Home Prices in Lebanon PA for September 2015
Real estate market data for Lebanon, PA provided by Aimee Schmitt of Century 21 Krall Real Estate
Lebanon County Home Prices
We have seen listing price increases on Lebanon County Association Of Realtors and I don’t expect things to slow down anytime soon. If you are considering buying a home, you can still find deals on properties in Lebanon but having a good real estate agent who understands the market is a must. Don’t wait on the sidelines for too long. Many of our listings are starting to sell within a few days of hitting the market. Listings are not selling exactly for asking price but to make sure you don't overpay for your home, you'll want to have an agent that does a thorough market analysis of the home on which you are making an offer.
If you are interested how much to offer you can find that information by clicking on the link and asking me. High inventory will suggest that homes are sitting on the market for longer. Currently in this area, homes have a median time of 91 days on the market before they sell. This would suggest that buyers are in a great position to make an aggressive offer on a home. Sellers should make sure to price their home near the market value if they expect to get an offer from one of those interested buyers. Low inventory has multiple offers coming in on homes, similar to what we saw back in 2007. I wouldn't expect home prices to run up quite as fast as they did back then as banks have gotten a lot stricter on lending guidelines and are no longer giving a loan to anyone with a pulse. But low inventory is one indicator that prices should continue to rise.
Lebanon County Real Estate Report Summary
The median sold price in September for single family homes in the county is $163,246. The sold prices increased by almost 3.5% from the previous year.
Find Homes for Sale in Lebanon, PA
Visit my business page to obtain a list of homes for sale in Lebanon County or to be notified when Lebanon County homes come on the market.
To find out what you home is worth in the current market email me or call 717-821-8772.