$6,472 Closing Credit*
$545,000
1,708 SqFt
3 Beds
•1 Full Bath, 1 Partial
Listing Office: KELLER WILLIAMS REALTY
Is Lebanon, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Lebanon was a Seller's Market.
Key Takeaway
Lebanon is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Lebanon, NJ
How much do homes in Lebanon, NJ cost?
Median Sold Price
$695,000
$156/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$85,000(+13.9%)
Key Takeaway
Homes in Lebanon have sold for 13.9% more than they did a year ago.
Summary: The median home sold price in Lebanon was $695,000 in October 2024, up 13.9% from last year, and the median price per square foot was $156.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $255K | $300K | +17.6% |
| 2 Bedrooms | $338K | $375K | +10.9% |
| 3 Bedrooms | $520K | $590K | +13.5% |
| 4 Bedrooms | $690K | $886.9K | +28.5% |
| 5+ Bedrooms | $999.9K | $1.0M | +4.0% |
Summary: Lebanon housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17.6%, 2 bedroom homes increased by 10.9%, 3 bedroom homes increased by 13.5%, 4 bedroom homes increased by 28.5%, and 5+ bedroom homes increased by 4%.
Median Sold Price Compared To Nearby Cities
| Lebanon | $610K | $695K | +13.9% |
| Clinton Township | $499K | $470K | -5.8% |
Housing Supply in Lebanon, NJ
How many homes are available in Lebanon, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 47 | 49 | +4.3% |
Summary: The Lebanon real estate market had 49 homes for sale in October 2024, a 4.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 5 | 5 | 0.0% |
| 3 Bedrooms | 13 | 19 | +46.2% |
| 4 Bedrooms | 21 | 16 | -23.8% |
| 5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The Lebanon housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 46.2%, 4 bedroom homes decreased by 23.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 11 | 5 | -54.5% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lebanon, you could pay more than the asking price. 60% of homes here sold above asking price last month.
Summary: A total of 5 homes were sold or pending in Lebanon in October 2024, down by 54.5% month-over-month. Of the 5 sold homes, 40% were sold under asking, 0% were sold at asking, and 60% were sold over asking.
Days on Market for Lebanon, NJ
We’re sorry, we don't have information for this market at the moment
The data relating to real estate for sale on this web-site comes in part from the Internet Listing Display database of the CENTRAL JERSEY MULTIPLE LISTING SYSTEM. Real estate listings held by brokerage firms other than this site-owner are marked with the ILD logo. The CENTRAL JERSEY MULTIPLE LISTING SYSTEM does not warrant the accuracy, quality, reliability, suitability, completeness, usefulness or effectiveness of any information provided. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify properties the consumer may be interested in purchasing or renting. Copyright 2024, CENTRAL JERSEY MULTIPLE LISTING SYSTEM. All Rights Reserved. The CENTRAL JERSEY MULTIPLE LISTING SYSTEM retains all rights, title and interest in and to its trademarks, service marks and copyrighted material.
Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.