Lebanon, TN 37087 Housing Market
- Active listings50currently for sale
- Pending sales68under contract
- Median asking price$549,990current listings
- Closed sales tracked (6 mo)875a tracked sample, not a market total
- Median sold price$441,995last 6 months
- Middle half of sold prices$335k to $600k25th to 75th percentile
What the numbers say
As of July 18, 2026, Resideline is tracking 50 active listings and 68 pending sales in ZIP code 37087. That pending-to-active ratio of 1.36 points to a seller's market: buyers are absorbing inventory quickly relative to what is available.
The median asking price of current listings is $549,990, while the median of the 875 closed sales Resideline tracked over the last six months was $441,995. 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 $441,995 over the last six months, based on 875 closed sales tracked by Resideline. The middle half of those sales ranged from $334,900 to $599,990.
Is 37087 a buyer's or seller's market?
Resideline is currently tracking 68 pending sales against 50 active listings in 37087, a pending-to-active ratio of 1.36. 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.