$6,828 Closing Credit*
$575,000
3 Beds
•2 Full Baths
Listing Office: COLDWELL BANKER REALTY
Is Lebanon Township, 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 Township was a Seller's Market.
Key Takeaway
Lebanon Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Lebanon Township, NJ
How much do homes in Lebanon Township, NJ cost?
Median Sold Price
$674,900
$156/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$114,400(+20.4%)
Key Takeaway
Homes in Lebanon Township have sold for 20.4% more than they did a year ago.
Summary: The median home sold price in Lebanon Township was $674,900 in November 2024, up 20.4% 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 | $285K | $285.2K | 0.1% |
| 2 Bedrooms | $327.5K | $380K | +16.0% |
| 3 Bedrooms | $499K | $572.5K | +14.7% |
| 4 Bedrooms | $700K | $805K | +15.0% |
| 5+ Bedrooms | $990K | $916.5K | -7.4% |
Summary: Lebanon Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.1%, 2 bedroom homes increased by 16%, 3 bedroom homes increased by 14.7%, 4 bedroom homes increased by 15%, and 5+ bedroom homes decreased by 7.4%.
Median Sold Price Compared To Nearby Cities
| Glen Gardner | $290.9K | $425.2K | +46.2% |
| Port Murray | $390K | $540K | +38.5% |
| Califon | $568K | $762K | +34.2% |
| Lebanon Township | $560.5K | $674.9K | +20.4% |
| High Bridge | $327.5K | $375K | +14.5% |
Housing Supply in Lebanon Township, NJ
How many homes are available in Lebanon Township, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 65 | 66 | +1.5% |
Summary: The Lebanon Township real estate market had 66 homes for sale in November 2024, a 1.5% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 7 | 10 | +42.9% |
| 3 Bedrooms | 28 | 28 | 0.0% |
| 4 Bedrooms | 20 | 19 | -5.0% |
| 5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The Lebanon Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 42.9%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 11 | 9 | -18.2% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lebanon Township, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 9 homes were sold or pending in Lebanon Township in November 2024, down by 18.2% month-over-month. Of the 9 sold homes, 22% were sold under asking, 11% were sold at asking, and 67% were sold over asking.
Days on Market for Lebanon Township, 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.