Is Lincoln City, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Lincoln City was a Seller's Market.
Housing Prices in Lincoln City, OR
How much do homes in Lincoln City, OR cost?
Median Sold Price
$507,500
$354/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Lincoln City was $507,500 in May 2024, up 1.5% from last year, and the median price per square foot was $354.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $306.5K | $295K | -3.8% |
2 Bedrooms | $377.5K | $442.5K | +17.2% |
3 Bedrooms | $556.2K | $582.5K | +4.7% |
4 Bedrooms | $625K | $895K | +43.2% |
5+ Bedrooms | $1.1M | $689K | -42.4% |
Summary: Lincoln City housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.8%, 2 bedroom homes increased by 17.2%, 3 bedroom homes increased by 4.7%, 4 bedroom homes increased by 43.2%, and 5+ bedroom homes decreased by 42.4%.
Median Sold Price Compared To Nearby Cities
Otis | $377.5K | $396.1K | +4.9% |
Lincoln City | $500K | $507.5K | +1.5% |
Housing Supply in Lincoln City, OR
How many homes are available in Lincoln City, OR?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
87 | 99 | +13.8% |
Summary: The Lincoln City real estate market had 99 homes for sale in May 2024, a 13.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 7 | +40.0% |
2 Bedrooms | 15 | 18 | +20.0% |
3 Bedrooms | 45 | 47 | +4.4% |
4 Bedrooms | 16 | 19 | +18.8% |
5+ Bedrooms | 6 | 8 | +33.3% |
Summary: The Lincoln City housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 40%, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 4.4%, 4 bedroom homes increased by 18.8%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
10 | 9 | -10.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Lincoln City in May 2024, down by 10.0% month-over-month. Of the 9 sold homes, 67% were sold under asking, 22% were sold at asking, and 11% were sold over asking.
Days on Market for Lincoln City, OR
How long does it take to sell a home in Lincoln City, OR?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
56 Days | 78 Days | +39.1% |
Summary: Homes in Lincoln City had an average of 78 days on market in May 2024, up by 39.1% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During May 2024, 9 homes were sold in Lincoln City; 44% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.