Lebanon, TN
Housing market overview · Updated weekly
$366,000median sale price
Homes sold
66
Last 12 weeks
Days on market
111
Average pace
Active listings
372
5.6 months supply
Sale-to-list
98.7%
Below asking
The Lebanon housing market is currently classified as a buyer's market with a median sale price of $366,000. Prices have fallen 9.0% compared to last year, with homes spending an average of 111 days on market, indicating 5.6 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.
Market trends
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Frequently asked questions
What is the average home price in Lebanon?
The median home sale price in Lebanon is $366,000, down 9.0% from last year.
How long do homes stay on market in Lebanon?
Homes typically spend 111 days on market before going under contract.
Is Lebanon a buyer's or seller's market?
With 5.6 months of supply, Lebanon is currently a buyer's market.
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