Lebanon Housing Market Report May 2025•Marion County, Kentucky

hero building illustration for mobile

Housing Prices in Lebanon, KY

How much do homes in Lebanon, KY cost?

Housing Market Conditions

Is Lebanon, KY a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Lebanon is a Seller's Market

Difference Since May 2024

Since last year, Lebanon has remained a Seller's Market.

Insight

Lebanon is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$207,500$169/SqFt
+$38,500
+22.8%

Based on all homes sold in the last 12 months

Insight

Homes in Lebanon have sold for 22.8% more than they did a year ago.

Summary: The median home sold price in Lebanon was $207,500 in May 2025, up 22.8% from last year, and the median price per square foot was $169.

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsMay 2024May 2025Change YoY
1--
N/A
2$109K$69K
-36.7%
3$169K$199K
+17.8%
4$256K$295K
+15.2%
5$150K-
N/A

Summary: Lebanon housing price by bedroom type for May 2025, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes decreased by -36.7%. The home price for 3 bedroom homes increased by +17.8%. The home price for 4 bedroom homes increased by +15.2%. The home price for 5 bedroom homes did not change.

How does Lebanon, KY compare with other places?

Market comparison tool

Data and numbers shown are subject to change and may vary based on different timeframes.

Lebanon, KY

Housing supply in Lebanon, KY

How many homes are available in Lebanon, KY?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
15Last MonthMay 2025
172 months agoApr 2025
-11.8 %
Change MoMApr – May

Summary: The Lebanon real estate market had 15 homes for sale in May 2025, a 11.8 % decrease compared to Apr 2025.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
5Last MonthMay 2025
52 months agoApr 2025
0.0 %
Change MoMApr – May

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsApr 2025May 2025Change MoM
100
0.0%
211
0.0%
31111
0.0%
453
-40.0%
500
0.0%

Summary: Lebanon housing inventory by bedroom type for May 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes remained the same. The inventory for 3 bedroom homes remained the same. The inventory for 4 bedroom homes decreased by -40.0%. The inventory for 5 bedroom homes remained the same.

Asking Price vs. Sold Price

How much do homes in Lebanon, KY cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price1 Home

At Asking Price1 Home

Under Asking Price3 Homes

Insight

If you're buying a home in Lebanon, you may be able to get a good deal. 60% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Lebanon in May 2025, the same as the previous month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and and 20% were sold over asking.

Days on Market for Lebanon, KY

How long does it take to sell a home in Lebanon, KY?

Breakdown of Home Sale Times

Under 30 Days1 Home

30 – 90 Days0 Home

Over 90 Days0 Home

Insight

Many homes in Lebanon are selling fast, if you're buying plan to act quickly.

Summary: During May 2025, 5 homes were sold in Lebanon; 20% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
8 DaysThis YearMay 2025
10 Days1 year agoMay 2024
-20.0 %
Change YoYMay 2024 – May 2025

Summary: Homes in Lebanon had an average listing age of 8 days in May 2025, down by 20.0% compared to the previous year.

Connect With An Agent

Local real estate agents are ready to help you find a home here

Sell My Home

Sell your home with an expert or get the job done on your own.

Get Approved

Get a customizable mortgage solution based on today's rates.

Newest Listings in Lebanon, KY

What homes are available in Lebanon, KY?

See More Listings

Nearby markets

Nearby markets aren't available for Lebanon, KY

Popular Cities with Homes for Sale in Kentucky

MLS Disclaimers and Copyright

Based on information from Metro Search MLS, for the period 06/01/2023 - 06/01/2025

IDX The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of Metro Search, Inc. Real estate listings held by other Brokerage firms are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about them includes the name of the listing IDX Brokers. The Broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. 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. Information deemed reliable but not guaranteed. Copyright © 2025 Metro Search, Inc. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/28/2025, 3:40:33 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.