Is Lincoln City, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Lincoln City was a Seller's Market.
Key Takeaway
Lincoln City is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Lincoln City, OR
How much do homes in Lincoln City, OR cost?
Median Sold Price
$500,000
$349/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since April 2023.
Key Takeaway
The sold price of homes in Lincoln City has remained the same since last year.
Summary: The median home sold price in Lincoln City was $500,000 in April 2024, the same as last year, and the median price per square foot was $349.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $306.5K | $295K | -3.8% |
| 2 Bedrooms | $384K | $432.5K | +12.6% |
| 3 Bedrooms | $550K | $595K | +8.2% |
| 4 Bedrooms | $590K | $795K | +34.7% |
| 5+ Bedrooms | $1.1M | $689K | -42.4% |
Summary: Lincoln City housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.8%, 2 bedroom homes increased by 12.6%, 3 bedroom homes increased by 8.2%, 4 bedroom homes increased by 34.7%, and 5+ bedroom homes decreased by 42.4%.
Housing Supply in Lincoln City, OR
How many homes are available in Lincoln City, OR?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 75 | 82 | +9.3% |
Summary: The Lincoln City real estate market had 82 homes for sale in April 2024, a 9.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 5 | +66.7% |
| 2 Bedrooms | 14 | 14 | 0.0% |
| 3 Bedrooms | 40 | 42 | +5.0% |
| 4 Bedrooms | 14 | 15 | +7.1% |
| 5+ Bedrooms | 4 | 6 | +50.0% |
Summary: The Lincoln City housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 66.7%, 2 bedroom homes remained the same, 3 bedroom homes increased by 5%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 9 | 10 | +11.1% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lincoln City, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Lincoln City in April 2024, up by 11.1% month-over-month. Of the 10 sold homes, 60% were sold under asking, 10% were sold at asking, and 30% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 60 Days | 96 Days | +61.2% |
Summary: Homes in Lincoln City had an average of 96 days on market in Apr 2024, up by 61.2% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Lincoln City are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During April 2024, 10 homes were sold in Lincoln City; 30% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.
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