Is Lebanon Township, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Lebanon Township has remained a Seller's Market.
Housing Prices in Lebanon Township, NC
How much do homes in Lebanon Township, NC cost?
Median Sold Price
$425,000
$212/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Lebanon Township was $425,000 in May 2024, up 7.7% from last year, and the median price per square foot was $212.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $320K | $350K | +9.4% |
3 Bedrooms | $365K | $400K | +9.6% |
4 Bedrooms | $478.5K | $499K | +4.3% |
5+ Bedrooms | $530.9K | $544K | +2.5% |
Summary: Lebanon Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 9.4%, 3 bedroom homes increased by 9.6%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes increased by 2.5%.
Median Sold Price Compared To Nearby Cities
Eno Township | $593K | $700K | +18.0% |
Lebanon Township | $394.7K | $425K | +7.7% |
Bahama | $489K | $510K | +4.3% |
Durham Township | $401.6K | $412.1K | +2.6% |
Mangum Township | $505K | $512.5K | +1.5% |
Housing Supply in Lebanon Township, NC
How many homes are available in Lebanon Township, NC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
81 | 96 | +18.5% |
Summary: The Lebanon Township real estate market had 96 homes for sale in May 2024, a 18.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 1 | -66.7% |
3 Bedrooms | 45 | 56 | +24.4% |
4 Bedrooms | 26 | 30 | +15.4% |
5+ Bedrooms | 7 | 9 | +28.6% |
Summary: The Lebanon Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 66.7%, 3 bedroom homes increased by 24.4%, 4 bedroom homes increased by 15.4%, and 5+ bedroom homes increased by 28.6%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
20 | 21 | +5.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Summary: A total of 21 homes were sold or pending in Lebanon Township in May 2024, up by 5.0% month-over-month. Of the 21 sold homes, 19% were sold under asking, 19% were sold at asking, and 62% were sold over asking.
Days on Market for Lebanon Township, NC
How long does it take to sell a home in Lebanon Township, NC?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
46 Days | 7 Days | -84.9% |
Summary: Homes in Lebanon Township had an average of 7 days on market in May 2024, down by 84.9% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 21 homes were sold in Lebanon Township; 95% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.