Is Lebanon Township, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Lebanon Township was a Buyer's Market.
Housing Prices in Lebanon Township, NJ
How much do homes in Lebanon Township, NJ cost?
Median Sold Price
$610,000
$260/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Lebanon Township was $610,000 in April 2024, up 8% from last year, and the median price per square foot was $260.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $195.5K | $295K | +50.9% |
2 Bedrooms | $293.5K | $345K | +17.5% |
3 Bedrooms | $499K | $482.5K | -3.3% |
4 Bedrooms | $685K | $755K | +10.2% |
5+ Bedrooms | $805K | $990K | +23.0% |
Summary: Lebanon Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 50.9%, 2 bedroom homes increased by 17.5%, 3 bedroom homes decreased by 3.3%, 4 bedroom homes increased by 10.2%, and 5+ bedroom homes increased by 23%.
Median Sold Price Compared To Nearby Cities
Glen Gardner | $280K | $405K | +44.6% |
High Bridge | $310K | $340K | +9.7% |
Lebanon Township | $565K | $610K | +8.0% |
Califon | $645K | $665K | +3.1% |
Housing Supply in Lebanon Township, NJ
How many homes are available in Lebanon Township, NJ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
53 | 71 | +34.0% |
Summary: The Lebanon Township real estate market had 71 homes for sale in April 2024, a 34.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 3 | +200.0% |
2 Bedrooms | 7 | 7 | 0.0% |
3 Bedrooms | 11 | 17 | +54.5% |
4 Bedrooms | 26 | 35 | +34.6% |
5+ Bedrooms | 8 | 9 | +12.5% |
Summary: The Lebanon Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes remained the same, 3 bedroom homes increased by 54.5%, 4 bedroom homes increased by 34.6%, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
8 | 13 | +62.5% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 13 homes were sold or pending in Lebanon Township in April 2024, up by 62.5% month-over-month. Of the 13 sold homes, 46% were sold under asking, 23% were sold at asking, and 31% were sold over asking.
Days on Market for Lebanon Township, NJ
We’re sorry, we don't have information for this market at the moment