Lebanon, TN 37087 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

Key Findings

1. The primary market indicator is the median sold price: 427,500, which represents the most reliable measure of recent transaction activity and suggests current market value for single-family and condominium properties in ZIP 37087.
2. There is a notable spread between the median listing price: 525,000 and the median sold price, which may indicate pricing friction as sellers’ asking expectations exceed recent transaction levels; combined with a median days on market: 145, this suggests slower sales velocity and that pricing adjustments may be required to accelerate transactions. moderate caution
3. Local pricing momentum shows the price year-over-year trend: up while the market temperature: neutral, indicating gradual appreciation within an otherwise balanced market environment; sellers should price competitively to capture the upward trend without overreaching. up
4. Rental dynamics are strengthening—median market rent: 1,950 alongside a rent year-over-year trend: up—which supports landlord demand and may increase investor interest, though elevated borrowing costs (interest rate pressure: elevated) could constrain acquisition activity. elevated

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.