Is East of Lincoln, CA 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, East of Lincoln has remained a Seller's Market.
Key Takeaway
East of Lincoln is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in East of Lincoln, CA
How much do homes in East of Lincoln, CA cost?
Median Sold Price
$2,425,000
$1,096/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in East of Lincoln have sold for 10.9% more than they did a year ago.
Summary: The median home sold price in East of Lincoln was $2,425,000 in April 2024, up 10.9% from last year, and the median price per square foot was $1,096.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $2.4M | - | N/A |
| 2 Bedrooms | $1.7M | $1.5M | -6.7% |
| 3 Bedrooms | $1.9M | $1.7M | -8.4% |
| 4 Bedrooms | $2.6M | $2.8M | +9.5% |
| 5+ Bedrooms | $4.4M | $3.2M | -26.5% |
Summary: East of Lincoln 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 decreased by 6.7%, 3 bedroom homes decreased by 8.4%, 4 bedroom homes increased by 9.5%, and 5+ bedroom homes decreased by 26.5%.
Median Sold Price Compared To Nearby Neighborhoods
| East of Lincoln | $2.1M | $2.4M | +10.9% |
| Sunset Park | $1.7M | $1.9M | +7.8% |
| Mar Vista | $1.9M | $2.0M | +5.1% |
| Venice | $1.9M | $1.9M | +2.1% |
Housing Supply in East of Lincoln, CA
How many homes are available in East of Lincoln, CA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 33 | 43 | +30.3% |
Summary: The East of Lincoln real estate market had 43 homes for sale in April 2024, a 30.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 1 | 5 | +400.0% |
| 3 Bedrooms | 6 | 11 | +83.3% |
| 4 Bedrooms | 16 | 16 | 0.0% |
| 5+ Bedrooms | 7 | 8 | +14.3% |
Summary: The East of Lincoln 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 increased by 400%, 3 bedroom homes increased by 83.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 4 | 11 | +175.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in East of Lincoln, you may be able to get a good deal. 63.6% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in East of Lincoln in April 2024, up by 175.0% month-over-month. Of the 11 sold homes, 64% were sold under asking, 27% were sold at asking, and 9% were sold over asking.
Days on Market for East of Lincoln, CA
How long does it take to sell a home in East of Lincoln, CA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 40 Days | 38 Days | -6.4% |
Summary: Homes in East of Lincoln had an average of 38 days on market in Apr 2024, down by 6.4% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in East of Lincoln are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 11 homes were sold in East of Lincoln; 45% of homes were sold within 30 days, 45% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.