Is Lebanon, NH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Lebanon was a Neutral Market.
Key Takeaway
Lebanon is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lebanon, NH
How much do homes in Lebanon, NH cost?
Median Sold Price
$562,000
$292/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Key Takeaway
Homes in Lebanon have sold for 10.6% more than they did a month ago.
Summary: The median home sold price in Lebanon was $562,000 in May 2024, up 10.6% from last month, and the median price per square foot was $292.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $380K | N/A |
| 2 Bedrooms | $355K | $607.5K | +71.1% |
| 3 Bedrooms | $554K | $559K | +0.9% |
| 4 Bedrooms | $1.0M | $534.5K | -47.1% |
| 5+ Bedrooms | - | - | N/A |
Summary: Lebanon housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 71.1%, 3 bedroom homes increased by 0.9%, 4 bedroom homes decreased by 47.1%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Hanover | $540K | $757K | +40.2% |
| White River Junction | $342.5K | $409.5K | +19.6% |
| Hartford | $350K | $409.5K | +17.0% |
| Lebanon | $508K | $562K | +10.6% |
| West Lebanon | $759K | $559K | -26.4% |
Housing Supply in Lebanon, NH
How many homes are available in Lebanon, NH?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 42 | 46 | +9.5% |
Summary: The Lebanon real estate market had 46 homes for sale in May 2024, a 9.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 5 | 0.0% |
| 2 Bedrooms | 12 | 10 | -16.7% |
| 3 Bedrooms | 16 | 22 | +37.5% |
| 4 Bedrooms | 7 | 8 | +14.3% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Lebanon housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 16.7%, 3 bedroom homes increased by 37.5%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 7 | 18 | +157.1% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lebanon, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.
Summary: A total of 18 homes were sold or pending in Lebanon in May 2024, up by 157.1% month-over-month. Of the 18 sold homes, 44% were sold under asking, 17% were sold at asking, and 39% were sold over asking.
Days on Market for Lebanon, NH
We’re sorry, we don't have information for this market at the moment
© Copyright 2024 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this display comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.