Lisbon, WI Real Estate

Lisbon Properties

Established in 1836, Lisbon, Wisconsin is a rural community located in Waukesha County. With a picturesque landscape of woodlands, country roads and rolling hills, the town is currently negotiating to sustain its landscape and increase development. Lisbon is only 30-minutes from Milwaukee for those who need to commute to the metropolitan area. Nearby communities include Sussex, Pewaukee and Hartland. With 90% of the town being residential, Lisbon provides a small and peaceful atmosphere.

Real Estate
The Lisbon real estate market has an array of homes for sale. Houses for sale include brick Ranches with three-bedrooms, renovated Farm Houses, gorgeous Colonials and estates on large lots. Custom-built homes of all styles with luxurious amenities are also a featured housing option in the Lisbon area. The custom-built homes are built on larger lots. Historic properties are also prevalent throughout the town.

Amenities
The town of Lisbon holds many events in Lisbon Community Park for residents to enjoy. The Arbor Day event allows residents to enjoy the trails and help the town plant trees. A Magic and Clown Show provides free root beer floats and entertainment for the whole family.

Heritage Weekend showcases 40-camps that include French traders, the Revolutionary War, World War II and the Spanish-American War. Attendees are also able to view work performed by a quilt maker, fiddler and blacksmith. The event helps reenact and pay tribute to America’s roots.

Interact with the town board at the Lisbon Winter Fun Fest. Residents are encouraged to go sledding, ice skating and skiing with their neighbors. Warm up with hot cocoa and treats during the winter season at the fest.

Easter Extravaganza is an annual event that allows neighbors to gather and share candy and treats. Lisbon holds giveaways such as free bike helmets to kids sponsored by local businesses. The extravaganza is sponsored by the towns of Lisbon and Sussex along with local businesses and organizations.

To find properties for sale in Lisbon, click here.

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Market Conditions
Market Conditions for Lisbon - February 2024 | Shorewest Realtors®
February 2024

Market Conditions for Lisbon

Median Sale Price Graph

Median Sale Price

The median sale price for homes in February was $617,450. The median sales price for homes in February rose by $17,460 compared to last month. This represents a 2.91% increase from January. Compared to the same month last year, the median price of homes fell by ($287,650) representing a -31.78% year-over-year change.

The median sales price is the middle value of all sales occurring in the market during the past thirty days when you arrange these sales prices from lowest to highest. This is a better indicator than the average as the median does not change as much as a result of a few unusually low or high sales prices.

Homes for Sale Graph

Homes for Sale

The inventory of homes for sale remained level in February to 12. Compared to the same month last year when there were 22 homes for sale, the inventory of homes for sale has fallen by 10 representing a -45.45% year-over-year change.

Homes for sale represents the number of active listings on the market during the specified month as reported in the MLS system operating within the market area.

Homes Sold Graph

Homes Sold

The 4 homes sold in February was 1 less than in January. This represents a 20% decrease in sales from January. Compared to the same month last year, the number of homes sold increased by 2, a 100% year-over-year increase.

Homes sold is the total count of properties in the market area that have had a closed sale during the specified month as reported in the MLS systems operating within the market area.

Average Days on Market Graph

Avg Days on Market

The average days on market for a home sold in February (37) decreased by 23 days compared to January. This represents a 38.33% decrease in days on market for homes in the market from the previous month. Compared to the same month last year, the days on market for homes sold increased by 19, a 105.55% year-over-year change.

Average Days on Market is the time period between the date when a home is listed for sale in an MLS system and the date it is sold.

Sale/List Price Ratio

Sale/List Price Ratio

The Sale/List Price Ratio of 104.84% in February rose by 6.67% compared to January and increased 6.98% compared to the same period last year.

Sale/List Price Ratio is the sale price of a listing divided by the original list price expressed as a percentage. The Sale/List Price Ratio for the market is determined by adding the Sale/List Price Ratio for each listing sold in the market during the month and dividing by the number of listings sold during the month.

New Homes Graph

New Homes

The number of homes listed in February (6) fell by 2 compared to January, a 25% change. Compared to February 2023, the number of new listings increased by 1, a 20% year-over-year change.

Newly Listed Homes are the total count of homes that have been listed within the market area during the most recent month, as reported in the MLS system(s) operating in the market area.

Median List Price Graph

Median List Price

The median list price in February was $784,400. The median list price for homes in February rose by $174,500 compared to last month. This represents a 28.61% increase from January. Compared to the same month last year, the median list price of homes increased $34,900 representing a 4.65% year-over-year increase.

The median list price is the middle value of all currently active listings as reported in the MLS systems in the market area when you arrange these list prices from lowest to highest. This is a better indicator than the average as the median does not change as much as a result of the existence of a few unusually low or high list prices.