Is Lebanon Township, IL 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, IL
How much do homes in Lebanon Township, IL cost?
Median Sold Price
$198,000
$114/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 $198,000 in May 2024, up 16.5% from last year, and the median price per square foot was $114.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $23K | $115K | +400.0% |
2 Bedrooms | $127.5K | $126K | -1.2% |
3 Bedrooms | $152.5K | $240K | +57.4% |
4 Bedrooms | $260.9K | $330K | +26.5% |
5+ Bedrooms | $670K | $425K | -36.6% |
Summary: Lebanon Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 400%, 2 bedroom homes decreased by 1.2%, 3 bedroom homes increased by 57.4%, 4 bedroom homes increased by 26.5%, and 5+ bedroom homes decreased by 36.6%.
Median Sold Price Compared To Nearby Cities
Lebanon Township | $170K | $198K | +16.5% |
Lebanon | $180K | $185K | +2.8% |
Saint Jacob Township | $240.5K | $227.6K | -5.4% |
Sugar Creek Township | $256K | $206.2K | -19.4% |
Housing Supply in Lebanon Township, IL
How many homes are available in Lebanon Township, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
15 | 21 | +40.0% |
Summary: The Lebanon Township real estate market had 21 homes for sale in May 2024, a 40.0% 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 | 5 | 7 | +40.0% |
3 Bedrooms | 8 | 10 | +25.0% |
4 Bedrooms | 2 | 3 | +50.0% |
5+ Bedrooms | 0 | 1 | +100.0% |
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 increased by 40%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
3 | 6 | +100.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Lebanon Township in May 2024, up by 100.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 17% were sold at asking, and 17% were sold over asking.
Days on Market for Lebanon Township, IL
How long does it take to sell a home in Lebanon Township, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
55 Days | 25 Days | -55.0% |
Summary: Homes in Lebanon Township had an average of 25 days on market in May 2024, down by 55% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 6 homes were sold in Lebanon Township; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.