Is Lebanon, IN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 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
$266,000
$157/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Lebanon was $266,000 in March 2024, up 21.2% from last year, and the median price per square foot was $157.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $273.7K | N/A |
2 Bedrooms | $172K | $184K | +7.0% |
3 Bedrooms | $220K | $250K | +13.6% |
4 Bedrooms | $259K | $325K | +25.5% |
5+ Bedrooms | $369K | $399.5K | +8.3% |
Summary: Lebanon housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 7%, 3 bedroom homes increased by 13.6%, 4 bedroom homes increased by 25.5%, and 5+ bedroom homes increased by 8.3%.
Median Sold Price Compared To Nearby Cities
Lebanon | $219.5K | $266K | +21.2% |
Center Township | $224.4K | $251K | +11.8% |
Worth Township | $327.7K | $325.6K | -0.6% |
Perry Township | $414.9K | $342K | -17.6% |
Housing Supply in Lebanon, IN
How many homes are available in Lebanon, IN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
78 | 83 | +6.4% |
Summary: The Lebanon real estate market had 83 homes for sale in March 2024, a 6.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 8 | 7 | -12.5% |
3 Bedrooms | 42 | 45 | +7.1% |
4 Bedrooms | 21 | 25 | +19.0% |
5+ Bedrooms | 6 | 5 | -16.7% |
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 12.5%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 19%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
19 | 30 | +57.9% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 30 homes were sold or pending in Lebanon in March 2024, up by 57.9% month-over-month. Of the 30 sold homes, 63% were sold under asking, 27% were sold at asking, and 10% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
43 Days | 40 Days | -7.9% |
Summary: Homes in Lebanon had an average of 40 days on market in Mar 2024, down by 7.9% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 30 homes were sold in Lebanon; 53% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.