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Lebanon, TN 37087 Housing Market

Data snapshot: September 14, 2026. Closed-sale window: last 6 months.
Lebanon, TN inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.14
ActiveActive listings: 169169PendingPending sales: 2424
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): $484k$484kSoldMedian sold price (last 6 months): $440k$440k
What homes actually sell for in Lebanon, TN
Distribution of 903 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $340k to $588k
$245k to $339k: 176 sales$245k$339k to $434k: 202 sales202sales$434k to $528k: 183 sales$434k$528k to $622k: 91 sales$622k to $717k: 49 sales$622k$717k to $811k: 51 sales$811k to $906k: 44 sales$811k$906k to $1M: 16 salesMedian $440k

What the numbers say

As of September 14, 2026, Resideline is tracking 169 active listings and 24 pending sales in ZIP code 37087. That pending-to-active ratio of 0.14 points to a balanced market: buyers have room to compare options and negotiate.

The median asking price of current listings is $483,500, while the median of the 903 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 59 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 903 closed sales tracked by Resideline. The middle half of those sales ranged from $340,000 to $588,000.

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

Resideline is currently tracking 24 pending sales against 169 active listings in 37087, a pending-to-active ratio of 0.14. 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

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