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Lebanon, New Hampshire Real Estate Market Report - Full Year, 2021

 

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

 

 

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