Is Lisbon, IA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Lisbon has remained a Seller's Market.
Key Takeaway
Lisbon is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lisbon, IA
How much do homes in Lisbon, IA cost?
Median Sold Price
$277,500
$133/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Lisbon have sold for 19.9% more than they did a year ago.
Summary: The median home sold price in Lisbon was $277,500 in May 2024, up 19.9% from last year, and the median price per square foot was $133.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $193K | $149K | -22.8% |
| 3 Bedrooms | $235K | $277.5K | +18.1% |
| 4 Bedrooms | $225K | $348K | +54.7% |
| 5+ Bedrooms | $423.5K | $165K | -61.0% |
Summary: Lisbon housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 22.8%, 3 bedroom homes increased by 18.1%, 4 bedroom homes increased by 54.7%, and 5+ bedroom homes decreased by 61%.
Median Sold Price Compared To Nearby Cities
| Franklin Township | $252.4K | $322.5K | +27.7% |
| Lisbon | $231.5K | $290K | +25.3% |
| Lisbon | $231.5K | $277.5K | +19.9% |
Housing Supply in Lisbon, IA
How many homes are available in Lisbon, IA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 13 | 11 | -15.4% |
Summary: The Lisbon real estate market had 11 homes for sale in May 2024, a 15.4% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 8 | 6 | -25.0% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Lisbon housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 2 | 2 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lisbon, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Lisbon in May 2024, the same as the previous month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Lisbon, IA
How long does it take to sell a home in Lisbon, IA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 40 Days | 18 Days | -55.4% |
Summary: Homes in Lisbon had an average of 18 days on market in May 2024, down by 55.4% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lisbon are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 2 homes were sold in Lisbon; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Provided Courtesy Of Cedar Rapids Area Association of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information Is Believed To Be Accurate But Not Guaranteed.