Listing Office: Century 21 Advantage Plus
Is Lebanon Junction, KY 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 Junction has remained a Seller's Market.
Key Takeaway
Lebanon Junction is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lebanon Junction, KY
How much do homes in Lebanon Junction, KY cost?
Median Sold Price
$244,115
$185/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$49,165(+25.2%)
Key Takeaway
Homes in Lebanon Junction have sold for 25.2% more than they did a year ago.
Summary: The median home sold price in Lebanon Junction was $244,115 in November 2024, up 25.2% from last year, and the median price per square foot was $185.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $152.5K | $171K | +12.1% |
| 3 Bedrooms | $206K | $289.9K | +40.7% |
| 4 Bedrooms | - | $315.9K | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Lebanon Junction housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 12.1%, 3 bedroom homes increased by 40.7%, 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
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 22 | 17 | -22.7% |
Summary: The Lebanon Junction real estate market had 17 homes for sale in November 2024, a 22.7% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 3 | -25.0% |
| 3 Bedrooms | 13 | 10 | -23.1% |
| 4 Bedrooms | 4 | 3 | -25.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Lebanon Junction 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 23.1%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 5 | 4 | -20.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Lebanon Junction, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Lebanon Junction in November 2024, down by 20.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% 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
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