Lebanon, TN 37087 Housing Market

Data snapshot: October 26, 2026. Closed-sale window: last 6 months.

Active listings
151
currently for sale
Pending sales
16
under contract
Median asking price
$519,990
current listings
Listing age
90 days
median time Resideline has been seeing the current listings
Closed sales tracked (6 mo)
813
a tracked sample, not a market total
Median sold price
$440,000
last 6 months
Middle half of sold prices
$340k to $588k
25th to 75th percentile

Lebanon, TN inventory balance

Homes for sale vs homes under contract. Pending-to-active ratio: 0.11

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

What homes actually sell for in Lebanon, TN

Distribution of 813 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $340k to $588k

What the numbers say

As of October 26, 2026, Resideline is tracking 151 active listings and 16 pending sales in ZIP code 37087. That pending-to-active ratio of 0.11 makes it a typical-pace market: listings are going under contract at about the pace of most ZIP codes Resideline tracks.

The median asking price of current listings is $519,990, while the median of the 813 closed sales Resideline tracked over the last six months was $440,000. 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 90 days.

Frequently asked questions

What is the median home price in 37087?

The median closed sale price in Lebanon, TN 37087 was $440,000 over the last six months, based on 813 closed sales tracked by Resideline. The middle half of those sales ranged from $339,900 to $588,000.

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

Resideline is currently tracking 16 pending sales against 151 active listings in 37087, a pending-to-active ratio of 0.11. Resideline tracks a sample of pending sales, so the ratio is most useful as a comparison: across the 3,777 ZIP codes Resideline tracks, the middle half run from 0.05 to 0.11. A higher ratio means listings go under contract faster, which usually favors sellers; a lower one gives buyers more room. By that comparison, 37087 is currently a typical-pace market.

Nearby ZIP code market data

Full Lebanon, TN housing market report →

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