Is Lincoln County, OK 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 County has remained a Seller's Market.
Housing Prices in Lincoln County, OK
How much do homes in Lincoln County, OK cost?
Median Sold Price
$161,250
$115/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Lincoln County was $161,250 in May 2024, down 0.8% from last year, and the median price per square foot was $115.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $102.3K | $77.1K | -24.6% |
2 Bedrooms | $87.5K | $96.2K | +10.0% |
3 Bedrooms | $164K | $181K | +10.4% |
4 Bedrooms | $220.4K | $278K | +26.1% |
5+ Bedrooms | $335K | $236K | -29.6% |
Summary: Lincoln County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 24.6%, 2 bedroom homes increased by 10%, 3 bedroom homes increased by 10.4%, 4 bedroom homes increased by 26.1%, and 5+ bedroom homes decreased by 29.6%.
Median Sold Price Compared To Nearby Counties
Pottawatomie County | $183.3K | $199.9K | +9.1% |
Oklahoma County | $250K | $254.6K | +1.9% |
Lincoln County | $162.5K | $161.2K | -0.8% |
Logan County | $254.2K | $250K | -1.7% |
Payne County | $212K | $205K | -3.3% |
Housing Supply in Lincoln County, OK
How many homes are available in Lincoln County, OK?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
110 | 100 | -9.1% |
Summary: The Lincoln County real estate market had 100 homes for sale in May 2024, a 9.1% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 3 | +50.0% |
2 Bedrooms | 15 | 13 | -13.3% |
3 Bedrooms | 66 | 57 | -13.6% |
4 Bedrooms | 23 | 23 | 0.0% |
5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Lincoln County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 13.3%, 3 bedroom homes decreased by 13.6%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
26 | 22 | -15.4% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 22 homes were sold or pending in Lincoln County in May 2024, down by 15.4% month-over-month. Of the 22 sold homes, 50% were sold under asking, 41% were sold at asking, and 9% were sold over asking.
Days on Market for Lincoln County, OK
How long does it take to sell a home in Lincoln County, OK?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
29 Days | 23 Days | -19.9% |
Summary: Homes in Lincoln County had an average of 23 days on market in May 2024, down by 19.9% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 22 homes were sold in Lincoln County; 77% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.