Is Lisbon, ND a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 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, ND
How much do homes in Lisbon, ND cost?
Median Sold Price
$170,000
$70/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Lisbon have sold for 12.4% more than they did a year ago.
Summary: The median home sold price in Lisbon was $170,000 in March 2024, up 12.4% from last year, and the median price per square foot was $70.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $78.6K | $115K | +46.2% |
| 3 Bedrooms | $139K | $175.5K | +26.3% |
| 4 Bedrooms | $203.5K | $142K | -30.2% |
| 5+ Bedrooms | $247K | $285K | +15.4% |
Summary: Lisbon housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 46.2%, 3 bedroom homes increased by 26.3%, 4 bedroom homes decreased by 30.2%, and 5+ bedroom homes increased by 15.4%.
Housing Supply in Lisbon, ND
How many homes are available in Lisbon, ND?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 13 | 11 | -15.4% |
Summary: The Lisbon real estate market had 11 homes for sale in March 2024, a 15.4% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 8 | 6 | -25.0% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Lisbon housing inventory by bedroom type for March 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
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 3 | 2 | -33.3% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Lisbon, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 2 homes were sold or pending in Lisbon in March 2024, down by 33.3% month-over-month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.
Days on Market for Lisbon, ND
How long does it take to sell a home in Lisbon, ND?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 65 Days | 60 Days | -6.9% |
Summary: Homes in Lisbon had an average of 60 days on market in Mar 2024, down by 6.9% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Lisbon has remained consistent over time.
Summary: During March 2024, 2 homes were sold in Lisbon; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
