Is New Lebanon, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, New Lebanon was a Buyer's Market.
Key Takeaway
New Lebanon is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in New Lebanon, OH
How much do homes in New Lebanon, OH cost?
Median Sold Price
$171,000
$134/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in New Lebanon have sold for 15.5% more than they did a year ago.
Summary: The median home sold price in New Lebanon was $171,000 in March 2024, up 15.5% from last year, and the median price per square foot was $134.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $80K | $119K | +48.8% |
| 3 Bedrooms | $140K | $165K | +17.9% |
| 4 Bedrooms | $206.9K | $287.5K | +38.9% |
| 5+ Bedrooms | $269.8K | $207K | -23.3% |
Summary: New Lebanon 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 48.8%, 3 bedroom homes increased by 17.9%, 4 bedroom homes increased by 38.9%, and 5+ bedroom homes decreased by 23.3%.
Median Sold Price Compared To Nearby Cities
| New Lebanon | $148K | $171K | +15.5% |
| Perry Township | $250K | $240K | -4.0% |
| Jackson Township | $200K | $184.9K | -7.5% |
Housing Supply in New Lebanon, OH
How many homes are available in New Lebanon, OH?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 19 | 14 | -26.3% |
Summary: The New Lebanon real estate market had 14 homes for sale in March 2024, a 26.3% decrease 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 | 4 | 3 | -25.0% |
| 3 Bedrooms | 12 | 8 | -33.3% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The New Lebanon 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 25%, 3 bedroom homes decreased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 5 | 4 | -20.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in New Lebanon, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 4 homes were sold or pending in New Lebanon in March 2024, down by 20.0% month-over-month. Of the 4 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.
Days on Market for New Lebanon, OH
How long does it take to sell a home in New Lebanon, OH?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 33 Days | 83 Days | +151.5% |
Summary: Homes in New Lebanon had an average of 83 days on market in Mar 2024, up by 151.5% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in New Lebanon has remained consistent over time.
Summary: During March 2024, 4 homes were sold in New Lebanon; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
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