Is Lebanon Township, MO 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 Township has remained a Seller's Market.
Housing Prices in Lebanon Township, MO
How much do homes in Lebanon Township, MO cost?
Median Sold Price
$227,000
$181/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Lebanon Township was $227,000 in March 2024, up 24.4% from last year, and the median price per square foot was $181.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $85.9K | $91K | +5.9% |
2 Bedrooms | $107K | $115K | +7.5% |
3 Bedrooms | $185K | $210K | +13.5% |
4 Bedrooms | $270K | $320K | +18.5% |
5+ Bedrooms | $350K | $518.5K | +48.1% |
Summary: Lebanon Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.9%, 2 bedroom homes increased by 7.5%, 3 bedroom homes increased by 13.5%, 4 bedroom homes increased by 18.5%, and 5+ bedroom homes increased by 48.1%.
Median Sold Price Compared To Nearby Cities
Spring Hollow Township | $180K | $320K | +77.8% |
Lebanon | $175K | $227K | +29.7% |
Lebanon Township | $182.5K | $227K | +24.4% |
Housing Supply in Lebanon Township, MO
How many homes are available in Lebanon Township, MO?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
146 | 157 | +7.5% |
Summary: The Lebanon Township real estate market had 157 homes for sale in March 2024, a 7.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 21 | 20 | -4.8% |
3 Bedrooms | 82 | 94 | +14.6% |
4 Bedrooms | 30 | 27 | -10.0% |
5+ Bedrooms | 11 | 14 | +27.3% |
Summary: The Lebanon Township 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 4.8%, 3 bedroom homes increased by 14.6%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes increased by 27.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
34 | 27 | -20.6% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 27 homes were sold or pending in Lebanon Township in March 2024, down by 20.6% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Lebanon Township, MO
How long does it take to sell a home in Lebanon Township, MO?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
60 Days | 94 Days | +55.2% |
Summary: Homes in Lebanon Township had an average of 94 days on market in Mar 2024, up by 55.2% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
13 Homes Were Sold
Over 90 Days
Summary: During March 2024, 27 homes were sold in Lebanon Township; 33% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 48% of homes were sold over 90 days.