Mermaid House Hotel · Photo: Robert Lawton · CC BY-SA 2.564 homes sold in Lebanon in the last year, at a typical $214K
Almost every sale is a house. Below: what each kind of home sells for, what your budget buys, the best months to buy, how hard you’ll have to bid, and a shortcut to every site where Lebanon homes are listed.
Every place Lebanon homes are listed, in one stop
We don’t copy listings: the agents’ sites have the photos and the latest price changes. Set what you want once and we open each site already filtered to Lebanon.
For sale
Rent
New, land & open houses
Links open the listing sites; TownRatings isn’t paid for them and doesn’t rank one above another. Rentals and government-owned homes come from sources outside the MLS.
Houses are 98% of Lebanon’s sales, at a typical $216K
64 homes sold in the year to May 2026.
typical sale · 63 sold in 12 months
- Per square foot
- $129IL $180
- Days to sell
- 50
- Sold over asking
- 38%
- Listings with a price cut
- 27%
Multi-family (2–4 units): 1 sold, typical $138K
Too few sales in 12 months for reliable figures.
About as many homes sell as usual, at 1.8 times the 2016 price
64 sales in the last year, against 85 in 2022 and a low of 41 in 2013. The typical sale went from $117K in 2016 to $214K.
Source: Redfin Data Center, MLS sales. Typical price and $/sq ft are the monthly medians, weighted by sales.
What $200K buys in Lebanon
Check a listing against what Lebanon homes sold for
Against the town’s median price per square foot over the last 12 months. A rough check: condition, lot and location within town move a price more than this can see.
Bidding wars in Lebanon are more common than before the pandemic, but half fewer homes come up for sale
We read every month of Lebanon’s home sales since 2013 so you don’t have to. Each figure covers 12 months, because a single month in a town is too few sales to mean much. Latest: the year to May 2026, 64 sales.
If you’re buying in Lebanon
- Shop in May. It brings about 8 new listings a month, close to the busiest month, with fewer bidding wars (26% over asking).
- Some room to negotiate. 27% of listings cut their price, about as many as before the pandemic.
- Bid near asking. Buyers paid 99.3% of the list price on average; 37% paid over.
Spring brings the homes; summer brings the bidding wars
May has the most new listings (about 8 a month), but June is the most competitive: 32% of June sales close over asking. November has the least competition (16%) but only about 4 new listings.
Averages for each calendar month, 2015 on.
Calmer than the 2021 frenzy, and about like Illinois as a whole
| Lebanon now | 2017–19 | 2021 peak | IL now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 37% | 13% | 49% | 37% |
| Gone within two weeksShare of homes under contract within 14 days | — | — | — | 46% |
| Listings with a price cutShare of homes for sale that cut their price | 27% | 25% | 27% | 19% |
| Price paid vs. askingAverage sale price ÷ list price | 99.3% | 96.5% | 100% | 99.2% |
| Days to sellMedian days from listing to contract | 51 | 82 | 43 | 49 |
10 homes for sale on a typical day
That’s 1.4 times the 2023 low (7), 54% fewer than in 2017–19 and well under 2014’s 25.
1 in 4 listings has cut its price
27% in the last year, against 25% in 2017–19 and 19% across Illinois.
Lebanon ranks 171st of 324 busy Illinois markets for bidding wars
Share of sales over asking in the last year, among towns with 60 or more sales. Lebanon is in the middle of the pack.
Source: Redfin Data Center, city market tracker, January 2013 to May 2026 (MLS sales, not seasonally adjusted). Ratios are weighted by homes sold; price cuts by homes for sale.
Owning the typical Lebanon home costs about $1,485 a month
Price: Lebanon’s typical sale, last 12 months. Property tax at Lebanon’s 2.1% (median bill ÷ median value, Census ACS); insurance at 0.35% of price a year. Before PMI, HOA dues, upkeep and the tax deduction. Whether Lebanon is affordable on local pay is on Cost of living.
Six things worth knowing
New listings in May
The month with the most choice. December has the fewest, about 2.
Best time to buyProperty tax, a year
Of a home’s value: the median bill over the median home value. On a $214K home, about $4,420 a year.
Taxes vs. neighborsSchools
The schools grade for Lebanon, from test results, graduation and how much students grow.
Schools in LebanonCheck the flood map
Flood insurance isn’t in a standard policy, and lenders require it in FEMA flood zones. Check the address before you make an offer.
Natural hazardsLook up any property
Assessed value, lot size and every past sale of a home you’re eyeing are public, at the town or county assessor and the registry of deeds.
Trenton sells for less a square foot
The busier markets within 25 miles of Lebanon, by what sold. Prices, taxes and how far a paycheck goes next door are on Cost of living.
| Sold | Typical sale | $/sq ft | Over asking | Days to sell | |
|---|---|---|---|---|---|
| O'Fallon | 480 | $349K | $148 | 41% | 38 |
| Swansea | 188 | $284K | $129 | 36% | 42 |
| Shiloh | 186 | $357K | $147 | 48% | 48 |
| Mascoutah | 157 | $291K | $150 | 45% | 36 |
| Caseyville Township | 70 | $270K | $146 | 30% | 83 |
| Lebanon | 64 | $214K | $129 | 37% | 51 |
| Trenton | 37 | $205K | $118 | 32% | 77 |
Redfin Data Center, June 2025 to May 2026. Towns with fewer than 20 sales are left out, and Redfin doesn’t report every town separately.
Post your home to Lebanon, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Lebanon. People who follow the town see it, and so do people comparing Lebanon with their own town. No commission, no listing fee.
Questions about buying a home in Lebanon
What do homes sell for in Lebanon, IL?
64 homes sold in the year to May 2026 at a typical $214K, $129 a square foot.
Is Lebanon a buyer’s or seller’s market?
A seller’s market: 13 homes were for sale in May 2026 and 9 sold, about 1.4 months of supply. Buyers paid 99.3% of asking on average, and 27% of listings cut their price.
When is the best time to buy in Lebanon?
May brings the most new listings. The sales history shows which months have fewer bidding wars.
How much are property taxes in Lebanon?
About 2.1% of a home’s value a year. On a $214K home that’s near $4,420.
Where can I see homes for sale in Lebanon?
Zillow, Redfin, Realtor.com and Homes.com all carry Lebanon’s MLS listings; the search links above open each one filtered to Lebanon.
Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted). Property tax rate: Census American Community Survey. Two-bedroom rent: HUD Fair Market Rent. Typical home value: Zillow Home Value Index. Schools grade: TownRatings (how grades work).