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Featured local agent — Lebanon, TN
Sarah Mitchell
Compass Real Estate · Lebanon, TN
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Lebanon, TN Housing Market & Real Estate
Housing market overview · Updated monthly ·
$424,450median sale price
How is the Lebanon, TN housing market right now?
The median home sale price in Lebanon, TN is $424,450, up 4.5% year-over-year. Homes sell in an average of 67 days with 411 active listings. The market is currently a balanced 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, TN is currently a balanced market, based on 3.7 months of supply and homes selling in about 67 days. How we determine this →
Homes sold
112
Last 12 weeks
Days on market
67
Average pace
Active listings
411
3.7 months supply
Sale-to-list
98.7%
Below asking
What does the Lebanon housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $424,450 |
| Median list price | $424,900 |
| Year-over-year price change | +4.5% |
| Average days on market | 67 days |
| Active inventory | 411 listings |
| Months of supply | 3.7 months |
| Sale-to-list price ratio | 98.7% |
| Median price per sq ft | $216/sq ft |
| Homes sold (latest month) | 112 |
| New listings (latest month) | 124 |
| Listings with a price cut | 26.5% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Lebanon by property type?
How the Lebanon, TN market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $444,900 | $222/sq ft | 85 | 63 days |
| Condo / Co-op | $369,900 | $218/sq ft | 3 | 156 days |
| Townhouse | $310,000 | $194/sq ft | 24 | 76 days |
Source: Redfin · Updated monthly
The Lebanon housing market is currently classified as a balanced market with a median sale price of $424,450. Prices have risen 4.5% compared to last year, with homes spending an average of 67 days on market, indicating 3.7 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 6.3x provides context for how home values compare to local earning capacity.
Homes for sale in Lebanon
There are currently 411 homes listed for sale in Lebanon, Tennessee. The median listing price is $425K.
Active listings
411
Homes on market
Median list price
$425K
Avg. days on market
67
Days until sale
New this week
124
Newly listed
Who lives in Lebanon?
Population
41,951
Median income
$71,320/yr
Median age
35.7 years
Owner-occupied
60.2%
College grads
30.0%
Avg commute
26.1 min
Source: U.S. Census Bureau ACS
What are homes worth in Lebanon?
Zillow home value
$451,681
Zillow rent index
$1,704/mo
Price-to-rent ratio
22.1x
Price-to-income
6.3x
Source: Zillow Research
What is it like to live in Lebanon?
Lebanon is a community of approximately 42K residents with a median age of 35.7 years.The median household income is $71,320, which represents a working-class community with solid middle-income opportunities. 30.0% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 60.2%, showing a blend of owner and renter-occupied properties. The average commute time is 26.1 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?
15 schools tracked · 9,922 students
The largest public schools serving Lebanon, TN 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 High School
Grades 9-12 · 1,808 students
Wilson Central High School
Grades 9-12 · 1,625 students
Southside Elementary
Grades PK-8 · 772 students
Carroll Oakland Elementary
Grades PK-8 · 747 students
Sam Houston Elementary
Grades PK-5 · 702 students
Walter J. Baird Middle School
Grades 6-8 · 698 students
Jones Brummett Elementary School
Grades PK-5 · 650 students
Castle Heights Elementary
Grades PK-5 · 647 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, TN?
Want a head-to-head view? Compare Lebanon side-by-side with any other U.S. city using our market-comparison tool.
Is Lebanon a good real estate investment market?
For investors evaluating Lebanon, the price-to-rent ratio of 22.1x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has appreciated 4.5% year-over-year, reflecting ongoing demand and value growth.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Lebanon's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Lebanon's median home price.
Frequently asked questions
What is the average home price in Lebanon?
The median home sale price in Lebanon is $424,450, up 4.5% from last year.
How long do homes stay on market in Lebanon?
Homes typically spend 67 days on market before going under contract.
What is the median income in Lebanon?
The median household income is $71,320 per year.
Is Lebanon a buyer's or seller's market?
With 3.7 months of supply, Lebanon is currently a balanced market.
What is the Zillow home value estimate for Lebanon?
The Zillow Home Value Index (ZHVI) for Lebanon is $451,681, representing the typical home value in the area.
What is the median condo price in Lebanon?
The median condo/co-op sale price in Lebanon, TN is $369,900, compared to $444,900 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Lebanon?
The median single-family home price in Lebanon, TN is $444,900 (about $222 per square foot).
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