Is Lebanon, TN 37087 a buyer’s or seller’s market?

The Lebanon housing market right now

In the three months ending August 31, 2026, 11% of homes in Lebanon, TN 37087 sold above their list price, the typical home went under contract in 67 days and there were 4.4 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. That’s based on 322 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 17%, homes sold faster (71 days then) and the median sale price rose 4% to $446,807. Overall, Lebanon is less competitive than a year ago, which gives buyers more room.

Within Wilson County, homes here sell faster than in 75% of the county’s ZIP codes, and sell more often over asking than in 50%. On our competition score, Lebanon ranks #154 of 299 TN ZIP codes with enough sales (score 29 out of 100).

Nearby, buyers who want less competition could look at Auburntown 37016 (0% sold over asking) or Watertown 37184 (7% sold over asking), while Mount Juliet 37122 (15% sold over asking) is even more competitive.