$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 November 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
$675,000
$156/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$50,000(+8.0%)
Key Takeaway
Homes in Lebanon have sold for 8% more than they did a year ago.
Summary: The median home sold price in Lebanon was $675,000 in November 2024, up 8% from last year, and the median price per square foot was $156.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $315K | $285.2K | -9.4% |
| 2 Bedrooms | $336K | $371K | +10.4% |
| 3 Bedrooms | $510K | $590K | +15.7% |
| 4 Bedrooms | $725K | $893.4K | +23.2% |
| 5+ Bedrooms | $999.9K | $1.1M | +12.0% |
Summary: Lebanon housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 9.4%, 2 bedroom homes increased by 10.4%, 3 bedroom homes increased by 15.7%, 4 bedroom homes increased by 23.2%, and 5+ bedroom homes increased by 12%.
Median Sold Price Compared To Nearby Cities
| Lebanon | $625K | $675K | +8.0% |
| Clinton Township | $495K | $471.6K | -4.7% |
Housing Supply in Lebanon, NJ
How many homes are available in Lebanon, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 44 | 42 | -4.5% |
Summary: The Lebanon real estate market had 42 homes for sale in November 2024, a 4.5% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 5 | 6 | +20.0% |
| 3 Bedrooms | 16 | 17 | +6.3% |
| 4 Bedrooms | 14 | 12 | -14.3% |
| 5+ Bedrooms | 7 | 6 | -14.3% |
Summary: The Lebanon housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 6.3%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 4 | -33.3% |
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, 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 in November 2024, down by 33.3% 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, NJ
We’re sorry, we don't have information for this market at the moment
