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Saturday, November 2, 2024

Lebanon home prices rose in the first half of 2022

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The median sale price of a home sold in the first half of 2022 in Lebanon rose by $10,750 while total sales increased by 28.6 percent, according to BlockShopper.com.

From January through June, there were 54 homes sold, with a median sale price of $159,500 - a 7.2 percent increase over the $148,750 median sale price for the same period of the previous year. There were 42 homes sold in Lebanon in the first half of 2021.

The median sales tax in Lebanon for the most recent year with available data, 2019, was $2,939, approximately 1.8 percent of the median home sale price for the first half of 2022.

The following table compares Lebanon to other St. Clair County cities with similar median sale prices in the first half of 2022:

CityJanuary - June 2022 Home SalesJanuary - June 2021 Home Sales% change (Total Home Sales)January - June 2022 Median Sales PriceJanuary - June 2021 Median Sales Price% change (Median Sales Price)
Briar Hill105100$200,750$210,000-4.4
Millstadt3036-16.7$200,000$210,000-4.8
Freeburg3045-33.3$170,000$154,9009.7
St. Libory63100$162,500$135,00020.4
Collinsville2630-13.3$160,000$115,00039.1
Lebanon544228.6$159,500$148,7507.2
Fairview Heights170176-3.4$150,000$131,00014.5
Oak Hills24-50$137,500$119,75014.8
Belleville682707-3.5$120,500$110,0009.5
New Athens2224-8.3$105,000$88,00019.3
Caseyville544910.2$99,500$90,00010.6

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