Is Lebanon, IL 62254 a buyer’s or seller’s market?

The Lebanon housing market right now

In the three months ending August 31, 2026, 30% of homes in Lebanon, IL 62254 sold above their list price, the typical home went under contract in 41 days and there were 1.8 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 28 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 37%, homes sold faster (54 days then) and the median sale price fell 20% to $204,578. Overall, Lebanon is about as competitive as it was a year ago.

Within St. Clair County, homes here sell more slowly than in 67% of the county’s ZIP codes, and sell less often over asking than in 54%. On our competition score, Lebanon ranks #222 of 464 IL ZIP codes with enough sales (score 67 out of 100).

Nearby, buyers who want less competition could look at Summerfield 62289 (0% sold over asking) or Saint Libory 62282 (0% sold over asking), while East Carondelet 62240 (75% sold over asking) and Freeburg 62243 (57% sold over asking) are even more competitive.