Lebanon, TN 37087 Real Estate Market Report

ZIP Code: 37087
Report Date: April 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

The real estate market in Lebanon, TN is currently characterized by a median sold price of $417,000, reflecting a market that has seen a down trend in prices. This indicates a potential adjustment phase as the market stabilizes. The median days on market stands at 162 days, suggesting a slower sales velocity and a need for sellers to be more competitive in their pricing strategies.

Despite the elevated inventory levels relative to sales activity, the market remains influenced by strong population growth, which continues to drive demand. The median listing price of $539,900 indicates a significant gap between asking and sold prices, which may create pricing friction for sellers. Overall, the market temperature is neutral, indicating a balanced environment where buyers and sellers are adjusting to current conditions.

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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

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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 Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Lebanon, TN are averaging 6.43% as of March 2026, which is 0.2% higher than the average rate of 6.23% seen in February 2026.

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

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Key Findings

1. The median sold price of $417,000 indicates a market that has seen a down trend in pricing, suggesting potential adjustments ahead.

2. With a median days on market of 162 days, the market is experiencing slower sales velocity, requiring sellers to adopt competitive pricing strategies.

3. The median listing price of $539,900 creates a notable gap compared to the sold price, indicating potential pricing friction for sellers.

4. The market temperature remains neutral, reflecting a balanced environment where both buyers and sellers are adjusting to current conditions.

5. Elevated inventory levels suggest excess supply relative to sales activity, which may pressure pricing further.

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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.