Is West Lebanon, IN 47991 a buyer’s or seller’s market?

3 months ending August 31, 2026 · Source: Redfin

West Lebanon is a balanced market. With about null months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.

Months of supply—Under 4 months = seller’s market

Sold above original list—Share of sales, last 3 months

Median sale-to-list—Sold price ÷ list price

Median days on market—Listing to accepted offer

Median price per sq ft—

The West Lebanon housing market right now

There haven’t been enough recent sales here for a detailed summary yet.

About the area

Warren County, IN

Population	1,371
Median income	$105,842
Average income	$97,650
Median home value	$141,100
Median rent	$604/month
Owner-occupied	64% of homes
Median year built	1973

Natural hazard riskWinter storms (relatively high), extreme heat (moderate), tornadoes (moderate)

Source: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates (household income; home value as estimated by owners), ZIP code tabulation area 47991; hazard risk from the FEMA National Risk Index for the census tracts in this ZIP code (not endorsed by FEMA).

Run the numbers for 47991

Prefilled for 47991Can I win this house?Multiple-offer likelihood for a listing Prefilled for 47991Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Ambia 47917 — /sq ft Otterbein 47970Balanced $173 /sq ft Pine Village 47975 — /sq ft Williamsport 47993Balanced $127 /sq ft Browse all markets →

Towns like West Lebanon nearby

Find towns like West Lebanon in other states →

Perrysville, IN47974 · 13 miles away79% similarolder homes Boswell, IN47921 · 18 miles away71% similaryounger residents · more homeowners Bloomingdale, IN47832 · 31 miles away68% similarlower income ($28K less) · more homeowners Potomac, IL61865 · 20 miles away60% similarlower income ($39K less) · more homeowners

Where West Lebanon is

Loading map…

Questions about West Lebanon real estate

What are property taxes in West Lebanon?

About 0.50% of a home’s value a year in Warren County, or roughly $2,000 on a $400,000 home.

Local agents

See all agents in 47991 →

No sponsored agents in 47991 yet. Are you an agent here? Put your name in front of local buyers.

Save this ZIP (free account)

More tools for 47991

Competition score Buyer leverage Negotiation room Compare with other ZIP codes True cost to buy Property taxes Closing costs Cash buyers Backup offer odds Home value Warren County property taxes Warren County loan limits Closing costs in Indiana Hottest ZIP codes in Indiana

Add this to your website

Free to use. Paste this code where you want the live widget to appear. It updates automatically. More widgets

JavaScript (recommended) iframe only

<div class="offerbacked-widget" data-widget="zip" data-zip="47991"><a href="https://offerbacked.com/market/47991">West Lebanon, IN 47991 housing market data from OfferBacked</a></div>
<script async src="https://offerbacked.com/widget.js"></script>

Sizes itself to fit. If your site builder removes scripts, use “iframe only”.

Preview Dark version

Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology