Lebanon, NJ 08833 Real Estate Market Report

ZIP Code: 08833
Report Date: April 2026
Market Temperature: COLD
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

The real estate market in Lebanon, NJ is currently characterized by a median sold price of $689,000, reflecting a market that has seen a down trend in prices recently. This indicates a potential adjustment in buyer expectations and market dynamics. The median days on market stands at a significant 271 days, suggesting a slower sales velocity and possibly a cooling market environment. With elevated inventory levels relative to sales activity, the market appears to be favoring buyers, allowing them to negotiate better terms and prices.

Despite the challenges in the sales market, the rental sector is experiencing a contrasting trend with a median market rent of $3,090, which is noted to be up year-over-year. This divergence may indicate a shift in demand towards rental properties as buyers navigate the current market conditions. Overall, the market temperature is classified as cold, reflecting the current dynamics of pricing and sales activity, which may require careful consideration for both buyers and sellers in their strategies.

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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.

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Market Metrics

Note: 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.

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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.

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Property Taxes

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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.

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Market Trends & Context

Understanding Market Temperature

A Cold market indicates weak buyer demand relative to available inventory, typically characterized by declining or flat prices, extended days on market, and elevated inventory levels relative to sales.

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Key Findings

1. The median sold price of $689,000 indicates a market that has experienced a down trend in pricing, suggesting potential buyer leverage.

2. With a median days on market of 271 days, the market is experiencing slower sales velocity, which may lead to pricing friction for sellers.

3. The median market rent has increased to $3,090, reflecting a growing demand in the rental sector despite the cooling sales market.

4. The market temperature is classified as cold, indicating a need for sellers to adjust expectations in light of elevated inventory levels relative to sales activity.

5. The property tax rate of 1.882% may influence buyer affordability and overall market dynamics, contributing to the moderate interest rate pressure observed.

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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.