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Lebanon, TN 37087 Housing Market

Data snapshot: October 5, 2026. Closed-sale window: last 6 months.
Lebanon, TN inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.15
ActiveActive listings: 155155PendingPending sales: 2323
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): $530k$530kSoldMedian sold price (last 6 months): $445k$445k
What homes actually sell for in Lebanon, TN
Distribution of 866 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $337k to $605k
$245k to $339k: 174 sales$245k$339k to $434k: 182 sales182sales$434k to $528k: 176 sales$434k$528k to $622k: 85 sales$622k to $717k: 54 sales$622k$717k to $811k: 50 sales$811k to $906k: 40 sales$811k$906k to $1M: 16 salesMedian $445k

What the numbers say

As of October 5, 2026, Resideline is tracking 155 active listings and 23 pending sales in ZIP code 37087. That pending-to-active ratio of 0.15 points to a balanced market: buyers have room to compare options and negotiate.

The median asking price of current listings is $529,900, while the median of the 866 closed sales Resideline tracked over the last six months was $444,725. 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. Resideline has been seeing the median active listing in 37087 for 72 days.

Frequently asked questions

What is the median home price in 37087?

The median closed sale price in Lebanon, TN 37087 was $444,725 over the last six months, based on 866 closed sales tracked by Resideline. The middle half of those sales ranged from $336,782 to $604,990.

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

Resideline is currently tracking 23 pending sales against 155 active listings in 37087, a pending-to-active ratio of 0.15. 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 balanced market.

Nearby ZIP code market data

Full Lebanon, TN housing market report →

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