Is Lebanon Township, OH 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, OH
How much do homes in Lebanon Township, OH cost?
Median Sold Price
$355,000
$177/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 $355,000 in March 2024, up 12.7% from last year, and the median price per square foot was $177.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $174K | $265K | +52.3% |
3 Bedrooms | $307.5K | $322K | +4.7% |
4 Bedrooms | $433.1K | $465K | +7.3% |
5+ Bedrooms | $556.9K | $585K | +5.0% |
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 52.3%, 3 bedroom homes increased by 4.7%, 4 bedroom homes increased by 7.3%, and 5+ bedroom homes increased by 5%.
Housing Supply in Lebanon Township, OH
How many homes are available in Lebanon Township, OH?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
51 | 56 | +9.8% |
Summary: The Lebanon Township real estate market had 56 homes for sale in March 2024, a 9.8% 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 | 7 | 6 | -14.3% |
3 Bedrooms | 21 | 24 | +14.3% |
4 Bedrooms | 18 | 18 | 0.0% |
5+ Bedrooms | 5 | 8 | +60.0% |
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 decreased by 14.3%, 3 bedroom homes increased by 14.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 60%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
7 | 16 | +128.6% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 16 homes were sold or pending in Lebanon Township in March 2024, up by 128.6% month-over-month. Of the 16 sold homes, 50% were sold under asking, 31% were sold at asking, and 19% were sold over asking.
Days on Market for Lebanon Township, OH
How long does it take to sell a home in Lebanon Township, OH?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
98 Days | 81 Days | -16.9% |
Summary: Homes in Lebanon Township had an average of 81 days on market in Mar 2024, down by 16.9% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During March 2024, 16 homes were sold in Lebanon Township; 6% of homes were sold within 30 days, 63% of homes were sold within 30 to 90 days, and 31% of homes were sold over 90 days.