to last year.
Breakdown of Home Sale Times
24 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was 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 May 2024, 29 homes were sold in Mount Lebanon Township; 83% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
