Is Lebanon, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lebanon is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Lebanon has remained a Seller's Market.

Key Takeaway

Lebanon is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Lebanon, IN

How much do homes in Lebanon, IN cost?

Median Sold Price

$263,500

$159/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$16,250(+6.6%)

Key Takeaway

Homes in Lebanon have sold for 6.6% more than they did a year ago.

Summary: The median home sold price in Lebanon was $263,500 in November 2024, up 6.6% from last year, and the median price per square foot was $159.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $325K$222.5K
-31.5%
2 $180K$191.9K
+6.6%
3 $242.5K$254.9K
+5.1%
4 $310K$344.9K
+11.3%
5+ $375K$399.9K
+6.7%

Summary: Lebanon housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 31.5%, 2 bedroom homes increased by 6.6%, 3 bedroom homes increased by 5.1%, 4 bedroom homes increased by 11.3%, and 5+ bedroom homes increased by 6.7%.

Median Sold Price Compared To Nearby Cities

Worth Township
+8.0%
Center Township
+7.0%
Lebanon
+6.6%

Housing Supply in Lebanon, IN

How many homes are available in Lebanon, IN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
8172-11.1%

Summary: The Lebanon real estate market had 72 homes for sale in November 2024, a 11.1% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 129
-25.0%
3 4036
-10.0%
4 2522
-12.0%
5+ 45
+25.0%

Summary: The Lebanon housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 25%, 3 bedroom homes decreased by 10%, 4 bedroom homes decreased by 12%, and 5+ bedroom homes increased by 25%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2225+13.6%

Asking Price vs. Sold Price

14 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lebanon, you may be able to get a good deal. 56% of homes here sold below asking price last month.

Summary: A total of 25 homes were sold or pending in Lebanon in November 2024, up by 13.6% month-over-month. Of the 25 sold homes, 56% were sold under asking, 28% were sold at asking, and 16% 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

Nov 2023Nov 2024CHANGE
25 Days44 Days+77.5%

Summary: Homes in Lebanon had an average of 44 days on market in Nov 2024, up by 77.5% compared to last year.

Breakdown of Home Sale Times

16 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Lebanon are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 25 homes were sold in Lebanon; 64% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

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