What's My Lebanon Ohio Home Worth? May 2015
School is out. The pools are open and the weather has heated up. Did the real estate market in Lebanon pick up with the warmer weather as it typically does? Stay with us for the answer to that question.
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.
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, a pool community of Lebanon Ohio
So on to the review, first up, completed sales!
Next is the Lebanon median price summary chart.
Lebanon 45036 Single Family Home Category Data Summary:
Homes Sold: 44 (0 Bank/Government Owned, 1 Short Sale) UP 15
Average Price: $213,308 DOWN $14k
Median Price: $194,9500 UP $11k
Days on Market Average: 100 UP 10
Homes Active 6/6/15: 169 UP 5
Homes Pending 6/6/15: 80 DOWN 16
Sales/List %: 96.8% UP .5%
Most Expensive Home Sold: $496,000
Least Expensive Home Sold: $75,000
So what are the key takeaways from this month's numbers?
- A pretty solid month! A nice pick up in sales from April, and while not quite the highest May in recent years, it was close! Prices were solid too!
- Of the 44 homes sold in May, none were foreclosed and only one was a short sale. Three of the 44 homes sold BELOW $100,000 and 4 homes sold above $300,000.
- The number of homes for sale increased slightly, but it's still a tight market for inventory. Number of homes under contract dropped, but 80 still means a good June for completed sales.
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Of the 169 homes for sale not under contract, only 13 are foreclosed or short sales.
- No change in the Lebanon luxury market, STILL a tough segment of the market with no homes sold above $500k. The competition from Mason and Springboro make it tough to be a Lebanon luxury home seller.
So what does this mean to you as a Lebanon single family home owner?
We're entering the best months to be a Lebanon home seller. Fairly low inventory, solid prices, reasonable time to sell, it all adds up to work in your favor. Again, 169 homes for sale might seem like a lot, but when you factor in all the different things a buyer might want, the selection gets narrow very quickly.
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 513-265-3004 or 513-520-5305.
So what does this mean to you as a potential Lebanon home buyer?
NO REASON TO CHANGE FROM LAST MONTH: You still have a fairly limited selection of homes to pick from. Buyers have plenty of competition for the best homes and asking the seller to take too low a price or asking for extensive concessions may keep you from becoming a homeowner. 80 homes under contract should clearly tell you your competition is out there and doing the right things to claim a home as theirs!
The selection of foreclosed/short sale homes is small, and 13 total foreclosed or short sale homes listed as Active in Cincinnati MLS severely limits your choices if that category is ALL you're interested in.
When you're considering buying a Lebanon home, please contact us 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:
April 2015 Lebanon Single Family Home Report
March 2015 Lebanon Single Family Home Report
February 2015 Lebanon Single Family Home Report
January 2015 Lebanon Single Family Home Report
December 2014 Lebanon Single Family Home Report
November 2014 Lebanon Single Family Home Report
October 2014 Lebanon Single Family Home Report
September 2014 Lebanon Single Family Home Report
August 2014 Lebanon Single Family Home Report
July 2014 Lebanon Single Family Home Report
June 2014 Lebanon Single Family Home Market Report
May 2014 Lebanon Single Family Home Market Report
April 2014 Lebanon Single Family Home Market Report
March 2014 Lebanon Single Family Home Market Report
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