Is Lebanon, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lebanon is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Lebanon has remained a Seller's Market.

Key Takeaway

Lebanon is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Lebanon, IN

How much do homes in Lebanon, IN cost?

Median Sold Price

$263,500

$159/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$16,250(+6.6%)

Key Takeaway

Homes in Lebanon have sold for 6.6% more than they did a year ago.

Summary: The median home sold price in Lebanon was $263,500 in November 2024, up 6.6% from last year, and the median price per square foot was $159.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $325K$222.5K
-31.5%
2 $180K$191.9K
+6.6%
3 $242.5K$254.9K
+5.1%
4 $310K$344.9K
+11.3%
5+ $375K$399.9K
+6.7%

Summary: Lebanon housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 31.5%, 2 bedroom homes increased by 6.6%, 3 bedroom homes increased by 5.1%, 4 bedroom homes increased by 11.3%, and 5+ bedroom homes increased by 6.7%.

Median Sold Price Compared To Nearby Cities

Worth Township
+8.0%
Center Township
+7.0%
Lebanon
+6.6%

Housing Supply in Lebanon, IN

How many homes are available in Lebanon, IN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
8172-11.1%

Summary: The Lebanon real estate market had 72 homes for sale in November 2024, a 11.1% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 129
-25.0%
3 4036
-10.0%
4 2522
-12.0%
5+ 45
+25.0%

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 25%, 3 bedroom homes decreased by 10%, 4 bedroom homes decreased by 12%, and 5+ bedroom homes increased by 25%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2225+13.6%

Asking Price vs. Sold Price

14 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lebanon, you may be able to get a good deal. 56% of homes here sold below asking price last month.

Summary: A total of 25 homes were sold or pending in Lebanon in November 2024, up by 13.6% month-over-month. Of the 25 sold homes, 56% were sold under asking, 28% were sold at asking, and 16% were sold over asking.

Days on Market for Lebanon, IN

How long does it take to sell a home in Lebanon, IN?

Average Sale Time

Nov 2023Nov 2024CHANGE
25 Days44 Days+77.5%

Summary: Homes in Lebanon had an average of 44 days on market in Nov 2024, up by 77.5% compared to last year.

Breakdown of Home Sale Times

16 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Lebanon are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 25 homes were sold in Lebanon; 64% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 20 Days Ago

Newest Listings in Lebanon, IN

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