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LEBANON, IL 62254

Real Estate Market Report
Balanced Market
March 2026  ·  Source: Realtor.com

Market Analysis

Data as of March 2026. Source: Realtor.com.

The LEBANON, IL real estate market (62254) currently shows 19 active listings, with 12 pending sales. Homes are averaging 27 days on the market before going under contract.

Inventory has increased compared to last year, with 4 more homes available — giving buyers more choice.

Homes are selling faster, averaging 27 days on market compared to 71 days last year.

The median listing price has risen 11.9% year-over-year, from $225,000 to $251,750.

Whether you are buying or selling in LEBANON, IL, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 6,586  ·  Density: 62.2/mi²  ·  Median household income: $89,933

Typical home value: $172,413  ·  Homeownership: 71.2%

Market Overview

Active Listings
19
⇧ 26.7% vs 15 last year
Pending
12
63% pending ratio
Median Price
$251,750
⇧ 11.9% vs $225,000 last year
Average Price
$288,506
⇩ 22.6% vs $372,611 last year
Days on Market
27
⇩ 62% vs 71 days last year

Price Per Square Foot

Median $/sqft
$137
⇩ 17.5% vs $166/sqft last year
Median Home Size
1,695 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 19 this year vs 15 last year
  • Days on market: 27 now vs 71 last year

Median & Average Pricing

Year over Year
  • Median: $251,750 (+11.9% YoY)
  • Average: $288,506 (-22.6% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 15.9 miles — 349 listings ($105,017,300 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
62254Lebanon, IL 622540.0 mi14$4,516,792$281,850$322,628
62293Trenton, IL 622936.6 mi12$4,207,980$309,350$350,665
62294Troy, IL 622947.1 mi44$20,658,968$490,500$469,522
62234Collinsville, IL 6223410.1 mi59$11,688,195$182,175$198,105
62232Caseyville, IL 6223210.2 mi33$12,213,927$402,675$370,119
62258Mascoutah, IL 6225810.6 mi35$13,622,595$356,475$389,217
62062Maryville, IL 6206211.2 mi24$9,073,272$407,500$378,053
62061Marine, IL 6206112.7 mi7$3,295,481$462,450$470,783
62249Highland, IL 6224913.0 mi33$8,346,921$228,750$252,937
62215Albers, IL 6221513.6 mi1$259,000$259,000$259,000
62203East Saint Louis, IL 6220313.9 mi12$474,516$35,000$39,543
62223Belleville, IL 6222314.0 mi62$12,972,632$175,000$209,236
62230Breese, IL 6223015.9 mi13$3,687,021$285,000$283,617

Frequently Asked Questions

How many homes are for sale in LEBANON, IL 62254?

As of March 2026, there are 19 active listings in LEBANON, IL (zip code 62254), compared to 15 the prior year.

What is the median home price in LEBANON, IL 62254?

The median listing price in LEBANON, IL 62254 is $251,750 as of March 2026, a 11.9% increase from $225,000 the prior year.

How long do homes stay on the market in LEBANON, IL?

Homes in LEBANON, IL 62254 spend an average of 27 days on the market before going under contract, compared to 71 days the prior year.

Is it a seller's or buyer's market in LEBANON, IL 62254?

Based on current inventory and days-on-market data as of March 2026, LEBANON, IL 62254 is currently a Balanced Market. Inventory has increased compared to last year, with 4 more homes available — giving buyers more choice. Homes are selling faster, averaging 27 days on market compared to 71 days last year.

How much can I save on real estate commission in LEBANON, IL?

With SELL123.com's maximum 3% commission, sellers in LEBANON, IL 62254 save an estimated $5,035 compared to a typical 5% commission on the median listing price of $251,750. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.