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Featured local agent — Lebanon, IL
Sarah Mitchell
Compass Real Estate · Lebanon, IL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Lebanon, IL Housing Market & Real Estate
Housing market overview · Updated monthly ·
$190,000median sale price
How is the Lebanon, IL housing market right now?
The median home sale price in Lebanon, IL is $190,000, up 2.5% year-over-year. Homes sell in an average of 36 days with 13 active listings. The market is currently a seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Lebanon a buyer's or seller's market?
Lebanon, IL is currently a seller's market, based on 1.4 months of supply and homes selling in about 36 days. How we determine this →
Homes sold
9
Last 12 weeks
Days on market
36
Average pace
Active listings
13
1.4 months supply
Sale-to-list
96.8%
Below asking
What does the Lebanon housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $190,000 |
| Median list price | $199,900 |
| Year-over-year price change | +2.5% |
| Average days on market | 36 days |
| Active inventory | 13 listings |
| Months of supply | 1.4 months |
| Sale-to-list price ratio | 96.8% |
| Median price per sq ft | $131/sq ft |
| Homes sold (latest month) | 9 |
| New listings (latest month) | 9 |
| Listings with a price cut | 30.8% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Lebanon by property type?
How the Lebanon, IL market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $200,500 | $131/sq ft | 8 | 20 days |
Source: Redfin · Updated monthly
The Lebanon housing market is currently classified as a seller's market with a median sale price of $190,000. Prices have risen 2.5% compared to last year, with homes spending an average of 36 days on market, indicating 1.4 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 2.1x provides context for how home values compare to local earning capacity.
Market trends
Homes for sale in Lebanon
There are currently 13 homes listed for sale in Lebanon, Illinois. The median listing price is $200K.
Active listings
13
Homes on market
Median list price
$200K
Avg. days on market
36
Days until sale
New this week
9
Newly listed
Who lives in Lebanon?
Population
4,431
Median income
$84,766/yr
Median age
33 years
Owner-occupied
58.9%
College grads
40.0%
Avg commute
20.5 min
Source: U.S. Census Bureau ACS
What are homes worth in Lebanon?
Zillow home value
$176,316
Price-to-income
2.1x
Source: Zillow Research
What is it like to live in Lebanon?
Lebanon is a community of approximately 4K residents with a median age of 33 years.The median household income is $84,766, which reflects a relatively affluent area with strong earning potential. 40.0% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 58.9%, showing a blend of owner and renter-occupied properties. The average commute time is 20.5 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Lebanon offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Lebanon?
2 schools tracked · 529 students
The largest public schools serving Lebanon, IL by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Lebanon Elem School
Grades PK-5 · 293 students
Lebanon High School
Grades 6-12 · 236 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Lebanon, IL?
Want a head-to-head view? Compare Lebanon side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Lebanon?
The median home sale price in Lebanon is $190,000, up 2.5% from last year.
How long do homes stay on market in Lebanon?
Homes typically spend 36 days on market before going under contract.
What is the median income in Lebanon?
The median household income is $84,766 per year.
Is Lebanon a buyer's or seller's market?
With 1.4 months of supply, Lebanon is currently a seller's market.
What is the Zillow home value estimate for Lebanon?
The Zillow Home Value Index (ZHVI) for Lebanon is $176,316, representing the typical home value in the area.
How much does a single-family home cost in Lebanon?
The median single-family home price in Lebanon, IL is $200,500 (about $131 per square foot).
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