$3,561 Closing Credit*
$299,900
3,104 SqFt
4 Beds
•2 Full Baths, 1 Partial
Listing Office: 360 Prime Realty Group, LLC
Is Lebanon Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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, IL
How much do homes in Lebanon Township, IL cost?
Median Sold Price
$210,000
$112/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since November 2023.
Key Takeaway
The sold price of homes in Lebanon Township has remained the same since last year.
Summary: The median home sold price in Lebanon Township was $210,000 in November 2024, the same as last year, and the median price per square foot was $112.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $69K | $74K | +7.2% |
| 2 Bedrooms | $135K | $124K | -8.1% |
| 3 Bedrooms | $212.5K | $210K | -1.2% |
| 4 Bedrooms | $275K | $230K | -16.4% |
| 5+ Bedrooms | $599K | $522.5K | -12.8% |
Summary: Lebanon Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.2%, 2 bedroom homes decreased by 8.1%, 3 bedroom homes decreased by 1.2%, 4 bedroom homes decreased by 16.4%, and 5+ bedroom homes decreased by 12.8%.
Median Sold Price Compared To Nearby Cities
| Lebanon Township | $210K | $210K | 0.0% |
| Lebanon | $225K | $210K | -6.7% |
| Sugar Creek Township | $235K | $208K | -11.5% |
Housing Supply in Lebanon Township, IL
How many homes are available in Lebanon Township, IL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 32 | 36 | +12.5% |
Summary: The Lebanon Township real estate market had 36 homes for sale in November 2024, a 12.5% increase 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 | 12 | 15 | +25.0% |
| 3 Bedrooms | 11 | 9 | -18.2% |
| 4 Bedrooms | 6 | 8 | +33.3% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Lebanon Township 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 increased by 25%, 3 bedroom homes decreased by 18.2%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 13 | +225.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lebanon Township, expect to pay close to the asking price. 46.2% of homes here sold near the asking price last month.
Summary: A total of 13 homes were sold or pending in Lebanon Township in November 2024, up by 225.0% month-over-month. Of the 13 sold homes, 31% were sold under asking, 46% were sold at asking, and 23% were sold over asking.
Days on Market for Lebanon Township, IL
How long does it take to sell a home in Lebanon Township, IL?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 55 Days | 69 Days | +25.7% |
Summary: Homes in Lebanon Township had an average of 69 days on market in Nov 2024, up by 25.7% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Lebanon Township has remained consistent over time.
Summary: During November 2024, 13 homes were sold in Lebanon Township; 23% of homes were sold within 30 days, 46% of homes were sold within 30 to 90 days, and 31% of homes were sold over 90 days.
Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.