Is Lebanon, KY 40033 a buyer’s or seller’s market?
Lebanon is a seller’s market. With about 2.1 months of supply and 22% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
The Lebanon housing market right now
In the three months ending August 31, 2026, 22% of homes in Lebanon, KY 40033 sold above their list price, the typical home went under contract in 51 days and there were 2.1 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 9 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking rose from 0%, homes sold about as fast and the median sale price fell 2% to $190,418. Overall, Lebanon is more competitive than a year ago, so tougher for buyers.
Nearby, buyers who want less competition could look at Raywick 40060 (0% sold over asking) or Loretto 40037 (0% sold over asking).
Run the numbers for 40033
Nearby markets
Bradfordsville 40009 — /sq ftGravel Switch 40328 — /sq ftLoretto 40037Seller’s market $139 /sq ftRaywick 40060Seller’s market $271 /sq ft Browse all markets →Towns like Lebanon nearby
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Questions about Lebanon real estate
Is Lebanon a buyer’s or seller’s market?
A seller’s market: there were 2.1 months of supply in Lebanon, KY 40033 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 51 days in the latest three months.
Do homes in Lebanon sell over asking?
22% of homes sold above their original list price, and the typical sale closed at 94.4% of the list price.
What are property taxes in Lebanon?
About 0.69% of a home’s value a year in Marion County, or roughly $2,760 on a $400,000 home.
What is the median home price in Lebanon?
The median sale price was $190,418 in the three months ending August 31, 2026, about $137 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