Lebanon, NJ 08833 Real Estate Market Report

Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Market Metrics

The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Rental Market

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

Property Taxes

Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

Market Trends & Context

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

Key Findings

1. The primary market value indicator is the median sold price of $746,500, which represents recent transaction activity and should be prioritized over asking prices when assessing comps in Lebanon, NJ.
2. There is a notable gap between the median listing price of $849,000 and the median sold price, which may indicate pricing friction where seller expectations exceed realized sale values; this appears alongside a sample that suggests relatively constrained active supply rather than broad market depth.
3. Despite a reported hot market temperature, the median days on market of 325 points to slower sales velocity for some listings and may reflect outlier properties or mismatches between list pricing and buyer willingness to transact; pricing and condition alignment may accelerate liquidity.
4. Market-level price and financing context is supportive but mixed: the price year-over-year trend is up and the market temperature is hot (strong seller conditions), while interest rate pressure is moderate (caution on financing); note also the property comparison that current 30-year fixed mortgage rates average 6.53%, which is 0.55% higher than the 5.98% rate observed earlier in 2026, a factor buyers will weigh on affordability.

Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.