33 homes sold in Lannon in the last year, at a typical $523K
Most homes sold are condos. Below: what each kind of home sells for, what your budget buys, the best months to buy, how hard you’ll have to bid, and a shortcut to every site where Lannon homes are listed.
Every place Lannon homes are listed, in one stop
We don’t copy listings: the agents’ sites have the photos and the latest price changes. Set what you want once and we open each site already filtered to Lannon.
For sale
Rent
New, land & open houses
Links open the listing sites; TownRatings isn’t paid for them and doesn’t rank one above another. Rentals and government-owned homes come from sources outside the MLS.
Condos are 79% of Lannon’s sales, at a typical $551K
33 homes sold in the year to May 2026.
typical sale · 26 sold in 12 months
- Per square foot
- $260WI $209
- Days to sell
- 128
- Sold over asking
- 15%
- Listings with a price cut
- 15%
Houses: 7 sold, typical $452K
Too few sales in 12 months for reliable figures.
About as many homes sell as usual, at 1.6 times the 2018 price
33 sales in the last year, against 60 in 2022 and a low of 19 in 2025. The typical sale went from $318K in 2018 to $523K.
Source: Redfin Data Center, MLS sales. Typical price and $/sq ft are the monthly medians, weighted by sales.
What $500K buys in Lannon
Check a listing against what Lannon homes sold for
Against the town’s median price per square foot over the last 12 months. A rough check: condition, lot and location within town move a price more than this can see.
Bidding wars in Lannon are rarer than before the pandemic, and more homes are for sale
We read every month of Lannon’s home sales since 2015 so you don’t have to. Each figure covers 12 months, because a single month in a town is too few sales to mean much. Latest: the year to May 2026, 33 sales.
If you’re buying in Lannon
- Shop in September. It brings about 5 new listings a month, close to the busiest month, with fewer bidding wars (30% over asking).
- Some room to negotiate. 15% of listings cut their price, about as many as before the pandemic.
- Bid near asking. Buyers paid 99.8% of the list price on average; 21% paid over.
- You’ll usually have time. Only 23% of homes go under contract within two weeks; the typical one takes 110 days.
Fall brings the homes; spring brings the bidding wars
September has the most new listings (about 5 a month), but March is the most competitive: 60% of March sales close over asking. January has the least competition (26%).
Averages for each calendar month, 2015 on.
Nearly as heated as 2021, and calmer than Wisconsin
| Lannon now | 2017–19 | 2021 peak | WI now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 21% | 34% | 28% | 38% |
| Gone within two weeksShare of homes under contract within 14 days | 23% | 40% | 41% | 46% |
| Listings with a price cutShare of homes for sale that cut their price | 15% | 12% | 9% | 18% |
| Price paid vs. askingAverage sale price ÷ list price | 99.8% | 101.2% | 100.9% | 99.6% |
| Days to sellMedian days from listing to contract | 110 | 83 | 88 | 51 |
16 homes for sale on a typical day
That’s 3.5 times the 2018 low (5), 89% more than in 2017–19 and well under 2022’s 27.
1 in 7 listings has cut its price
15% in the last year, against 12% in 2017–19 and 18% across Wisconsin.
Since 2019, houses are up 84%, condos 34%
A house typically sold for $452K in the last year (7 sales), a condo for $551K (26).
Median sale price, weighted by sales each month. Years with fewer than 4 sales of a type are left out.
Source: Redfin Data Center, city market tracker, January 2015 to May 2026 (MLS sales, not seasonally adjusted). Ratios are weighted by homes sold; price cuts by homes for sale.
Owning the typical Lannon home costs about $3,280 a month
Price: Lannon’s typical sale, last 12 months. Property tax at Lannon’s 1.3% (median bill ÷ median value, Census ACS); insurance at 0.35% of price a year. Before PMI, HOA dues, upkeep and the tax deduction. Whether Lannon is affordable on local pay is on Cost of living.
Six things worth knowing
New listings in September
The month with the most choice. March has the fewest, about 2.
Best time to buyProperty tax, a year
Of a home’s value: the median bill over the median home value. On a $523K home, about $6,620 a year.
Taxes vs. neighborsSchools
The schools grade for Lannon, from test results, graduation and how much students grow.
Schools in LannonCheck the flood map
Flood insurance isn’t in a standard policy, and lenders require it in FEMA flood zones. Check the address before you make an offer.
Natural hazardsLook up any property
Assessed value, lot size and every past sale of a home you’re eyeing are public, at the town or county assessor and the registry of deeds.
Menomonee Falls, Germantown, Brookfield and Richfield sell for less a square foot
The busier markets within 25 miles of Lannon, by what sold. Prices, taxes and how far a paycheck goes next door are on Cost of living.
| Sold | Typical sale | $/sq ft | Over asking | Days to sell | |
|---|---|---|---|---|---|
| Menomonee Falls | 551 | $472K | $236 | 50% | 48 |
| Brookfield | 534 | $523K | $234 | 52% | 42 |
| Germantown | 265 | $438K | $211 | 47% | 53 |
| Sussex | 150 | $567K | $246 | 51% | 48 |
| Richfield | 137 | $618K | $233 | 50% | 46 |
| Lisbon | 122 | $635K | $244 | 50% | 60 |
| Lannon | 33 | $523K | $251 | 21% | 110 |
Redfin Data Center, June 2025 to May 2026. Towns with fewer than 20 sales are left out, and Redfin doesn’t report every town separately.
Post your home to Lannon, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Lannon. People who follow the town see it, and so do people comparing Lannon with their own town. No commission, no listing fee.
Questions about buying a home in Lannon
What do homes sell for in Lannon, WI?
33 homes sold in the year to May 2026 at a typical $523K, $251 a square foot.
Is Lannon a buyer’s or seller’s market?
A seller’s market: 16 homes were for sale in May 2026 and 6 sold, about 2.7 months of supply. Buyers paid 99.8% of asking on average, and 15% of listings cut their price.
When is the best time to buy in Lannon?
September brings the most new listings. The sales history shows which months have fewer bidding wars.
How much are property taxes in Lannon?
About 1.3% of a home’s value a year. On a $523K home that’s near $6,620.
Where can I see homes for sale in Lannon?
Zillow, Redfin, Realtor.com and Homes.com all carry Lannon’s MLS listings; the search links above open each one filtered to Lannon.
Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted). Property tax rate: Census American Community Survey. Two-bedroom rent: HUD Fair Market Rent. Typical home value: Zillow Home Value Index. Schools grade: TownRatings (how grades work).