Mt. Lebanon, a picturesque suburb just six miles southwest of downtown Pittsburgh, continues to be one of the region’s most desirable places to live. Known for its vibrant community, excellent schools, and charming neighborhoods, it's no surprise that the real estate market in Mt. Lebanon remains strong and dynamic. If you’re considering buying or selling a home in this area, understanding the current market conditions is crucial.

Homes on the Market: Steady Supply for Buyers

As of October 2024, there are 42 homes available for sale in Mt. Lebanon. This represents a balanced inventory compared to other nearby suburbs, offering a solid range of options for potential buyers. Whether you’re looking for a cozy bungalow or a spacious family home, you can find various styles and sizes to suit your needs.

Buyers should be aware that demand is still high, even with a steady supply of homes on the market. Many of the properties in this area feature the classic charm Mt. Lebanon is known for, including tree-lined streets, walkable neighborhoods, and proximity to local amenities.

Strong Sales Activity: 85 Homes Sold in the Last 90 Days

In the last three months, 85 homes have sold, demonstrating that Mt. Lebanon continues to be a competitive market. For sellers, this is an encouraging sign, indicating that well-priced homes are moving quickly. If you’re considering listing your home, now could be a great time to take advantage of the active buyer pool.

Homes in Mt. Lebanon tend to hold their value well, thanks to the area’s strong reputation and consistent demand. However, pricing your home appropriately and making sure it’s in top condition will help ensure a quicker sale at a competitive price.

Pending Sales: Contingent and Contract Activity

The pipeline of pending sales shows continued strong demand. Currently, 41 homes are under contingent agreement, meaning buyers are waiting on various factors like inspections or financing before the sale is finalized. Additionally, 15 homes are under contract with contingencies removed, which signals that those transactions are on track to close soon.

This robust contingent and contract activity reflects the ongoing confidence buyers have in Mt. Lebanon’s market. For those looking to buy, it also means competition can be tough, especially for move-in-ready homes in sought-after neighborhoods. Acting quickly and being prepared to navigate contingencies (such as home inspections or appraisals) is key in this environment.

Tips for Buyers in Mt. Lebanon’s Market

Given the current activity levels, here are a few tips to keep in mind if you're in the market to buy a home in Mt. Lebanon:

1. Be Ready to Act Fast: With homes selling quickly and many under contingent agreements, it’s important to be prepared. Have your financing pre-approved, so you can make an offer when the right home comes along.

1. Know Your Must-Haves: Competition means that you may not have the luxury of deliberating over every home. Make sure you know your priorities in advance—whether that’s location, school district, or home features—so you can make a decisive offer when needed.

1. Work with Us: A real estate agent familiar with the Mt. Lebanon market will be invaluable. We can help you navigate the competitive landscape, discuss a game plan that includes pricing, prepare for the market and staging. We will alert you to new listings quickly, and guide you through the negotiation process.

Tips for Sellers in Mt. Lebanon

If you’re considering selling your home, the market conditions are favorable. Here’s how you can make the most of it:

1. Price Competitively: Even in a strong market, buyers are savvy and will avoid overpriced listings. Work with your agent to determine the right price based on comparable sales and the current market demand.

1. Prepare Your Home: Homes that show well tend to sell faster. Take time to declutter, stage your home, and address any minor repairs. This will make your property more attractive and reduce the likelihood of hiccups during inspections.

1. Highlight Mt. Lebanon’s Appeal: From the excellent school district to the walkable town center and local parks, buyers are drawn to Mt. Lebanon for its lifestyle. Make sure your listing emphasizes these features.

What’s Ahead for Mt. Lebanon’s Real Estate Market?

While no one can predict the market with certainty, Mt. Lebanon’s consistent demand suggests that home values will remain strong in the foreseeable future. Rising interest rates may slow some buyer activity, but the area's charm and high-quality living experience continue to attract families, professionals, and retirees alike.

In conclusion, Mt. Lebanon is experiencing a healthy, active real estate market. With 42 homes available, 85 sold recently, and significant pending sales activity, buyers and sellers have opportunities in this vibrant community. If you're ready to move to Mt. Lebanon, now is a great time to explore your options and take advantage of the market.

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If you're thinking of buying or selling in Mt. Lebanon and want to learn more, feel free to reach out to ThePittsburghHomeGuide.com for expert advice and guidance tailored to your needs or call 724-503-0014