Is Lebanon Township, NC 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, Lebanon Township has remained a Seller's Market.
Key Takeaway
Lebanon Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lebanon Township, NC
How much do homes in Lebanon Township, NC cost?
Median Sold Price
$424,000
$212/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Lebanon Township have sold for 6.3% more than they did a year ago.
Summary: The median home sold price in Lebanon Township was $424,000 in April 2024, up 6.3% from last year, and the median price per square foot was $212.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $320K | $350K | +9.4% |
| 3 Bedrooms | $370K | $400K | +8.1% |
| 4 Bedrooms | $497.1K | $507.5K | +2.1% |
| 5+ Bedrooms | $538.5K | $544K | +1.0% |
Summary: Lebanon Township 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 increased by 9.4%, 3 bedroom homes increased by 8.1%, 4 bedroom homes increased by 2.1%, and 5+ bedroom homes increased by 1%.
Median Sold Price Compared To Nearby Cities
| Eno Township | $597.5K | $708K | +18.5% |
| Bahama | $450K | $510K | +13.3% |
| Lebanon Township | $399K | $424K | +6.3% |
| Mangum Township | $500K | $510K | +2.0% |
| Durham Township | $404.4K | $411.2K | +1.7% |
Housing Supply in Lebanon Township, NC
How many homes are available in Lebanon Township, NC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 85 | 77 | -9.4% |
Summary: The Lebanon Township real estate market had 77 homes for sale in April 2024, a 9.4% 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 | 3 | 3 | 0.0% |
| 3 Bedrooms | 53 | 43 | -18.9% |
| 4 Bedrooms | 23 | 25 | +8.7% |
| 5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The Lebanon Township 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 remained the same, 3 bedroom homes decreased by 18.9%, 4 bedroom homes increased by 8.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 26 | 18 | -30.8% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lebanon Township, you could pay more than the asking price. 55.6% of homes here sold above asking price last month.
Summary: A total of 18 homes were sold or pending in Lebanon Township in April 2024, down by 30.8% month-over-month. Of the 18 sold homes, 28% were sold under asking, 17% were sold at asking, and 56% were sold over asking.
Days on Market for Lebanon Township, NC
How long does it take to sell a home in Lebanon Township, NC?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 87 Days | 29 Days | -66.4% |
Summary: Homes in Lebanon Township had an average of 29 days on market in Apr 2024, down by 66.4% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lebanon Township are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 18 homes were sold in Lebanon Township; 67% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
Copyright © 2024 Triangle MLS, Inc. of North Carolina. All rights reserved.