Is Lincoln Heights, WA 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, Lincoln Heights has remained a Seller's Market.
Housing Prices in Lincoln Heights, WA
How much do homes in Lincoln Heights, WA cost?
Median Sold Price
$403,950
$215/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Lincoln Heights was $403,950 in May 2024, up 1% from last year, and the median price per square foot was $215.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $249K | $215K | -13.7% |
2 Bedrooms | $315K | $357.5K | +13.5% |
3 Bedrooms | $393.5K | $391.9K | -0.4% |
4 Bedrooms | $439.9K | $415K | -5.7% |
5+ Bedrooms | $400K | $524.2K | +31.1% |
Summary: Lincoln Heights housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 13.7%, 2 bedroom homes increased by 13.5%, 3 bedroom homes decreased by 0.4%, 4 bedroom homes decreased by 5.7%, and 5+ bedroom homes increased by 31.1%.
Housing Supply in Lincoln Heights, WA
How many homes are available in Lincoln Heights, WA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
57 | 76 | +33.3% |
Summary: The Lincoln Heights real estate market had 76 homes for sale in May 2024, a 33.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 2 | +100.0% |
2 Bedrooms | 8 | 6 | -25.0% |
3 Bedrooms | 22 | 25 | +13.6% |
4 Bedrooms | 21 | 34 | +61.9% |
5+ Bedrooms | 6 | 9 | +50.0% |
Summary: The Lincoln Heights housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 25%, 3 bedroom homes increased by 13.6%, 4 bedroom homes increased by 61.9%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
17 | 15 | -11.8% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 15 homes were sold or pending in Lincoln Heights in May 2024, down by 11.8% month-over-month. Of the 15 sold homes, 20% were sold under asking, 13% were sold at asking, and 67% were sold over asking.
Days on Market for Lincoln Heights, WA
How long does it take to sell a home in Lincoln Heights, WA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
15 Days | 8 Days | -47.5% |
Summary: Homes in Lincoln Heights had an average of 8 days on market in May 2024, down by 47.5% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 15 homes were sold in Lincoln Heights; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.