Is Lincolnshire, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Lincolnshire has remained a Seller's Market.
Housing Prices in Lincolnshire, IL
How much do homes in Lincolnshire, IL cost?
Median Sold Price
$599,900
$227/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Lincolnshire was $599,900 in April 2024, down 5.6% from last year, and the median price per square foot was $227.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $373.2K | $385K | +3.1% |
3 Bedrooms | $530.5K | $508.5K | -4.1% |
4 Bedrooms | $700.5K | $790K | +12.8% |
5+ Bedrooms | $839.2K | $818.9K | -2.4% |
Summary: Lincolnshire housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 3.1%, 3 bedroom homes decreased by 4.1%, 4 bedroom homes increased by 12.8%, and 5+ bedroom homes decreased by 2.4%.
Median Sold Price Compared To Nearby Cities
Vernon Hills | $380K | $402.5K | +5.9% |
Riverwoods | $735K | $777.5K | +5.8% |
Vernon Township | $459.7K | $483.3K | +5.1% |
Lincolnshire | $635.4K | $599.9K | -5.6% |
Housing Supply in Lincolnshire, IL
How many homes are available in Lincolnshire, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
46 | 49 | +6.5% |
Summary: The Lincolnshire real estate market had 49 homes for sale in April 2024, a 6.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 12 | 8 | -33.3% |
3 Bedrooms | 12 | 10 | -16.7% |
4 Bedrooms | 14 | 18 | +28.6% |
5+ Bedrooms | 8 | 13 | +62.5% |
Summary: The Lincolnshire housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes increased by 62.5%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
15 | 10 | -33.3% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in Lincolnshire in April 2024, down by 33.3% month-over-month. Of the 10 sold homes, 60% were sold under asking, 0% were sold at asking, and 40% were sold over asking.
Days on Market for Lincolnshire, IL
How long does it take to sell a home in Lincolnshire, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
34 Days | 14 Days | -56.8% |
Summary: Homes in Lincolnshire had an average of 14 days on market in Apr 2024, down by 56.8% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 10 homes were sold in Lincolnshire; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.