Rising Sun-Lebanon Real Estate Market Struggles to Home Sales Low Point

Sales in the Rising Sun-Lebanon market hit their lowest level since April. For the prior 30-day period, there was one home sold, a decrease of 50.0%. In comparison, Dover had 38 sales in the same time frame, the most of all nearby cities. However, a three-week upward trend in pending transactions is expected to continue over the coming weeks. The median sales price rose to $367,500 over the latest reporting period for Rising Sun-Lebanon, up from $323,750. A downturn in sales, coupled with the availability of 33 months of inventory, prove that Rising Sun-Lebanon is a definite buyer's market.

If you don't want to spend too much for a home, start by taking a look a these affordable listings in Rising Sun-Lebanon:

$127K   $130K   $131K  

Get started right now by checking out Rising Sun-Lebanon homes for sale or reviewing Rising Sun-Lebanon real estate trends.

Demographic facts for Rising Sun-Lebanon:

  • The median house value here is $174,900.
  • This area usually gets 114 rainy days each year. (U.S. average: 100)
  • The unemployment rate for this area is 6.8%.
  • The students per teacher ratio in this area is 15.3:1. (15.3:1 = national average)

Data reported through 10/12/2016

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