Is Lebanon Junction, KY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lebanon Junction is a neutral's market

Buyer's
Market

Difference Since Last Month

Last month, Lebanon Junction was a Seller's Market.

Key Takeaway

Lebanon Junction 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 Junction, KY

How much do homes in Lebanon Junction, KY cost?

Median Sold Price

$238,000

$165/sqft

Based on all homes sold in December 2024.

Difference Since Last Month

+$28,000(+13.3%)

Key Takeaway

Homes in Lebanon Junction have sold for 13.3% more than they did a month ago.

Summary: The median home sold price in Lebanon Junction was $238,000 in December 2024, up 13.3% from last month, and the median price per square foot was $165.

Median Sold Price By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 --
N/A
2 $199.5K$157K
-21.3%
3 $300K$319K
+6.3%
4 --
N/A
5+ --
N/A

Summary: Lebanon Junction housing prices by bedroom type for December 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 21.3%, 3 bedroom homes increased by 6.3%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Lebanon Junction, KY

How many homes are available in Lebanon Junction, KY?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
1814-22.2%

Summary: The Lebanon Junction real estate market had 14 homes for sale in December 2024, a 22.2% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 41
-75.0%
3 108
-20.0%
4 34
+33.3%
5+ 11
0.0%

Summary: The Lebanon Junction housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 75%, 3 bedroom homes decreased by 20%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
52-60.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lebanon Junction, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 2 homes were sold or pending in Lebanon Junction in December 2024, down by 60.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for Lebanon Junction, KY

We’re sorry, we don't have information for this market at the moment

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

Report Updated 4 Days Ago

Newest Listings in Lebanon Junction, KY

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