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Lebanon, New Hampshire Real Estate Market Report - Full Year, 2020

 

LEBANON MARKET AREA

The Lebanon, New Hampshire real estate market continued to show strength in 2020 with 124 sales of single-family homes, matching its 2019 figure and setting a record in total dollar volume at $39,981,856. As of December 31, there were an additional thirteen (13) properties active under contract or pending and likely to close in the coming months.

 

Being an unprecedented year across the Greater Hanover-Lebanon and Woodstock real estate markets in general, Lebanon was certainly no exception. Prices in Lebanon have been on a steady rise since a low of $217,000 in 2012, climbing to a record high of $322,434 in 2020. On average, buyers paid closer to sellers’ asking prices than ever before, as the negotiating discount– percent difference between a home’s list price and sale price– fell to an all-time low of 1.14%. In fact, of the 124 transactions, over 50% sold either at or above asking price, pointing to the competition of the market and motivation level of buyers.

 

Increased buying activity has significantly depleted available inventory, however, as there were just eight (8) single-family homes actively listed in Lebanon as of December 31. Though we remain optimistic about the 2021 market, Lebanon will need a considerable infusion of new listings to keep up with what we expect to be continued strong buyer demand.

 

GREATER HANOVER-LEBANON MARKET AREA

The Greater Hanover-Lebanon market area (Hanover, Hartford, Lebanon, Lyme, Norwich, Plainfield, Strafford) also had a banner year in 2020 with 439 sales of single-family homes, eclipsing its 2019 total of 338, a 30% increase. Like the Greater Woodstock area, each town in the GHLA either met or exceeded its 2019 figures for total sales, with Hanover, Hartford, and Lyme setting all-time records. In 200 of the 439 sales that transacted over the year, buyers paid either at or above a seller’s asking price, with the average price of a home reaching $505,604. Not surprisingly, these record totals have left a vacuum in terms of available inventory, as there were just twenty-eight (28) single family homes actively listed in the entire Greater-Hanover market area on December 31 compared to eighty-four (84) at the same point in 2019.

 

In regard to luxury sales, the Greater Hanover-Lebanon market area saw thirty-six (36) sales of homes that sold/closed for $1 million or more. Snyder Donegan was pleased to represent the buyers, sellers, or both in the highest priced 2020 individual home sales in Hanover (24 Occom Ridge – $3.1 million) and Lyme (42 Claflin Lane – $2.575 million).

 

Inventory is now genuinely tight at most price points up to about $1.5 million, and prices clearly rose, particularly in moderate price points and in properties closer to well-known towns like Woodstock and Hanover. Because of this, we are starting to see buyers move both outwards in location from traditional “centers” and upwards in price. And more rural, even “remote” properties have special appeal to those seeking more permanent safety from the COVID storm or a simpler way of life.

 

LEBANON FY 2020 BY THE NUMBERS

  • 124 SOLD single-family homes
    • Average Price: $322,434
    • Median Price: $286,500
    • Total Volume: $39,981,856
    • Average Negotiating Discount: 1.14%
    • Average Days on the Market: 49
  • 13 ACTIVE UNDER CONTRACT/PENDING single-family homes
    • Average Price: $367,915
    • Median Price: $375,000
    • Average Days on the Market: 122
  • 8 ACTIVELY LISTED single-family homes
    • Average Price: $564,613
    • Median Price: $359,500
    • Average Days on the Market: 257

 

Charts illustrating portions of the above information can be found below, followed by a complete list of all 124 properties that sold during the full year of 2020.

 

A list of all 124 properties that sold/closed in Lebanon during FY 2020 is below.

60 Spencer Street, Lebanon, NH

$40,500

60 Spencer Street, Lebanon, NH

$80,000

11 Trues Brook Road, Lebanon, NH

$85,000

423 Meriden Road, Lebanon, NH

$91,000

56 Mascoma Street, Lebanon, NH

$115,000

36 Church Street, Lebanon, NH

$120,000

26 Messenger Street, Lebanon, NH

$121,000

32 West Street, Lebanon, NH

$132,000

15 Peabody Street, Lebanon, NH

$164,500

34 Elm Street, Lebanon, NH

$170,000

1 Valley Street, Lebanon, NH

$175,000

1 Edwards Street, Lebanon, NH

$180,000

34 S Main Street, Lebanon, NH

$185,000

92 Mechanic Street, Lebanon, NH

$188,000

331 North Main Street, Lebanon, NH

$196,500

15 Shaw Street, Lebanon, NH

$205,000

136 Trues Brook Road, Lebanon, NH

$210,000

250 Dartmouth College Highway, Lebanon, NH

$210,000

378 Dartmouth College Highway, Lebanon, NH

$210,000

427 Dartmouth College Highway, Lebanon, NH

$215,000

153 Bank Street Extension, Lebanon, NH

$215,000

156 Dartmouth College Highway, Lebanon, NH

$219,000

423 Plainfield Road, Lebanon, NH

$220,000

9 Crawford Avenue, Lebanon, NH

$223,000

32 Floyd Avenue, Lebanon, NH

$225,500

104 School Street, Lebanon, NH

$229,000

171 Meriden Road, Lebanon, NH

$229,000

38 Guyer Street, Lebanon, NH

$230,000

2 Downes Avenue, Lebanon, NH

$230,000

84 Mechanic Street, Lebanon, NH

$232,750

92 School Street, Lebanon, NH

$235,000

34 Young Street, Lebanon, NH

$239,900

144 Hanover Street, Lebanon, NH

$240,000

22 Colburn Street, Lebanon, NH

$240,000

10 Farman Avenue, Lebanon, NH

$244,000

177 Hardy Hill Road, Lebanon, NH

$245,000

13 Perley Avenue, Lebanon, NH

$245,000

187 Etna Road, Lebanon, NH

$246,000

147 Slayton Hill Road, Lebanon, NH

$250,000

4 Laro Street, Lebanon, NH

$250,000

11 Amsden Street, Lebanon, NH

$255,000

158 Mascoma Street, Lebanon, NH

$258,000

13 Pleasant Street, Lebanon, NH

$260,000

57 Maple Street, Lebanon, NH

$260,000

263 Meriden Road, Lebanon, NH

$260,000

58 Daisy Hill Road, Lebanon, NH

$260,000

29 Highland Avenue, Lebanon, NH

$260,000

4 Downes Avenue, Lebanon, NH

$265,000

14 Pasture Lane, Lebanon, NH

$267,500

8 Johnson Avenue, Lebanon, NH

$268,500

4 Floyd Avenue, Lebanon, NH

$269,000

43 Seminary Hill Road, Lebanon, NH

$270,000

37 Sunset Rock Road, Lebanon, NH

$270,000

9 Guyer Street, Lebanon, NH

$275,000

387 Meriden Road, Lebanon, NH

$275,000

61 Young Street, Lebanon, NH

$275,000

9 Hough Street, Lebanon, NH

$277,000

32 Monica Road, Lebanon, NH

$277,500

19 Fairview Avenue, Lebanon, NH

$278,000

46 Church Street, Lebanon, NH

$280,700

94 Trues Brook Road, Lebanon, NH

$281,000

18 Crafts Avenue, Lebanon, NH

$285,000

75 Mountain View Drive, Lebanon, NH

$288,000

17 Williams Street, Lebanon, NH

$290,000

98 True's Brook Road, Lebanon, NH

$292,000

10 Prospect West Street, Lebanon, NH

$299,900

165 Bank Street Extension, Lebanon, NH

$300,000

213 Poverty Lane, Lebanon, NH

$303,500

218 Hardy Hill Road, Lebanon, NH

$305,000

22 Carlton Drive, Lebanon, NH

$305,000

62 Mountain View Drive, Lebanon, NH

$310,000

59 Mountain View Drive, Lebanon, NH

$310,000

3 Timothy Avenue, Lebanon, NH

$310,900

46 Mascoma Street, Lebanon, NH

$311,000

2 Dulac Street, Lebanon, NH

$313,500

1 Waterman Avenue, Lebanon, NH

$320,000

23 Farr Road, Lebanon, NH

$320,000

26 Bassy Street, Lebanon, NH

$320,000

16 Payne Road, Lebanon, NH

$320,000

9 Pearl Street, Lebanon, NH

$325,000

131 Prospect Street Extension, Lebanon, NH

$331,500

28 Wheatley Street, Lebanon, NH

$334,000

50 Prospect Street, Lebanon, NH

$335,000

120 Heater Road, Lebanon, NH

$355,000

26 Crafts Avenue, Lebanon, NH

$365,000

40 Brook Road, Lebanon, NH

$365,000

90 Trues Brook Road, Lebanon, NH

$368,000

122 Heater Road, Lebanon, NH

$380,000

65 Elm Street, Lebanon, NH

$389,000

11 Gilson Road, Lebanon, NH

$390,000

51 Daisy Hill Road, Lebanon, NH

$390,000

11 White Birch Lane, Lebanon, NH

$394,310

7 White Birch Lane, Lebanon, NH

$398,540

32 Slayton Hill Road, Lebanon, NH

$399,000

12 White Birch Lane, Lebanon, NH

$401,100

72 Buckingham Place, Lebanon, NH

$401,500

16 White Birch Lane, Lebanon, NH

$402,450

84 Dogwood Circle, Lebanon, NH

$405,000

10 White Birch Lane, Lebanon, NH

$406,970

248 Poverty Lane, Lebanon, NH

$410,000

5 Lash Road, Lebanon, NH

$413,000

22 White Birch Lane, Lebanon, NH

$413,635

1 Beacon Road, Lebanon, NH

$416,000

86 Dogwood Circle, Lebanon, NH

$419,900

1 Jones Avenue, Lebanon, NH

$430,000

33 Eldridge Street, Lebanon, NH

$432,500

13 White Birch Lane, Lebanon, NH

$432,635

19 Messenger Street, Lebanon, NH

$434,000

2 White Birch Lane, Lebanon, NH

$434,863

90 Bank Street, Lebanon, NH

$435,000

3 White Birch Lane, Lebanon, NH

$445,303

6 Allen Street, Lebanon, NH

$450,000

13 Skylark Road, Lebanon, NH

$464,500

314 Poverty Lane, Lebanon, NH

$469,500

28 Oak Ridge Road, Lebanon, NH

$551,000

17 Stagecoach Road, Lebanon, NH

$555,000

122 Buckingham Place, Lebanon, NH

$560,000

39 Wildwood Drive, Lebanon, NH

$573,000

19 Eagle Ridge Drive, Lebanon, NH

$600,000

47 Sunset Rock Road, Lebanon, NH

$651,000

40 Crafts Hill Road, Lebanon, NH

$720,000

65 Farr Road, Lebanon, NH

$725,000

29 Old King's Highway, Lebanon, NH

$795,000

109 Eastman Hill Road, Lebanon, NH

$1,287,000

 

 

 

 

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