Lebanon home prices fall in January 2020

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The median sale price of a home sold in January 2020 in Lebanon fell by $70,000 while total sales increased by 133.3%, according to BlockShopper.com.

In January 2020, there were seven homes sold, with a median sale price of $85,000 - a 45.2% decrease over the $155,000 median sale price for the same period of the previous year. There were three homes sold in Lebanon in January 2019.

The median sales tax in Lebanon for the most recent year with available data, 2018, was $2,860, approximately 3.4% of the median home sale price for January 2020.

The following table compares Lebanon to other St. Clair County cities with similar median sales prices in January 2020:

City
Jan. 2020 Home Sales
Jan. 2019 Home Sales
% change (Total Home Sales)
Jan. 2020 Median Sales Price
Jan. 2019 Median Sales Price
% change (Median Sales Price)
Fairview Heights
15
21
-28.6%
$132,500
$119,900
10.5%
Freeburg
3
4
-25%
$126,000
$239,250
-47.3%
Oak Hills
1
0
-
$116,900
$0
-
Dupo
4
5
-20%
$101,000
$30,000
236.7%
Caseyville
4
8
-50%
$90,000
$36,750
144.9%
Lebanon
7
3
133.3%
$85,000
$155,000
-45.2%
Collinsville
2
7
-71.4%
$75,796
$135,900
-44.2%
Fairmont City
2
1
100%
$70,000
$76,000
-7.9%
New Athens
5
0
-
$65,000
$0
-
Belleville
67
68
-1.5%
$65,000
$86,250
-24.6%
Crest Hill
1
0
-
$60,000
$0
-

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