LEBANON MARKET AREA
The Lebanon, New Hampshire real estate market registered a record-breaking year in nearly every statistical category in 2021, with 133 sales of single-family homes, besting the previous record of 131 set in 2018. As of December 31, there were an additional sixteen (16) properties active under contract or pending and likely to close in the coming months.
Prices in Lebanon have been on a steady rise since a low of $217,000 in 2012, climbing to a record high of $398,474 in 2021 and translating into the highest total dollar volume of all-time at $52,997,060. Of all 133 closed homes, buyers paid either at or above the seller’s asking price in ninety-one (91) of those transactions, with the average negotiating discount– percent difference between a home’s list price and sale price– down to an all-time low of 1.03%. With inventory lasting a record-low 38 days on the market prior to sale, Lebanon buyers proved they were willing to act fast and pay more in 2021 than ever before.
Increased buying activity has significantly depleted available inventory, however, as there were just six (6) single-family homes actively listed in Lebanon as of December 31. Though we remain optimistic about the 2022 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
Like the GWA market, the Greater Hanover-Lebanon market area (Hanover, Hartford, Lebanon, Lyme, Norwich, Plainfield, Strafford) registered its second-highest total number of transactions in history with 401 sales of single-family homes, shy of 2020’s record of 439. Buyers paid either at or above a seller’s asking price in 266 of the 401 sales that transacted over the year, with the average price of a home reaching a record $620,277.
Not surprisingly, these record totals have left a vacuum in terms of available inventory, as there were just eighteen (18) single-family homes actively listed in the entire Greater-Hanover market area on December 31, 2021, down from twenty-eight (28) at the same point in 2020 and down sharply from the eighty-four (84) available at this time in 2019.
In regard to luxury sales, the Greater Hanover-Lebanon market area saw a record fifty-seven (57) sales of homes that sold/closed for $1 million or more, shattering the previous record of thirty-six (36) set in 2020. The town of Hanover alone recorded thirty (30) luxury sales, its highest total in history. Snyder Donegan was pleased to represent nineteen (19) of the buyers and/or sellers of those luxury properties, including the highest priced sale in Norwich 2020 (180 Birch Hill Lane –$3.375 million).
LEBANON FY 2021 BY THE NUMBERS
- 133 SOLD single-family homes
- Average Price: $398,474
- Median Price: $364,000
- Total Volume: $52,997,060
- Average Negotiating Discount: 1.03%
- Average Days on the Market: 38.2
- 16 ACTIVE UNDER CONTRACT/PENDING single-family homes
- Average Price: $391,690
- Median Price: $368,250
- Average Days on the Market: 53.6
- 6 ACTIVELY LISTED single-family homes
- Average Price: $338,889
- Median Price: $355,216
- Average Days on the Market: 182.2
Charts illustrating portions of the above information can be found below, followed by a complete list of all 133 properties that sold during the full year of 2021.
A list of all 133 properties that sold/closed in Lebanon during FY 2021 is below.
| 1 Dartmouth Avenue, Lebanon, NH | $70,000 |
| 44 Cross Road, Lebanon, NH | $141,250 |
| 6 Cooper Street, Lebanon, NH | $165,000 |
| 78 Church Street, Lebanon, NH | $170,000 |
| 6 College Avenue, Lebanon, NH | $189,900 |
| 145 Etna Road, Lebanon, NH | $195,000 |
| 249 Meriden Road, Lebanon, NH | $214,500 |
| 25 Peabody Street, Lebanon, NH | $220,000 |
| 36 Church Street, Lebanon, NH | $224,000 |
| 589 Dartmouth College Hwy, Lebanon, NH | $225,000 |
| 2 College Avenue, Lebanon, NH | $227,500 |
| 9 Farman Avenue, Lebanon, NH | $230,000 |
| 100 Seminary Hill Road, Lebanon, NH | $233,000 |
| 21 Colburn Street, Lebanon, NH | $235,000 |
| 395 Meriden Road, Lebanon, NH | $239,900 |
| 7 Atwood Avenue, Lebanon, NH | $240,000 |
| 415 Meriden Road, Lebanon, NH | $240,000 |
| 10 Memorial Drive, Lebanon, NH | $246,799 |
| 42 Guyer Street, Lebanon, NH | $249,000 |
| 35 Water Street, Lebanon, NH | $250,000 |
| 115 School Street, Lebanon, NH | $252,000 |
| 7 Winter Street, Lebanon, NH | $255,000 |
| 63 Water Street, Lebanon, NH | $259,000 |
| 216 Dartmouth College Hwy, Lebanon, NH | $260,000 |
| 7 Jones Avenue, Lebanon, NH | $260,000 |
| 15 Estabrook Circle, Lebanon, NH | $270,000 |
| 23 Williams Street, Lebanon, NH | $270,000 |
| 64 Church Street, Lebanon, NH | $275,000 |
| 60 Young Street, Lebanon, NH | $275,000 |
| 12 Pine Street, Lebanon, NH | $275,000 |
| 110 Seminary Hill Road, Lebanon, NH | $275,000 |
| 1 Blacksmith Street, Lebanon, NH | $281,000 |
| 19 Dulac Street, Lebanon, NH | $285,000 |
| 12 Hitchcock Avenue, Lebanon, NH | $285,000 |
| 11 Mack Avenue, Lebanon, NH | $290,000 |
| 9 Bomhower Street, Lebanon, NH | $290,000 |
| 331 N. Main Street, Lebanon, NH | $293,000 |
| 14 Winter Street West, Lebanon, NH | $295,000 |
| 200 Mascoma Street, Lebanon, NH | $295,000 |
| 149 Hanover Street, Lebanon, NH | $297,000 |
| 19 Heater Road, Lebanon, NH | $297,875 |
| 9 Winter Street W, Lebanon, NH | $299,000 |
| 5 Birch Terrace, Lebanon, NH | $299,000 |
| 2 Chelsea Circle, Lebanon, NH | $299,500 |
| 148 North Main Street, Lebanon, NH | $304,000 |
| 2 Hampshire Terrace, Lebanon, NH | $305,050 |
| 11 Crawford Avenue, Lebanon, NH | $309,636 |
| 10 Waterman Avenue, Lebanon, NH | $310,000 |
| 45 Spring Street, Lebanon, NH | $310,000 |
| 143 N Main Street, Lebanon, NH | $315,000 |
| 8 Whitcomb Avenue, Lebanon, NH | $315,000 |
| 22 Riverdale Parkway, Lebanon, NH | $319,000 |
| 97 Bank Street, Lebanon, NH | $320,000 |
| 20 Riverdale Parkway, Lebanon, NH | $325,000 |
| 7 Garnet Street, Lebanon, NH | $330,000 |
| 6 Beyerle Street, Lebanon, NH | $330,000 |
| 4 Liberty Lane, Lebanon, NH | $335,000 |
| 44 Winter Street, Lebanon, NH | $349,000 |
| 8 Bassy Street, Lebanon, NH | $349,000 |
| 14 Hough Street, Lebanon, NH | $350,000 |
| 13 Wolf Road, Lebanon, NH | $350,000 |
| 9 Farr Road, Lebanon, NH | $350,000 |
| 50 Winona Circle, Lebanon, NH | $359,000 |
| 54 Nottingham Circle, Lebanon, NH | $360,000 |
| 92 Winona Circle, Lebanon, NH | $360,000 |
| 8 Pasture Lane, Lebanon, NH | $362,000 |
| 207 Meriden Road, Lebanon, NH | $364,000 |
| 62 Cottage Circle, Lebanon, NH | $365,000 |
| 11 Trues Brook, Lebanon, NH | $369,000 |
| 60 Church Street, Lebanon, NH | $370,000 |
| 2 Stillwater Drive, Lebanon, NH | $377,000 |
| 31 Highland Avenue, Lebanon, NH | $377,000 |
| 10 Pasture Lane, Lebanon, NH | $380,000 |
| 188 Bank Street Ext., Lebanon, NH | $380,500 |
| 35 Moss Road, Lebanon, NH | $386,000 |
| 13 Highland Avenue, Lebanon, NH | $392,000 |
| 32 Hough Street, Lebanon, NH | $393,000 |
| 28 Hough Street, Lebanon, NH | $395,000 |
| 143 Bank Street Ext., Lebanon, NH | $396,888 |
| 127 School Street, Lebanon, NH | $400,000 |
| 415 Plainfield Road, Lebanon, NH | $400,001 |
| 15 Winona Circle, Lebanon, NH | $405,000 |
| 6 Maries Way, Lebanon, NH | $405,000 |
| 35 Moss Road, Lebanon, NH | $406,500 |
| 54 Nottingham Circle, Lebanon, NH | $410,000 |
| 69 Maple Street, Lebanon, NH | $412,000 |
| 43 Dogwood Circle, Lebanon, NH | $412,180 |
| 53 Winter Street, Lebanon, NH | $412,500 |
| 5 Benton Street, Lebanon, NH | $420,000 |
| 52 Young Street, Lebanon, NH | $420,000 |
| 22 Birch Terrace, Lebanon, NH | $420,000 |
| 38 Dogwood Circle, Lebanon, NH | $428,565 |
| 51 Mountain View Drive, Lebanon, NH | $435,000 |
| 120 Prospect Street Ext., Lebanon, NH | $439,000 |
| 34 Union Street, Lebanon, NH | $450,000 |
| 25 Dana Street, Lebanon, NH | $450,000 |
| 4 White Birch Lane, Lebanon, NH | $452,280 |
| 82 Dogwood Circle, Lebanon, NH | $452,550 |
| 20 White Birch Lane, Lebanon, NH | $456,965 |
| 21 Storrs Hill Road, Lebanon, NH | $461,000 |
| 30 Stone Hill Road, Lebanon, NH | $462,000 |
| 22 Young Street, Lebanon, NH | $465,000 |
| 10 White Birch Lane, Lebanon, NH | $469,000 |
| 76 Maple Street, Lebanon, NH | $480,000 |
| 36 Dogwood Circle, Lebanon, NH | $488,560 |
| 40 Hardy Hill Road, Lebanon, NH | $490,000 |
| 60 Slayton Hill Road, Lebanon, NH | $495,000 |
| 32 Nottingham Circle, Lebanon, NH | $495,000 |
| 74 Mountain View Drive, Lebanon, NH | $495,000 |
| 96 Buckingham Place, Lebanon, NH | $510,000 |
| 38 Dunsinane Drive, Lebanon, NH | $510,000 |
| 70 Farr Road, Lebanon, NH | $515,000 |
| 31 Bank Street, Lebanon, NH | $517,700 |
| 149 Prospect Street Ext., Lebanon, NH | $519,000 |
| 60 Westview Lane, Lebanon, NH | $524,000 |
| 39 Dogwood Circle, Lebanon, NH | $528,961 |
| 25 Wellington Circle, Lebanon, NH | $535,000 |
| 12 Blueberry Hill Drive, Lebanon, NH | $550,000 |
| 14 Dorset Lane, Lebanon, NH | $555,000 |
| 4 Laplante Road, Lebanon, NH | $561,000 |
| 15 Wildwood Drive, Lebanon, NH | $565,000 |
| 55 Crafts Avenue, Lebanon, NH | $580,000 |
| 11 Hetzel Road, Lebanon, NH | $590,000 |
| 12 Timber Lane, Lebanon, NH | $599,000 |
| 272 Hanover Street Ext., Lebanon, NH | $650,000 |
| 32 Eastman Hill Road, Lebanon, NH | $654,000 |
| 0 Eastman Hill Road, Lebanon, NH | $660,000 |
| 27 Jenkins Road, Lebanon, NH | $665,000 |
| 105 Daisy Hill Road, Lebanon, NH | $795,000 |
| 8 Stage Coach Road, Lebanon, NH | $825,000 |
| 52 Oak Ridge Road, Lebanon, NH | $825,000 |
| 28 Loomis Road, Lebanon, NH | $1,425,000 |
| 354 Poverty Lane, Lebanon, NH | $1,850,000 |