In this post, you will find statistics on the Lebanon County PA real estate market! Questions? Call Jennifer King @ 717-723-9080!
RESIDENTIAL Real Estate Market Statistics – Lebanon county, PA
The info. below is a look at the Lebanon County real estate market for January, 2019.
Although inventory is still tight, there were still 67 homes sold/settled this month. Additionally, there were 114 homes listed this month. The median list price was $163,700 and the median sold/settled price was $169,900. This represents 6.2 months of inventory. Keep in mind that 6 months of inventory is considered a ‘balanced’ seller/buyer market, so we are in a balanced market in Lebanon County. The average days on market for the sold properties was 67 days.
JANUARY 2019 Market Statistics Summary & Chart:
New listings = 114
Median list price = $163,700
Sold / (settled) homes = 67
Median sold / (settled) home price = $169,900
Average days on market = 62
Total months of inventory available at the end of month = 617
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Multi-Family Real Estate Market Report – Lebanon County, PA
In January 2019, there were 7 multi-family properties newly listed in Lebanon County, PA. There were 8.3 months of inventory available for purchase, with a median list price of $94,900. (Remember – 6 months is considered a balanced seller/buyer market). There were 3 multi-family properties sold/settled this month, with another 4 properties moving from active listing to ‘pending sale’ status. The median sold price was $125,000 and an average sold price of $130,833.
January 2019 Market Statistics Summary & Chart:
New listings this month = 7
Median list price this month = $94,900
Sold / (settled) multi-family properties this month = 3
Median sold / (settled) home price this month = $125,000
Average sold / (settled) home price this month = $130,833
Average days on market this month = 561
Total months of inventory available at the end of this month = 8.3
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