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WEST LEBANON, IN 47991

Real Estate Market Report  ·  Warren County
Balanced Market
February 2026  ·  Source: Realtor.com

Market Analysis

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

The WEST LEBANON, IN real estate market (47991) currently shows 2 active listings. Homes are averaging 104 days on the market before going under contract.

Inventory has tightened compared to last year, with 2 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 104 days on market compared to 48 days last year.

The median listing price has fallen 9.3% year-over-year, from $220,000 to $199,500.

Whether you are buying or selling in WEST LEBANON, IN, 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: 1,295  ·  Density: 16.7/mi²  ·  Median household income: $104,688

Typical home value: $121,425  ·  Homeownership: 65.0%

Market Overview

Active Listings
2
⇩ 50% vs 4 last year
Pending
0
0% pending ratio
Median Price
$199,500
⇩ 9.3% vs $220,000 last year
Average Price
$224,317
⇧ 1.5% vs $221,000 last year
Days on Market
104
⇧ 116.7% vs 48 days last year

Price Per Square Foot

Median $/sqft
$155
⇧ 18.3% vs $131/sqft last year
Median Home Size
1,320 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 2 this year vs 4 last year
  • Days on market: 104 now vs 48 last year

Median & Average Pricing

Year over Year
  • Median: $199,500 (-9.3% YoY)
  • Average: $224,317 (+1.5% 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 22.8 miles — 59 listings ($11,167,030 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
47991West Lebanon, IN 479910.0 mi2$578,900$289,450$289,450
61814Bismarck, IL 618147.3 mi4$485,700$112,950$121,425
60963Rossville, IL 6096312.3 mi3$493,350$164,450$164,450
61834Danville, IL 6183412.9 mi6$1,121,100$176,750$186,850
47921Boswell, IN 4792114.2 mi3$524,700$174,900$174,900
47987Veedersburg, IN 4798715.9 mi14$3,458,700$219,450$247,050
47974Perrysville, IN 4797416.5 mi2$549,000$274,500$274,500
61865Potomac, IL 6186518.6 mi1$86,425$86,425$86,425
61883Westville, IL 6188319.8 mi2$229,900$114,950$114,950
47971Oxford, IN 4797120.5 mi6$1,333,800$239,000$222,300
47992Westpoint, IN 4799221.0 mi5$983,335$195,000$196,667
47949Hillsboro, IN 4794922.4 mi1$200,000$200,000$200,000
61846Georgetown, IL 6184622.8 mi10$1,122,120$83,500$112,212

Frequently Asked Questions

How many homes are for sale in WEST LEBANON, IN 47991?

As of February 2026, there are 2 active listings in WEST LEBANON, IN (zip code 47991), compared to 4 the prior year.

What is the median home price in WEST LEBANON, IN 47991?

The median listing price in WEST LEBANON, IN 47991 is $199,500 as of February 2026, a 9.3% decrease from $220,000 the prior year.

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

Homes in WEST LEBANON, IN 47991 spend an average of 104 days on the market before going under contract, compared to 48 days the prior year.

Is it a seller's or buyer's market in WEST LEBANON, IN 47991?

Based on current inventory and days-on-market data as of February 2026, WEST LEBANON, IN 47991 is currently a Balanced Market. Inventory has tightened compared to last year, with 2 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 104 days on market compared to 48 days last year.

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

With SELL123.com's maximum 3% commission, sellers in WEST LEBANON, IN 47991 save an estimated $3,990 compared to a typical 5% commission on the median listing price of $199,500. 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.