Lebanon, TN Housing Market & Real Estate
Housing market overview · Updated weekly ·
Quick answer: The median home sale price in Lebanon, TN is $366,000, down 9.0% year-over-year. Homes sell in an average of 111 days with 372 active listings. The market is currently a buyer's market.
$366,000median sale price
Is Lebanon a buyer's or seller's market?
Lebanon, TN is currently a buyer's market, based on 5.6 months of supply and homes selling in about 111 days. How we determine this →
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
Lebanon, TN market data
| Metric | Value |
|---|---|
| Median sale price | $366,000 |
| Median list price | $414,945 |
| Year-over-year price change | -9.0% |
| Average days on market | 111 days |
| Active inventory | 372 listings |
| Months of supply | 5.6 months |
| Sale-to-list price ratio | 98.7% |
| Market condition | Buyer's market |
Source: Redfin · Updated weekly
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
Homes for sale in Lebanon
There are currently 372 homes listed for sale in Lebanon, Tennessee. The median listing price is $415K.
Active listings
372
Homes on market
Median list price
$415K
Avg. days on market
111
Days until sale
New this week
116
Newly listed
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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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