$1.8M  
The Rising Sun-Lebanon market saw sales decline 11.1% this week but it is currently in the midst of an emerging upward sales trend, including eight homes sold over the last 30 days. The median sales price dropped to $244,500, potentially helping to offset the four months of inventory left to be sold.
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Rising Sun-Lebanon is a larger than average city in Delaware with 3,391 residents. Also, it has seen a 54.5% increase in population over the last 10 years. Detached homes account for 100% of the area's current housing market. Leading the list of best schools in the city are Star Hill Elementary School and F. Niel Postlethwait Middle School.
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$295K  
The number of home sales in the Rising Sun-Lebanon market climbed 12.5% to nine homes over the last 30 days, above the 4.1 monthly average. To put it in perspective, close-by Dover registered 34 homes sold in the same time frame, the most of all surrounding cities. The median sales price dropped to $250,000, down from last week's $287,500. With just three months of inventory available and sales going up, Rising Sun-Lebanon is a seller's market.
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$1.8M  
The Rising Sun-Lebanon market pulled back this week but was still better than normal as sales dropped 12.5% to seven homes sold over the last 30 days. Meanwhile, close-by Dover reported 35 homes sales, the highest number from all the surrounding cities. Potential buyers should take note that the median sales price in Rising Sun-Lebanon jumped to $325,000 and that there are four months of inventory still available.
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$359K  
The Rising Sun-Lebanon market saw sales remain steady this week at seven homes sold over the last 30 days, while it undergoes a budding downward trend in price reductions, with five in the same time frame. The median sales price in Rising Sun-Lebanon rose to $280,900 while months of inventory was flat at four.
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$234K  
A four-week downward trend in the number of homes sold was extended this week after the Rising Sun-Lebanon market had six transactions over the last 30 days. With five price reductions, the lowest amount since March, the market may be looking for a higher price point. During the same time frame, Dover had the most of any other neighboring municipalities with 43 price reductions. Potential buyers should note that prices went up in Rising Sun-Lebanon, with the median for this period rising from $250,800 to $261,800.
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$174K  
Despite a 20.0% increase in sales numbers this week to reach six homes sold over the last 30 days, the Rising Sun-Lebanon market still shows a recent trend downward overall. All indications show that the trend may be coming to an end, meaning more sales over the next few weeks. A months of inventory number of four reported this week continued a four-week upward trend, to go along with the weak sales in the area.
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$174K  
Despite a recent downward trend in sellers reducing price, including eight markdowns over the last 30 days, sales in the Rising Sun-Lebanon market rose to five over the same stretch of time. The median sales price rose dramatically to $228,000, up from last week's $156,800.
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Rising Sun-Lebanon has a population that is much older than most in Delaware with a median age of 32 years. Also, it's somewhat affluent with a median income of $55,843 per household. With an ownership ratio of 57.3%, most people in Rising Sun-Lebanon are homeowners. The top schools in the city are Star Hill Elementary School and F. Niel Postlethwait Middle School.
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$354K  
The Rising Sun-Lebanon market broke below its 12-month average sales volume this week as sales slid 50.0% to hit two homes sold over the last 30 days. On the other hand, close-by Dover registered 28 homes sold in the same time frame, the most of all surrounding cities. Prices are falling in Rising Sun-Lebanon, and this period the median price of all sales fell from $213,750 to $156,800. Along with the slip in sales, a relatively high 12 months of inventory indicates that Rising Sun-Lebanon is a strong buyer's market.
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Snapped 1 home in this area
RE/Max Horizons
Snapped 1 home in this area

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