LEBANON CITY, PENNSYLVANIA · SEPTEMBER 2026

Lebanon, PA Housing Market: City Prices and Local Comparisons

Lebanon City recorded a $217,750 median sold price across 24 home sales in September 2026. The latest completed-month figures below are followed by preserved August and earlier history for context.

Updated October 6, 2026. Current-month figures use the Bright MLS September 2026 Lebanon City report; earlier dated sections retain their original reporting periods and geography.

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What changed inside the city?

More choices and more pending activity: new listings and pending sales both reached 26. Available inventory increased by five homes, while months of supply moved only from 1.1 to 1.2. That combination suggests sellers should watch the actual homes competing with theirs before assuming the increase in inventory gives buyers broad negotiating power.

A higher median with fewer closings: the median rose 16.3%, but completed sales fell from 24 to 19 and sold volume declined 9.4%. This is a change in the midpoint of the homes that sold, not evidence that every city property appreciated 16.3%. Pending and closed counts measure different stages and generally different groups of transactions.

Lebanon City vs. Lebanon County: an $88,000 median gap

The city median was $88,000, or 26.7%, below the county median. The county figure includes the city alongside other municipalities; it is not a separate “suburbs only” group. This comparison uses August monthly figures rather than mixing a single month with a portal’s rolling three-month window.

See the August 2026 Lebanon County report for the county source and full comparison. Its data was prepared September 5; the city report was prepared September 15. Later MLS corrections can affect comparisons between report runs.

What the gap can tell you: geography matters when choosing comparable sales. What it cannot tell you: the value of the same house moved across a municipal boundary, a guaranteed city discount, or how much new construction caused the difference. Those questions require property-level data on size, type, condition, lot and construction age.

Seven municipalities, seven different snapshots

All rows below use August 2026 and matching Bright MLS residential and price filters. They are separate municipalities, not neighborhoods within Lebanon City. Together they do not represent all of Lebanon County.

Competition varies even when places share a Lebanon-area search: North Lebanon reported 3.7 months of supply and North Cornwall 4.4, compared with 1.2 in the city and 1.1 in South Lebanon. A seller should review the relevant price segment and property type before applying any of these market-wide supply figures to a listing.

Watch the sale count: West Lebanon’s $255,000 median comes from one closing; West Cornwall’s $267,000 comes from four. Cornwall Borough’s $542,449 represents ten. Small groups can shift substantially when a few different homes close. Municipal medians cannot be averaged to produce a valid county median.

Lebanon City’s 13-month history

August’s $242,000 median was the highest monthly median in this report’s August 2025–August 2026 window. Across the entire 13-month selection, Bright reports 276 sales and a $200,000 median sold price. That broader median is not a trailing-12-month figure and is not an average of the monthly medians.

How to turn this into a city-home pricing plan

1. Confirm the municipality. A Lebanon mailing address alone does not identify Lebanon City. Start with the property’s recorded location.
2. Choose the right comparison set. Match attached or detached construction, usable living space, condition, parking or garage access, lot and outdoor maintenance needs. Widen the search thoughtfully if recent close matches are scarce.
3. Review today’s alternatives. Completed sales establish evidence, while active and pending homes help show the choices buyers have now. A citywide inventory count does not reveal competition at every price.
4. Evaluate the whole offer. Price, financing, contingencies and the settlement schedule all matter. Plan for the seller’s move as well as the offer deadline.

Use our Lebanon home-value guide and Lebanon seller guide for the next steps, or explore Living in Lebanon for broader local context.

Why this page’s headline figures changed

The earlier September 9 version combined Lebanon City with North, South and West Lebanon townships. Its August snapshot was $279,900 median sold price, 45 closings, 106 available homes and 2.0 months of supply. Those were combined-area figures, not city-only statistics. This update separates the municipalities so readers can choose the relevant geography.

Sources, boundaries and definitions

Municipal source: seven Bright MLS “Monthly Statistics for the Date Range Selected” reports, courtesy of Michael Sechman, Keller Williams Realty, prepared September 15, 2026 at 8:47–8:49 a.m. EST as labeled on the reports. Selection: August 2025 through August 2026; residential; $1,000–$2,000,000. Areas: Lebanon City (13201), North Lebanon Township (13227), South Lebanon Township (13230), West Lebanon Township (13235), Cornwall Borough (13212), North Cornwall Township (13226), West Cornwall Township (13234).

The August tables use completed monthly rows, not the partial September “Current Month” inventory block. EOM means end-of-month inventory; MSI is the report’s months-of-supply measure. DOM means days on market; CDOM means cumulative days on market. Bright labels those columns DOM and CDOM without specifying “median” in these PDFs, so this page retains the source labels. Percentage changes are calculated from the displayed source values and rounded to one decimal place.

County source: Team Sechman’s linked August 2026 county report, based on Bright MLS reports prepared September 5, 2026 for all Lebanon County with the same residential and price filters. The county median is independently reported, not calculated from the seven municipal medians. Bright MLS information is deemed reliable but not guaranteed. Figures describe the selected MLS activity and are not an appraisal or a guarantee of future results.