Is Lebanon, IL 62254 a buyer’s or seller’s market?

Seller’s market 3 months ending August 31, 2026 · Source: Redfin

Lebanon is a seller’s market. With about 1.8 months of supply and 30% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.

Competition score67/ 100

More competitive than 71% of U.S. ZIP codes, and #222 of 464 in the state.

Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown

Months of supply1.8Under 4 months = seller’s market

Sold above original list29.6%Share of sales, last 3 months

Median sale-to-list99.8%Sold price ÷ list price

Median days on market41Listing to accepted offer

Median price per sq ft$127▼ −3.4% vs. last year

Run the numbers for 62254

Prefilled for 62254Can I win this house?Multiple-offer likelihood for a listing Prefilled for 62254Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Belleville 62220Seller’s market $112 /sq ft Belleville 62221Seller’s market $136 /sq ft Belleville 62223Seller’s market $116 /sq ft Belleville 62226Seller’s market $120 /sq ft Browse all markets →

More tools for 62254

Competition score Buyer leverage Negotiation room Compare with other ZIP codes True cost to buy Property taxes Closing costs Cash buyers Backup offer odds Home value

Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology