Is Lebanon Township, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lebanon Township is a seller's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Lebanon Township, NC

How much do homes in Lebanon Township, NC cost?

Median Sold Price

$424,950

$219/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$19,950(+4.9%)

Key Takeaway

Homes in Lebanon Township have sold for 4.9% more than they did a year ago.

Summary: The median home sold price in Lebanon Township was $424,950 in November 2024, up 4.9% from last year, and the median price per square foot was $219.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $325K$300K
-7.7%
3 $375K$405K
+8.0%
4 $500K$528K
+5.6%
5+ $538.5K$545K
+1.2%

Summary: Lebanon Township 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 decreased by 7.7%, 3 bedroom homes increased by 8%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes increased by 1.2%.

Median Sold Price Compared To Nearby Cities

Eno Township
+16.8%
Mangum Township
+7.6%
Lebanon Township
+4.9%
Durham Township
+3.6%

Housing Supply in Lebanon Township, NC

How many homes are available in Lebanon Township, NC?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
7970-11.4%

Summary: The Lebanon Township real estate market had 70 homes for sale in November 2024, a 11.4% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 20
-100.0%
3 4438
-13.6%
4 3129
-6.5%
5+ 23
+50.0%

Summary: The Lebanon Township 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 100%, 3 bedroom homes decreased by 13.6%, 4 bedroom homes decreased by 6.5%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
19190.0%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lebanon Township, 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 Township in November 2024, the same as the previous month. Of the 19 sold homes, 53% were sold under asking, 16% were sold at asking, and 32% were sold over asking.

Days on Market for Lebanon Township, NC

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

Average Sale Time

Nov 2023Nov 2024CHANGE
41 Days24 Days-42.0%

Summary: Homes in Lebanon Township had an average of 24 days on market in Nov 2024, down by 42% compared to last year.

Breakdown of Home Sale Times

14 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 19 homes were sold in Lebanon Township; 74% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 5% 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 22 Days Ago

Newest Listings in Lebanon Township, NC

Nearby Markets to Lebanon Township, NC

What housing markets are near Lebanon Township, NC?