Is New Lebanon, OH a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing New Lebanon is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, New Lebanon has remained a Seller'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

$178,250

$137/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$18,250(+11.4%)

Key Takeaway

Homes in New Lebanon have sold for 11.4% more than they did a year ago.

Summary: The median home sold price in New Lebanon was $178,250 in May 2024, up 11.4% from last year, and the median price per square foot was $137.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 --
N/A
2 $109K$122K
+11.9%
3 $143.2K$174K
+21.5%
4 $214.9K$250.7K
+16.6%
5+ $238.4K$340K
+42.6%

Summary: New Lebanon housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 11.9%, 3 bedroom homes increased by 21.5%, 4 bedroom homes increased by 16.6%, and 5+ bedroom homes increased by 42.6%.

Median Sold Price Compared To Nearby Cities

New Lebanon
+11.4%
Perry Township
+4.2%
Jackson Township
-2.6%

Housing Supply in New Lebanon, OH

How many homes are available in New Lebanon, OH?

Number of Homes For Sale

Apr 2024May 2024CHANGE
169-43.8%

Summary: The New Lebanon real estate market had 9 homes for sale in May 2024, a 43.8% decrease compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 20
-100.0%
3 108
-20.0%
4 30
-100.0%
5+ 11
0.0%

Summary: The New Lebanon housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes decreased by 20%, 4 bedroom homes decreased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
93-66.7%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in New Lebanon, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in New Lebanon in May 2024, down by 66.7% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% 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

May 2023May 2024CHANGE
118 Days48 Days-59.5%

Summary: Homes in New Lebanon had an average of 48 days on market in May 2024, down by 59.5% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in New Lebanon has remained consistent over time.

Summary: During May 2024, 3 homes were sold in New Lebanon; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% 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 18 Days Ago

Newest Listings in New Lebanon, OH

Nearby Markets to New Lebanon, OH

What housing markets are near New Lebanon, OH?