Is Lebanon, TN, a Buyer’s or Seller’s Market Right Now?

Is Lebanon, TN, a Buyer’s or Seller’s Market in 2025?

The real estate market in Lebanon, TN, is heating up—again. Whether you’re planning to buy your first home or thinking of listing your current one, understanding whether it’s a buyer’s or seller’s market can help you make a smarter move.

Let’s break down what the 2025 market looks like and who currently has the upper hand.

1. Home Prices Are Steady—But Rising

In early 2025, home prices in Lebanon are still affordable compared to neighboring cities like Mt. Juliet or Franklin. However, prices have steadily ticked upward due to low inventory and high demand.

If you’re a seller, that means your home could sell for more than it would have just 12–18 months ago. If you’re a buyer, acting sooner may help you lock in a better deal before prices go higher.

2. Inventory Remains Low

Lebanon continues to attract families, remote workers, and first-time buyers looking for more space. This demand has outpaced the number of available homes on the market, giving sellers a slight advantage.

However, buyers shouldn’t panic—new construction is picking up, and patient shoppers are still finding hidden gems.

3. Interest Rates: Holding Steady for Now

Interest rates have stabilized, with many buyers adjusting their expectations to the new normal of 6–7% range mortgages. While this may sound high compared to pandemic-era lows, Lebanon’s lower home prices help offset the impact.

Buyers should consider getting pre-approved now, while sellers can expect interest from well-qualified buyers ready to act.

4. Days on Market Are Shrinking

Homes in Lebanon are starting to move faster again. While early 2024 saw longer listing times, the average days on market is now trending down.

That’s a positive sign for sellers—and a reminder to buyers that desirable homes may not stick around long.

Bottom Line: Who Has the Advantage in 2025?

Overall, 2025 is shaping up to be a slightly seller-leaning market in Lebanon, TN. Prices are rising, inventory is tight, and demand is strong.

• Sellers: This is a great time to list—especially before more new construction hits the market.

• Buyers: Still a solid time to buy, especially before interest rates or prices climb further.

Need help navigating the local market? Browse our list of trusted Lebanon real estate agents to find someone who knows the current landscape inside and out.