$4,155 Closing Credit*
$349,900
1,223 SqFt
2 Beds
•1 Full Bath
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 October 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
$675,000
$156/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$115,050(+20.5%)
Key Takeaway
Homes in Lebanon Township have sold for 20.5% more than they did a year ago.
Summary: The median home sold price in Lebanon Township was $675,000 in October 2024, up 20.5% 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 | $332K | $380K | +14.5% |
| 3 Bedrooms | $499.5K | $550K | +10.1% |
| 4 Bedrooms | $678.5K | $805K | +18.6% |
| 5+ Bedrooms | $900K | $990K | +10.0% |
Summary: Lebanon Township 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 14.5%, 3 bedroom homes increased by 10.1%, 4 bedroom homes increased by 18.6%, and 5+ bedroom homes increased by 10%.
Median Sold Price Compared To Nearby Cities
| Califon | $575K | $775K | +34.8% |
| Lebanon Township | $559.9K | $675K | +20.5% |
| Glen Gardner | $342.5K | $408K | +19.1% |
| High Bridge | $320K | $352.5K | +10.2% |
Housing Supply in Lebanon Township, NJ
How many homes are available in Lebanon Township, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 73 | 74 | +1.4% |
Summary: The Lebanon Township real estate market had 74 homes for sale in October 2024, a 1.4% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 5 | 7 | +40.0% |
| 3 Bedrooms | 25 | 32 | +28.0% |
| 4 Bedrooms | 33 | 24 | -27.3% |
| 5+ Bedrooms | 8 | 8 | 0.0% |
Summary: The Lebanon Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 40%, 3 bedroom homes increased by 28%, 4 bedroom homes decreased by 27.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 18 | 10 | -44.4% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lebanon Township, you could pay more than the asking price. 70% of homes here sold above asking price last month.
Summary: A total of 10 homes were sold or pending in Lebanon Township in October 2024, down by 44.4% month-over-month. Of the 10 sold homes, 30% were sold under asking, 0% were sold at asking, and 70% 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
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