$74,900
0.95 Acres
Land
Heather McColaugh, Listing Office: BF Realty
Is South Lebanon, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, South Lebanon has remained a Seller's Market.
Key Takeaway
South Lebanon is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in South Lebanon, OH
How much do homes in South Lebanon, OH cost?
Median Sold Price
$350,000
$178/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$23,000(+7.0%)
Key Takeaway
Homes in South Lebanon have sold for 7% more than they did a year ago.
Summary: The median home sold price in South Lebanon was $350,000 in October 2024, up 7% from last year, and the median price per square foot was $178.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $169.9K | $160K | -5.8% |
| 3 Bedrooms | $305K | $347.5K | +13.9% |
| 4 Bedrooms | $470K | $495K | +5.3% |
| 5+ Bedrooms | $500K | $585K | +17.0% |
Summary: South Lebanon housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 5.8%, 3 bedroom homes increased by 13.9%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes increased by 17%.
Median Sold Price Compared To Nearby Cities
| Lebanon | $360.8K | $410K | +13.6% |
| South Lebanon | $327K | $350K | +7.0% |
| Hamilton Township | $260K | $275K | +5.8% |
Housing Supply in South Lebanon, OH
How many homes are available in South Lebanon, OH?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 9 | 11 | +22.2% |
Summary: The South Lebanon real estate market had 11 homes for sale in October 2024, a 22.2% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 2 | +100.0% |
| 3 Bedrooms | 7 | 5 | -28.6% |
| 4 Bedrooms | 1 | 3 | +200.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The South Lebanon housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 28.6%, 4 bedroom homes increased by 200%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 4 | +300.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in South Lebanon, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in South Lebanon in October 2024, up by 300.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.
Days on Market for South 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.