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Lebanon, TN 37087 Housing Market

Data snapshot: August 26, 2026. Closed-sale window: last 6 months.
Lebanon, TN inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 1.70
ActiveActive listings: 4343PendingPending sales: 7373
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): $528k$528kSoldMedian sold price (last 6 months): $440k$440k
What homes actually sell for in Lebanon, TN
Distribution of 897 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $340k to $588k
$245k to $341k: 185 sales$245k$341k to $436k: 211 sales211sales$436k to $532k: 168 sales$436k$532k to $627k: 82 sales$627k to $723k: 55 sales$627k$723k to $819k: 42 sales$819k to $914k: 41 sales$819k$914k to $1.01M: 23 salesMedian $440k

What the numbers say

As of August 26, 2026, Resideline is tracking 43 active listings and 73 pending sales in ZIP code 37087. That pending-to-active ratio of 1.70 points to a seller's market: buyers are absorbing inventory quickly relative to what is available.

The median asking price of current listings is $527,930, while the median of the 897 closed sales Resideline tracked over the last six months was $439,995. 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 $439,995 over the last six months, based on 897 closed sales tracked by Resideline. The middle half of those sales ranged from $339,990 to $588,000.

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

Resideline is currently tracking 73 pending sales against 43 active listings in 37087, a pending-to-active ratio of 1.70. 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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