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 October 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

$258,416

$159/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$13,416(+5.5%)

Key Takeaway

Homes in Lebanon have sold for 5.5% more than they did a year ago.

Summary: The median home sold price in Lebanon was $258,416 in October 2024, up 5.5% from last year, and the median price per square foot was $159.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $325K$222.5K
-31.5%
2 $177.5K$191.9K
+8.1%
3 $235K$254.9K
+8.5%
4 $307K$335.8K
+9.4%
5+ $387K$395.3K
+2.1%

Summary: Lebanon housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 31.5%, 2 bedroom homes increased by 8.1%, 3 bedroom homes increased by 8.5%, 4 bedroom homes increased by 9.4%, and 5+ bedroom homes increased by 2.1%.

Median Sold Price Compared To Nearby Cities

Center Township
+6.4%
Lebanon
+5.5%
Worth Township
+4.8%
Perry Township
-15.1%

Housing Supply in Lebanon, IN

How many homes are available in Lebanon, IN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
8881-8.0%

Summary: The Lebanon real estate market had 81 homes for sale in October 2024, a 8.0% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 1112
+9.1%
3 4738
-19.1%
4 2327
+17.4%
5+ 74
-42.9%

Summary: The Lebanon 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 9.1%, 3 bedroom homes decreased by 19.1%, 4 bedroom homes increased by 17.4%, and 5+ bedroom homes decreased by 42.9%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2619-26.9%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

2 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. 52.6% of homes here sold below asking price last month.

Summary: A total of 19 homes were sold or pending in Lebanon in October 2024, down by 26.9% month-over-month. Of the 19 sold homes, 53% were sold under asking, 37% were sold at asking, and 11% 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

Oct 2023Oct 2024CHANGE
32 Days36 Days+10.3%

Summary: Homes in Lebanon had an average of 36 days on market in Oct 2024, up by 10.3% compared to last year.

Breakdown of Home Sale Times

10 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

2 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 October 2024, 19 homes were sold in Lebanon; 53% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 11% 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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