Is South Lebanon, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, South Lebanon has remained a Seller's Market.
Housing Prices in South Lebanon, OH
How much do homes in South Lebanon, OH cost?
Median Sold Price
$345,000
$178/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in South Lebanon was $345,000 in April 2024, up 102.9% from last year, and the median price per square foot was $178.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $155.9K | $150K | -3.8% |
3 Bedrooms | $170K | $312.5K | +83.8% |
4 Bedrooms | $450K | $463.5K | +3.0% |
5+ Bedrooms | $460K | $542.5K | +17.9% |
Summary: South Lebanon housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 3.8%, 3 bedroom homes increased by 83.8%, 4 bedroom homes increased by 3%, and 5+ bedroom homes increased by 17.9%.
Median Sold Price Compared To Nearby Cities
South Lebanon | $170K | $345K | +102.9% |
Lebanon | $312.5K | $367.4K | +17.6% |
Union Township | $270K | $310K | +14.8% |
Hamilton Township | $324.9K | $250K | -23.1% |
Housing Supply in South Lebanon, OH
How many homes are available in South Lebanon, OH?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
11 | 9 | -18.2% |
Summary: The South Lebanon real estate market had 9 homes for sale in April 2024, a 18.2% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 1 | -50.0% |
3 Bedrooms | 3 | 3 | 0.0% |
4 Bedrooms | 5 | 4 | -20.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The South Lebanon housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
4 | 4 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 4 homes were sold or pending in South Lebanon in April 2024, the same as the previous month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.
Days on Market for South Lebanon, OH
How long does it take to sell a home in South Lebanon, OH?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
38 Days | 55 Days | +46.1% |
Summary: Homes in South Lebanon had an average of 55 days on market in Apr 2024, up by 46.1% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 4 homes were sold in South 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.