$60,000
0.72 Acres
Land
Listing Office: Worth Clark Realty
Is Lebanon Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Lebanon Township was a Seller's Market.
Key Takeaway
Lebanon Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Lebanon Township, IL
How much do homes in Lebanon Township, IL cost?
Median Sold Price
$214,500
$109/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$29,500(+15.9%)
Key Takeaway
Homes in Lebanon Township have sold for 15.9% more than they did a year ago.
Summary: The median home sold price in Lebanon Township was $214,500 in October 2024, up 15.9% from last year, and the median price per square foot was $109.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $69K | - | N/A |
| 2 Bedrooms | $135K | $122K | -9.6% |
| 3 Bedrooms | $170K | $215K | +26.5% |
| 4 Bedrooms | $275K | $230K | -16.4% |
| 5+ Bedrooms | $603.9K | $425K | -29.6% |
Summary: Lebanon Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 9.6%, 3 bedroom homes increased by 26.5%, 4 bedroom homes decreased by 16.4%, and 5+ bedroom homes decreased by 29.6%.
Median Sold Price Compared To Nearby Cities
| Saint Jacob Township | $213.7K | $314.7K | +47.3% |
| Lebanon Township | $185K | $214.5K | +15.9% |
| Lebanon | $190.5K | $211K | +10.8% |
| Sugar Creek Township | $250K | $208K | -16.8% |
Housing Supply in Lebanon Township, IL
How many homes are available in Lebanon Township, IL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 26 | 33 | +26.9% |
Summary: The Lebanon Township real estate market had 33 homes for sale in October 2024, a 26.9% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 9 | 13 | +44.4% |
| 3 Bedrooms | 7 | 11 | +57.1% |
| 4 Bedrooms | 7 | 6 | -14.3% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Lebanon Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 44.4%, 3 bedroom homes increased by 57.1%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 4 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lebanon Township, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Lebanon Township in October 2024, the same as the previous month. Of the 4 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 29 Days | 60 Days | +103.6% |
Summary: Homes in Lebanon Township had an average of 60 days on market in Oct 2024, up by 103.6% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Lebanon Township has remained consistent over time.
Summary: During October 2024, 4 homes were sold in Lebanon Township; 25% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.