Is Lebanon, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Lebanon was a Seller's Market.
Housing Prices in Lebanon, CT
How much do homes in Lebanon, CT cost?
Median Sold Price
$368,000
$215/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Lebanon was $368,000 in March 2024, up 6.7% from last year, and the median price per square foot was $215.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $75K | $230K | +206.7% |
2 Bedrooms | $240K | $368K | +53.3% |
3 Bedrooms | $335.9K | $350K | +4.2% |
4 Bedrooms | $384K | $442K | +15.1% |
5+ Bedrooms | $413.2K | $412.5K | -0.2% |
Summary: Lebanon housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 206.7%, 2 bedroom homes increased by 53.3%, 3 bedroom homes increased by 4.2%, 4 bedroom homes increased by 15.1%, and 5+ bedroom homes decreased by 0.2%.
Median Sold Price Compared To Nearby Cities
Columbia | $340K | $435K | +27.9% |
Willimantic | $205K | $234K | +14.1% |
Windham | $213.5K | $243K | +13.8% |
Lebanon | $345K | $368K | +6.7% |
Housing Supply in Lebanon, CT
How many homes are available in Lebanon, CT?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
17 | 20 | +17.6% |
Summary: The Lebanon real estate market had 20 homes for sale in March 2024, a 17.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 1 | -50.0% |
3 Bedrooms | 5 | 11 | +120.0% |
4 Bedrooms | 7 | 7 | 0.0% |
5+ Bedrooms | 3 | 1 | -66.7% |
Summary: The Lebanon housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes increased by 120%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 66.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
4 | 1 | -75.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 1 homes were sold or pending in Lebanon in March 2024, down by 75.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Lebanon, CT
We’re sorry, we don't have information for this market at the moment