Is Lebanon, IN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Lebanon has remained a Seller's Market.
Housing Prices in Lebanon, IN
How much do homes in Lebanon, IN cost?
Median Sold Price
$265,000
$159/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Lebanon was $265,000 in April 2024, up 20.5% from last year, and the median price per square foot was $159.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $273.7K | N/A |
2 Bedrooms | $174.7K | $184.5K | +5.6% |
3 Bedrooms | $220K | $251.5K | +14.3% |
4 Bedrooms | $259.5K | $349.9K | +34.9% |
5+ Bedrooms | $369K | $399.1K | +8.2% |
Summary: Lebanon housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 5.6%, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 34.9%, and 5+ bedroom homes increased by 8.2%.
Median Sold Price Compared To Nearby Cities
Lebanon | $220K | $265K | +20.5% |
Center Township | $225K | $254K | +12.9% |
Worth Township | $336.7K | $326.5K | -3.0% |
Housing Supply in Lebanon, IN
How many homes are available in Lebanon, IN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
84 | 94 | +11.9% |
Summary: The Lebanon real estate market had 94 homes for sale in April 2024, a 11.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 9 | 12 | +33.3% |
3 Bedrooms | 46 | 48 | +4.3% |
4 Bedrooms | 24 | 28 | +16.7% |
5+ Bedrooms | 4 | 6 | +50.0% |
Summary: The Lebanon housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 4.3%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
29 | 29 | 0.0% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 29 homes were sold or pending in Lebanon in April 2024, the same as the previous month. Of the 29 sold homes, 52% were sold under asking, 31% were sold at asking, and 17% were sold over asking.
Days on Market for Lebanon, IN
How long does it take to sell a home in Lebanon, IN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
21 Days | 10 Days | -53.0% |
Summary: Homes in Lebanon had an average of 10 days on market in Apr 2024, down by 53% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 29 homes were sold in Lebanon; 72% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.