Is Lebanon, PA 17042 a buyer’s or seller’s market?

The Lebanon housing market right now

In the three months ending August 31, 2026, 38% of homes in Lebanon, PA 17042 sold above their list price, the typical home went under contract in 10 days and there were 2.2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 178 home sales.

Compared with the same period a year earlier, the share selling over asking was about the same (38% then), homes sold more slowly (8 days then) and the median sale price rose 9% to $309,866. Overall, Lebanon is about as competitive as it was a year ago.

Within Lebanon County, homes here sell faster than in 50% of the county’s ZIP codes, and sell less often over asking than in 80%. On our competition score, Lebanon ranks #240 of 601 PA ZIP codes with enough sales (score 78 out of 100).

Nearby, buyers who want less competition could look at Annville 17003 (17% sold over asking) or Palmyra 17078 (33% sold over asking), while Mount Gretna 17064 (75% sold over asking) and Newmanstown 17073 (52% sold over asking) are even more competitive.