Is New 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, 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
$180,000
$134/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in New Lebanon have sold for 16.1% more than they did a year ago.
Summary: The median home sold price in New Lebanon was $180,000 in April 2024, up 16.1% from last year, and the median price per square foot was $134.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $80K | $119K | +48.8% |
| 3 Bedrooms | $141K | $173K | +22.7% |
| 4 Bedrooms | $210.9K | $263.3K | +24.8% |
| 5+ Bedrooms | $269.8K | $207K | -23.3% |
Summary: New 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 increased by 48.8%, 3 bedroom homes increased by 22.7%, 4 bedroom homes increased by 24.8%, and 5+ bedroom homes decreased by 23.3%.
Median Sold Price Compared To Nearby Cities
| New Lebanon | $155K | $180K | +16.1% |
| Perry Township | $247.4K | $235K | -5.0% |
| Jackson Township | $200K | $185K | -7.5% |
Housing Supply in New Lebanon, OH
How many homes are available in New Lebanon, OH?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 14 | 15 | +7.1% |
Summary: The New Lebanon real estate market had 15 homes for sale in April 2024, a 7.1% increase 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 | 4 | 1 | -75.0% |
| 3 Bedrooms | 7 | 10 | +42.9% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The New 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 75%, 3 bedroom homes increased by 42.9%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 5 | 7 | +40.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in New Lebanon, you could pay more than the asking price. 57.1% of homes here sold above asking price last month.
Summary: A total of 7 homes were sold or pending in New Lebanon in April 2024, up by 40.0% month-over-month. Of the 7 sold homes, 43% were sold under asking, 0% were sold at asking, and 57% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 43 Days | 75 Days | +73.9% |
Summary: Homes in New Lebanon had an average of 75 days on market in Apr 2024, up by 73.9% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
4 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 April 2024, 7 homes were sold in New Lebanon; 14% of homes were sold within 30 days, 57% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.
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