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Lebanon, TN 37087 Housing Market

Data snapshot: August 3, 2026. Closed-sale window: last 6 months.
Lebanon, TN inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 1.56
ActiveActive listings: 4545PendingPending sales: 7070
Lebanon, TN: what sellers ask vs what buyers pay
Median asking price of current listings vs median closed sale price over the last six months
AskingMedian asking price (current listings): $515k$515kSoldMedian sold price (last 6 months): $440k$440k
What homes actually sell for in Lebanon, TN
Distribution of 896 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $335k to $585k
$226k to $326k: 166 sales$226k$326k to $427k: 203 sales203sales$427k to $527k: 183 sales$427k$527k to $628k: 96 sales$628k to $728k: 54 sales$628k$728k to $828k: 42 sales$828k to $929k: 42 sales$828k$929k to $1.03M: 20 salesMedian $440k

What the numbers say

As of August 3, 2026, Resideline is tracking 45 active listings and 70 pending sales in ZIP code 37087. That pending-to-active ratio of 1.56 points to a seller's market: buyers are absorbing inventory quickly relative to what is available.

The median asking price of current listings is $514,990, while the median of the 896 closed sales Resideline tracked over the last six months was $439,900. Those two figures describe different sets of homes, so any gap between them reflects the mix of what is listed now versus what recently sold, not a negotiating discount.

Frequently asked questions

What is the median home price in 37087?

The median closed sale price in Lebanon, TN 37087 was $439,900 over the last six months, based on 896 closed sales tracked by Resideline. The middle half of those sales ranged from $334,900 to $585,000.

Is 37087 a buyer's or seller's market?

Resideline is currently tracking 70 pending sales against 45 active listings in 37087, a pending-to-active ratio of 1.56. Ratios of 0.6 or higher usually indicate a seller's market, 0.35 to 0.6 a competitive market, and lower values a more balanced one. By that yardstick, 37087 currently looks like a seller's market.

Nearby ZIP code market data

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