Warren County Ohio Real Estate News and Observations: What's My Lebanon Ohio Home Worth? February 2019 Update

What's My Lebanon Ohio Home Worth? February 2019 Update

Another month in the books!  We're still in the slower part of the real estate year but there are some signs the Lebanon Ohio real estate market is heading for the usual Spring thaw.  Read below to get the full details! 

We offer links at the bottom of the post to search Cincinnati MLS listed Lebanon Ohio homes for sale, and if you want specifics for What Is My Lebanon Ohio Home Worth?, please click that link and fill out the form.  We'll get back to you shortly with the latest info that applies to YOUR home! 

All data is derived from the Cincinnati MLS system.  If any Lebanon single family homes homes traded hands without a REALTOR® involved, then it won't be reflected in this report. All data is for the Lebanon School District area, so is not limited solely to Lebanon city limits. 

 
A Lebanon Ohio home we have for sale Some reasons why Lebanon Ohio is a great place to live:

  • Named one of Ohio magazine's Top 5 Hometowns for 2012
  • HUGE YMCA
  • Ready access to Cincinnati and Dayton
  • A cool historic downtown area
  • Host to an abundance of festivals throughout the year
  • The cost of living in Lebanon is more affordable than some other Warren County communities
  • A full range of housing price points, from below 100k to some estate homes under a million dollars. 
  • There is still new construction available, but you can pick any age from historic to brand new.

Countryside of Lebanon Ohio 45036

Countryside, a pool community of Lebanon Ohio

So on to the review, first up, completed sales!
Lebanon Ohio Residential Home Market Report
Next is the Lebanon median price summary chart.
Lebanon Single Family Home Market Report

 

Lebanon 45036 Single Family Home Category Data Summary

Homes Sold:  20 (0 Bank/Government Owned, 0 Short Sale, 1 New Construction) NO CHANGE IN TOTAL SOLD

Average Price:  $227,154 DOWN $35k

Median Price:  $210,000 DOWN $16.5k 

Days on Market Average:  44 DOWN 14 (Median 23 days)

Homes Active 3/6/19  74 DOWN 14

Homes Pending 3/6/19: 64 UP 28

Sales/List %:  98.3%  SAME

Most Expensive Home Sold:  $562,000

Least Expensive Home Sold:  $100,000

 

So what are the key takeaways from this month's numbers? 

  • Basically, a typical February for Lebanon.  The sold volume is right in the normal range, and the median price is almost the same as the prior 2 years. 
  • The price drops reverse a price bump from the previous month, so nothing alarming there, it's just the normal swings when volumes are lower and more easily influenced.
  • The number of homes under contract jumped significantly, to the point that the number of home for sale not under contract dropped.
  • Time to sell decreased. 
  • 5 homes sold for more than $300,000 and of those 5 only 1 was over $400,000.   
  • New construction sales accounted for 1 of the 20 sales and 28 of the 74 for sale.
  • Distressed properties were nonexistent this month.  None for sale and not under contract and none completed sale.       

Lebanon Ohio homes for sale

So what does this mean to you as a Lebanon single family home owner? 

This is still the slower time of year but look at that Pending number and you know the market is picking up steam.  If a buyer needs a Lebanon home the limited inventory works in the seller's favor.   That doesn't mean a home that is in poor condition or not priced right will still sell.  

Give us a call and we can meet and determine what is best for your personal circumstances. 

You're not going up against significant new construction in MOST communities, but places like Shaker Run and Trails of Shaker Run new construction do challenge your ability to sell.

And if you're not quite ready to enter the market, it's the PERFECT time to meet with us and get your To Do list ready to have your home optimally ready for when you ARE ready to sell your home! 

For an evaluation of your specific home's marketability, please contact us 513-520-5305. 

 

So what does this mean to you as a potential Lebanon home buyer? 

Inventory is TIGHT!  Watch for new homes for sale that fit your needs, but you STILL need to ACT quickly despite the longer time on market for most sellers.

The selection of foreclosed/short sale homes is minimal to nonexistent, so don't count on finding one to buy, much less one in good condition.    

When you're considering buying a Lebanon home, please contact us 513-520-5305 or Liz@LizSpear.com with your needs and we'll help you find the right community for you! You can use the links below to review Cincinnati MLS homes listed in Lebanon for each of three price bands.

Search Lebanon Ohio 45036 Homes For Sale Under $200,000

Search Lebanon Ohio 45036 Homes For Sale $200,000 to $400,000

Search Lebanon Ohio 45036 Homes For Sale $400,000 and Up

Serving Lebanon's home buyers and sellers,
Liz and Bill aka BLiz

Recent Market Reports:

January 2019 Lebanon Ohio Single Family Home Report

December 2018 Lebanon Ohio Single Family Home Report

November 2018 Lebanon Ohio Single Family Home Report

October 2018 Lebanon Ohio Single Family Home Report

September 2018 Lebanon Ohio Single Family Home Report

August 2018 Lebanon Ohio Single Family Home Report

July 2018 Lebanon Ohio Single Family Home Report

June 2018 Lebanon Ohio Single Family Home Report

May 2018 Lebanon Ohio Single Family Home Report

April 2018 Lebanon Ohio Single Family Home Report

March 2018 Lebanon Ohio Single Family Home Report

February 2018 Lebanon Ohio Single Family Home Report

January 2018 Lebanon Ohio Single Family Home Report

 

 

Serving Warren County Ohio & Adjacent Areas

 

The Liz Spear Team of RE/MAX Elite
Elizabeth Spear, ABR, CRS, Ohio License SAL.2002007747

William (Bill) Spear, CRS, Ohio License SAL.2004011109  Kentucky 77938
Ask for us by name if you visit the office!

EHO Two locations: Lebanon & Mason, OH
Bill Direct:  513-520-5305
Liz Direct: 513-265-3004     
Fax: 866-302-8418

MailTo:  Liz@LizSpear.com

Search Homes:  Https://WarrenCountyOhioRealEstate.com

Our Website:  www.LizTour.com

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Comment balloon 1 commentLiz and Bill Spear • March 07 2019 12:57AM

Comments

Good morning Liz and Bill. I got Lebanon covered. I have your phone number! Enjoy your day!

Posted by Wayne Martin, Real Estate Broker - Retired (Wayne M Martin) 14 days ago

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