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Kathy S. Koops GRI

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Lebanon Ohio Real Estate

filed under: Real Estate posted on October 17th, 2015

Lebanon City SchoolsLebanon Ohio real estate continues to sell.  This time some of data covers homes and condos located withing the Lebanon School District.  The area has pockets of new construction for homes and condos- but the bulk of the single family homes are resales- some more historic than others.

The lastest data from the Multiple Listing Service of Greater Cincinnati is for homes and condos listed and sold through the CincyMLS-( not all new construction is included -because additional data must be pulled from public records) The data is for 01/01/15- 10/14/15:

Lebanon School District

  Single Family Homes Condos
# Active Listings 148 14
# Pending Listings 62 1
# Sold/Closed Listings 374 25

The average list price for single family homes is $245,636 and the average sale price – $211,636 (-14% difference).  In the condo market the average list price is $154,029 and an average sale price of $151,669  (-2%).  As the pending sales and closings slow down in the winter months -sellers need to be on top of pricing.

Lebanon HomeSearch

The charts below show list price versus sale prices for single family home sales for the city of Lebanon during the first 10.5 months of 2015:
Lebanon Ohio

Lebanon condo sales versus list prices:
Condos in Lebanon Ohio

The average sale prices are higher than the average list prices because many of the sales come from new construction…and most buyers add options to personalize….driving the final sale price up.

The highest priced sale this year $895,000 on US Rt 42 and the highest priced condo for $306,326 on Horsehoe Falls.    Some buyers are willing to wait until next year in order to find the home of the their dreams. –Call/Txt  and get all the up-to-date real estate information before making any decisions.

 

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