$4,571 Closing Credit*
$384,900
2,696 SqFt
3 Beds
•2 Full Baths, 2 Partial
Lisa Bowman, Listing Office: Coldwell Banker Realty
Is Lebanon, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Lebanon was a Seller's Market.
Key Takeaway
Lebanon is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Lebanon, CT
How much do homes in Lebanon, CT cost?
Median Sold Price
$400,000
$211/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$60,000(+17.6%)
Key Takeaway
Homes in Lebanon have sold for 17.6% more than they did a year ago.
Summary: The median home sold price in Lebanon was $400,000 in November 2024, up 17.6% from last year, and the median price per square foot was $211.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $222.5K | - | N/A |
| 2 Bedrooms | $290K | $295K | +1.7% |
| 3 Bedrooms | $340K | $400K | +17.6% |
| 4 Bedrooms | $472.5K | $450K | -4.8% |
| 5+ Bedrooms | - | $412.5K | N/A |
Summary: Lebanon housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 1.7%, 3 bedroom homes increased by 17.6%, 4 bedroom homes decreased by 4.8%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Lebanon | $340K | $400K | +17.6% |
| Willimantic | $229K | $253.5K | +10.7% |
| Windham | $230K | $251K | +9.1% |
| Columbia | $435K | $390K | -10.3% |
Housing Supply in Lebanon, CT
How many homes are available in Lebanon, CT?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 27 | 24 | -11.1% |
Summary: The Lebanon real estate market had 24 homes for sale in November 2024, a 11.1% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 5 | 4 | -20.0% |
| 3 Bedrooms | 11 | 8 | -27.3% |
| 4 Bedrooms | 9 | 9 | 0.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Lebanon housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 20%, 3 bedroom homes decreased by 27.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 4 | -33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lebanon, you could pay more than the asking price. 75% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in Lebanon in November 2024, down by 33.3% month-over-month. Of the 4 sold homes, 25% were sold under asking, 0% were sold at asking, and 75% were sold over asking.
Days on Market for Lebanon, CT
We’re sorry, we don't have information for this market at the moment
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