Is Lebanon Township, MO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Lebanon Township has remained a Seller's Market.
Housing Prices in Lebanon Township, MO
How much do homes in Lebanon Township, MO cost?
Median Sold Price
$222,000
$181/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Lebanon Township was $222,000 in May 2024, up 20.8% from last year, and the median price per square foot was $181.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $55K | $91K | +65.5% |
2 Bedrooms | $125.5K | $80K | -36.3% |
3 Bedrooms | $186.7K | $210.4K | +12.7% |
4 Bedrooms | $275.7K | $325K | +17.9% |
5+ Bedrooms | $379K | $412K | +8.7% |
Summary: Lebanon Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 65.5%, 2 bedroom homes decreased by 36.3%, 3 bedroom homes increased by 12.7%, 4 bedroom homes increased by 17.9%, and 5+ bedroom homes increased by 8.7%.
Median Sold Price Compared To Nearby Cities
Lebanon | $177.9K | $222K | +24.8% |
Lebanon Township | $183.7K | $222K | +20.8% |
Housing Supply in Lebanon Township, MO
How many homes are available in Lebanon Township, MO?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
166 | 193 | +16.3% |
Summary: The Lebanon Township real estate market had 193 homes for sale in May 2024, a 16.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 3 | 0.0% |
2 Bedrooms | 23 | 23 | 0.0% |
3 Bedrooms | 95 | 103 | +8.4% |
4 Bedrooms | 33 | 46 | +39.4% |
5+ Bedrooms | 12 | 18 | +50.0% |
Summary: The Lebanon Township 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 remained the same, 3 bedroom homes increased by 8.4%, 4 bedroom homes increased by 39.4%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
28 | 43 | +53.6% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 43 homes were sold or pending in Lebanon Township in May 2024, up by 53.6% month-over-month. Of the 4 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% were sold over asking.
Days on Market for Lebanon Township, MO
How long does it take to sell a home in Lebanon Township, MO?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
38 Days | 62 Days | +62.5% |
Summary: Homes in Lebanon Township had an average of 62 days on market in May 2024, up by 62.5% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
18 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Summary: During May 2024, 43 homes were sold in Lebanon Township; 35% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 23% of homes were sold over 90 days.