$10,000 Closing Credit*
$889,900
3,156 SqFt
4 Beds
•3 Full Baths
Kristine Powell, Listing Office: RE/MAX Exceptional Properties
Is Lebanon, TN 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 was a Seller's Market.
Key Takeaway
Lebanon is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Lebanon, TN
How much do homes in Lebanon, TN cost?
Median Sold Price
$419,742
$213/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$30,308(+7.8%)
Key Takeaway
Homes in Lebanon have sold for 7.8% more than they did a year ago.
Summary: The median home sold price in Lebanon was $419,742 in October 2024, up 7.8% from last year, and the median price per square foot was $213.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $109K | $202.5K | +85.8% |
| 2 Bedrooms | $275K | $309K | +12.4% |
| 3 Bedrooms | $348.2K | $364.9K | +4.8% |
| 4 Bedrooms | $519K | $499.9K | -3.7% |
| 5+ Bedrooms | $521.5K | $558.8K | +7.1% |
Summary: Lebanon housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 85.8%, 2 bedroom homes increased by 12.4%, 3 bedroom homes increased by 4.8%, 4 bedroom homes decreased by 3.7%, and 5+ bedroom homes increased by 7.1%.
Housing Supply in Lebanon, TN
How many homes are available in Lebanon, TN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 555 | 612 | +10.3% |
Summary: The Lebanon real estate market had 612 homes for sale in October 2024, a 10.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 4 | 0.0% |
| 2 Bedrooms | 34 | 39 | +14.7% |
| 3 Bedrooms | 314 | 321 | +2.2% |
| 4 Bedrooms | 163 | 197 | +20.9% |
| 5+ Bedrooms | 40 | 51 | +27.5% |
Summary: The 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 14.7%, 3 bedroom homes increased by 2.2%, 4 bedroom homes increased by 20.9%, and 5+ bedroom homes increased by 27.5%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 97 | 102 | +5.2% |
Asking Price vs. Sold Price
57 Homes Were Sold
Under Asking
32 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lebanon, you may be able to get a good deal. 57% of homes here sold below asking price last month.
Summary: A total of 102 homes were sold or pending in Lebanon in October 2024, up by 5.2% month-over-month. Of the 100 sold homes, 57% were sold under asking, 32% were sold at asking, and 11% were sold over asking.
Days on Market for Lebanon, TN
How long does it take to sell a home in Lebanon, TN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 23 Days | 35 Days | +50.4% |
Summary: Homes in Lebanon had an average of 35 days on market in Oct 2024, up by 50.4% compared to last year.
Breakdown of Home Sale Times
59 Homes Were Sold
Under 30 Days
34 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lebanon are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 102 homes were sold in Lebanon; 58% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.
© 2024 of the REALTRACS MLS. All rights Reserved. 
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Knoxville Area Association of REALTORS® Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some or all of the listings may not belong to the firm whose website is being visited. Real estate listings held by brokerage firms other than this broker are indicated by detailed information about them such as the name of the listing firms. 
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Greater Chattanooga Association of Realtors®. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Copyright© 2024 Greater Chattanooga Association of REALTORS®.