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 May 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
$288,000
$167/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in South Lebanon Township was $288,000 in May 2024, up 2.9% from last year, and the median price per square foot was $167.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $96.5K | N/A |
2 Bedrooms | $161.5K | $259.5K | +60.7% |
3 Bedrooms | $271.5K | $270K | -0.6% |
4 Bedrooms | $455K | $411K | -9.7% |
5+ Bedrooms | $600K | - | N/A |
Summary: South Lebanon Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 60.7%, 3 bedroom homes decreased by 0.6%, 4 bedroom homes decreased by 9.7%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Lebanon | $194.9K | $234.6K | +20.3% |
Cornwall | $361.5K | $416.5K | +15.2% |
North Lebanon Township | $275K | $310K | +12.7% |
South Lebanon Township | $280K | $288K | +2.9% |
Housing Supply in South Lebanon Township, PA
How many homes are available in South Lebanon Township, PA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
29 | 28 | -3.4% |
Summary: The South Lebanon Township real estate market had 28 homes for sale in May 2024, a 3.4% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 4 | +100.0% |
3 Bedrooms | 18 | 17 | -5.6% |
4 Bedrooms | 9 | 7 | -22.2% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The South 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 100%, 3 bedroom homes decreased by 5.6%, 4 bedroom homes decreased by 22.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
8 | 6 | -25.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in South Lebanon Township in May 2024, down by 25.0% month-over-month. Of the 6 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
24 Days | 9 Days | -59.8% |
Summary: Homes in South Lebanon Township had an average of 9 days on market in May 2024, down by 59.8% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 6 homes were sold in South Lebanon Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.