Is Lebanon Township, NC 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, NC
How much do homes in Lebanon Township, NC cost?
Median Sold Price
$415,000
$211/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 $415,000 in March 2024, up 3.8% from last year, and the median price per square foot was $211.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $320K | $350K | +9.4% |
3 Bedrooms | $370K | $388.5K | +5.0% |
4 Bedrooms | $490.5K | $502.4K | +2.4% |
5+ Bedrooms | $590K | $540K | -8.5% |
Summary: Lebanon Township 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 9.4%, 3 bedroom homes increased by 5%, 4 bedroom homes increased by 2.4%, and 5+ bedroom homes decreased by 8.5%.
Median Sold Price Compared To Nearby Cities
Eno Township | $597.5K | $700K | +17.2% |
Bahama | $449.9K | $515K | +14.5% |
Mangum Township | $492K | $520K | +5.7% |
Lebanon Township | $400K | $415K | +3.8% |
Durham Township | $406K | $410.7K | +1.2% |
Housing Supply in Lebanon Township, NC
How many homes are available in Lebanon Township, NC?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
79 | 84 | +6.3% |
Summary: The Lebanon Township real estate market had 84 homes for sale in March 2024, a 6.3% 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 | 3 | 3 | 0.0% |
3 Bedrooms | 44 | 51 | +15.9% |
4 Bedrooms | 24 | 24 | 0.0% |
5+ Bedrooms | 8 | 6 | -25.0% |
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 remained the same, 3 bedroom homes increased by 15.9%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
16 | 24 | +50.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 24 homes were sold or pending in Lebanon Township in March 2024, up by 50.0% month-over-month. Of the 24 sold homes, 38% were sold under asking, 25% were sold at asking, and 38% were sold over asking.
Days on Market for Lebanon Township, NC
How long does it take to sell a home in Lebanon Township, NC?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
77 Days | 61 Days | -20.6% |
Summary: Homes in Lebanon Township had an average of 61 days on market in Mar 2024, down by 20.6% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During March 2024, 24 homes were sold in Lebanon Township; 25% of homes were sold within 30 days, 54% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.