$6,174 Closing Credit*
$519,900
2,929 SqFt
4 Beds
•2 Full Baths, 1 Partial
Natalie Decker, Listing Office: Coldwell Banker Realty
Is Lebanon, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Lebanon has remained a Seller's Market.
Key Takeaway
Lebanon is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lebanon, OH
How much do homes in Lebanon, OH cost?
Median Sold Price
$410,000
$184/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$45,000(+12.3%)
Key Takeaway
Homes in Lebanon have sold for 12.3% more than they did a year ago.
Summary: The median home sold price in Lebanon was $410,000 in November 2024, up 12.3% from last year, and the median price per square foot was $184.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $265K | $260K | -1.9% |
| 3 Bedrooms | $319.9K | $350K | +9.4% |
| 4 Bedrooms | $468.7K | $490K | +4.5% |
| 5+ Bedrooms | $624.9K | $590K | -5.6% |
Summary: Lebanon housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 1.9%, 3 bedroom homes increased by 9.4%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes decreased by 5.6%.
Median Sold Price Compared To Nearby Cities
| Lebanon | $365K | $410K | +12.3% |
| Turtlecreek Township | $437K | $450K | +3.0% |
| Union Township | $362.5K | $357.5K | -1.4% |
Housing Supply in Lebanon, OH
How many homes are available in Lebanon, OH?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 57 | 51 | -10.5% |
Summary: The Lebanon real estate market had 51 homes for sale in November 2024, a 10.5% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 9 | 8 | -11.1% |
| 3 Bedrooms | 23 | 17 | -26.1% |
| 4 Bedrooms | 20 | 23 | +15.0% |
| 5+ Bedrooms | 5 | 3 | -40.0% |
Summary: The Lebanon housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 11.1%, 3 bedroom homes decreased by 26.1%, 4 bedroom homes increased by 15%, and 5+ bedroom homes decreased by 40%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 13 | 19 | +46.2% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lebanon, you may be able to get a good deal. 47.4% of homes here sold below asking price last month.
Summary: A total of 19 homes were sold or pending in Lebanon in November 2024, up by 46.2% month-over-month. Of the 19 sold homes, 47% were sold under asking, 32% were sold at asking, and 21% were sold over asking.
Days on Market for Lebanon, OH
We’re sorry, we don't have information for this market at the moment
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This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Real estate listings held by other brokerage firms are marked with the BR logo and detailed information about them includes the name of the listing brokers. Copyright ©2024 by the Multiple Listing Service of Greater Cincinnati, Inc. All rights reserved. For the most current information, contact your Broker.