Is Lebanon, OR 97355 a buyer’s or seller’s market?

The Lebanon housing market right now

In the three months ending August 31, 2026, 26% of homes in Lebanon, OR 97355 sold above their list price, the typical home went under contract in 76 days and there were 5.3 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 74 home sales.

Compared with the same period a year earlier, the share selling over asking was about the same (27% then), homes sold more slowly (60 days then) and the median sale price held steady to $404,825. Overall, Lebanon is less competitive than a year ago, which gives buyers more room.

Within Linn County, homes here sell more slowly than in 67% of the county’s ZIP codes, and sell more often over asking than in 62%. On our competition score, Lebanon ranks #115 of 170 OR ZIP codes with enough sales (score 39 out of 100).

Nearby, buyers who want less competition could look at Idanha 97350 (0% sold over asking) or Foster 97345 (0% sold over asking), while Halsey 97348 (67% sold over asking) and Tangent 97389 (67% sold over asking) are even more competitive.