The median sale price of a home sold in the third quarter of 2020 in Lebanon rose by $65,050 while total sales decreased by 17.2%, according to BlockShopper.com.
From July through September of 2020, there were 24 homes sold, with a median sale price of $196,450 - a 49.5% increase over the $131,400 median sale price for the same period of the previous year. There were 29 homes sold in Lebanon in the third quarter of 2019.
The median sales tax in Lebanon for the most recent year with available data, 2018, was $2,860, approximately 1.5% of the median home sale price for the third quarter of 2020.
The following table compares Lebanon to other St. Clair County cities with similar median sales prices in the third quarter of 2020:
| City | July - Sept. 2020 Home Sales | July - Sept. 2019 Home Sales | % change (Total Home Sales) | July - Sept. 2020 Median Sales Price | July - Sept. 2019 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Smithton | 25 | 24 | 4.2% | $240,000 | $215,000 | 11.6% |
| Shiloh | 80 | 77 | 3.9% | $240,000 | $220,000 | 9.1% |
| O'Fallon | 234 | 179 | 30.7% | $230,500 | $212,500 | 8.5% |
| Lebanon | 24 | 29 | -17.2% | $196,450 | $131,400 | 49.5% |
| Miller | 4 | 3 | 33.3% | $193,450 | $195,000 | -0.8% |
| Swansea | 102 | 61 | 67.2% | $182,450 | $170,000 | 7.3% |
| Mascoutah | 62 | 55 | 12.7% | $180,000 | $179,000 | 0.6% |
| Millstadt | 26 | 19 | 36.8% | $178,500 | $158,000 | 13% |
| Freeburg | 22 | 17 | 29.4% | $174,950 | $215,000 | -18.6% |
| Collinsville | 23 | 11 | 109.1% | $150,000 | $127,000 | 18.1% |
| Fairview Heights | 110 | 86 | 27.9% | $129,750 | $130,500 | -0.6% |
Alerts Sign-up