Is Lebanon Township, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lebanon Township is a seller's market

Buyer's
Market

Difference Since June 2023

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

Key Takeaway

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

Housing Prices in Lebanon Township, NC

How much do homes in Lebanon Township, NC cost?

Median Sold Price

$424,900

$213/sqft

Based on all homes sold in the last 12 months.

Difference Since June 2023

+$29,900(+7.6%)

Key Takeaway

Homes in Lebanon Township have sold for 7.6% more than they did a year ago.

Summary: The median home sold price in Lebanon Township was $424,900 in June 2024, up 7.6% from last year, and the median price per square foot was $213.

Median Sold Price By Bedroom Count

# BEDSJun 2023Jun 2024CHANGE
1 --
N/A
2 $320K$350K
+9.4%
3 $365K$400.5K
+9.7%
4 $495K$487.5K
-1.5%
5+ $538.5K$532.5K
-1.1%

Summary: Lebanon Township housing prices by bedroom type for June 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 9.7%, 4 bedroom homes decreased by 1.5%, and 5+ bedroom homes decreased by 1.1%.

Median Sold Price Compared To Nearby Cities

Eno Township
+15.5%
Lebanon Township
+7.6%
Bahama
+7.4%
Mangum Township
+6.9%
Durham Township
+3.7%

Housing Supply in Lebanon Township, NC

How many homes are available in Lebanon Township, NC?

Number of Homes For Sale

May 2024Jun 2024CHANGE
9288-4.3%

Summary: The Lebanon Township real estate market had 88 homes for sale in June 2024, a 4.3% decrease compared to May 2024.

Homes For Sale By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 00
0.0%
2 11
0.0%
3 5549
-10.9%
4 2830
+7.1%
5+ 88
0.0%

Summary: The Lebanon Township housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 10.9%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes remained the same.

Number of Homes Sold

May 2024Jun 2024CHANGE
2221-4.5%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

11 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lebanon Township, you could pay more than the asking price. 52.4% of homes here sold above asking price last month.

Summary: A total of 21 homes were sold or pending in Lebanon Township in June 2024, down by 4.5% month-over-month. Of the 21 sold homes, 24% were sold under asking, 24% were sold at asking, and 52% 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

Jun 2023Jun 2024CHANGE
49 Days23 Days-52.7%

Summary: Homes in Lebanon Township had an average of 23 days on market in Jun 2024, down by 52.7% compared to last year.

Breakdown of Home Sale Times

18 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During June 2024, 21 homes were sold in Lebanon Township; 86% of homes were sold within 30 days, 5% of homes were sold within 30 to 90 days, and 10% 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 24 Days Ago

Newest Listings in Lebanon Township, NC

Nearby Markets to Lebanon Township, NC

What housing markets are near Lebanon Township, NC?