Is Lebanon, VA 24266 a buyer’s or seller’s market?
Lebanon is a buyer’s market. With about 6.4 months of supply, buyers usually have more time and more room to negotiate on price and terms.
More competitive than 2% of U.S. ZIP codes, and #358 of 358 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Lebanon housing market right now
In the three months ending August 31, 2026, 0% of homes in Lebanon, VA 24266 sold above their list price, the typical home went under contract in 65 days and there were 6.4 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. That’s based on 16 home sales.
Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold faster (74 days then) and the median sale price rose 15% to $243,570. Overall, Lebanon is more competitive than a year ago, so tougher for buyers.
On our competition score, Lebanon ranks #358 of 358 VA ZIP codes with enough sales (score 7 out of 100).
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Nearby markets
Castlewood 24224Balanced $112 /sq ftCleveland 24225Buyer’s market $252 /sq ftHonaker 24260Buyer’s market $141 /sq ftRosedale 24280 — /sq ft Browse all markets →Towns like Lebanon nearby
Find towns like Lebanon in other states →Where Lebanon is
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Questions about Lebanon real estate
Is Lebanon a buyer’s or seller’s market?
A buyer’s market: there were 6.4 months of supply in Lebanon, VA 24266 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Lebanon?
The typical home went under contract in 65 days in the latest three months.
Do homes in Lebanon sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 93.1% of the list price.
What are property taxes in Lebanon?
About 0.48% of a home’s value a year in Russell County, or roughly $1,920 on a $400,000 home.
What is the median home price in Lebanon?
The median sale price was $243,570 in the three months ending August 31, 2026, about $135 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology