Is Lannon, WI 53046 a buyer’s or seller’s market?
Lannon is a seller’s market. With about 3.5 months of supply and 67% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
More competitive than 70% of U.S. ZIP codes, and #150 of 313 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending July 31, 2026. See the breakdown
The Lannon housing market right now
In the three months ending August 31, 2026, 67% of homes in Lannon, WI 53046 sold above their list price, the typical home went under contract in 138 days and there were 3.5 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 12 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 38%, homes sold more slowly (72 days then) and the median sale price rose 19% to $584,647. Overall, Lannon is more competitive than a year ago, so tougher for buyers.
Within Waukesha County, homes here sell more slowly than in any other ZIP code in the county, and sell more often over asking than in 88%.
Nearby, buyers who want less competition could look at Okauchee 53069 (0% sold over asking) or Wales 53183 (14% sold over asking), while Waukesha 53186 (71% sold over asking) and Butler 53007 (70% sold over asking) are even more competitive.
Run the numbers for 53046
Nearby markets
Big Bend 53103Seller’s market $259 /sq ftBrookfield 53005Seller’s market $239 /sq ftBrookfield 53045Seller’s market $241 /sq ftButler 53007Seller’s market $218 /sq ft Browse all markets →Towns like Lannon nearby
Find towns like Lannon in other states →Where Lannon is
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Questions about Lannon real estate
Is Lannon a buyer’s or seller’s market?
A seller’s market: there were 3.5 months of supply in Lannon, WI 53046 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Lannon?
The typical home went under contract in 138 days in the latest three months.
Do homes in Lannon sell over asking?
67% of homes sold above their original list price, and the typical sale closed at 100.5% of the list price.
What are property taxes in Lannon?
About 1.14% of a home’s value a year in Waukesha County, or roughly $4,560 on a $400,000 home.
What is the median home price in Lannon?
The median sale price was $584,647 in the three months ending August 31, 2026, about $246 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology