Is Lincoln, DE a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Lincoln has remained a Buyer's Market.
Housing Prices in Lincoln, DE
How much do homes in Lincoln, DE cost?
Median Sold Price
$360,000
$205/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Lincoln was $360,000 in March 2024, up 15.4% from last year, and the median price per square foot was $205.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $250K | $265K | +6.0% |
3 Bedrooms | $315K | $320K | +1.6% |
4 Bedrooms | $407.4K | $491K | +20.5% |
5+ Bedrooms | - | $395K | N/A |
Summary: Lincoln housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 6%, 3 bedroom homes increased by 1.6%, 4 bedroom homes increased by 20.5%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Milford | $285K | $335K | +17.5% |
Milford South | $299.6K | $348.9K | +16.5% |
Lincoln | $312K | $360K | +15.4% |
Milford | $299.9K | $334.1K | +11.4% |
Bridgeville-Greenwood | $320K | $339.7K | +6.2% |
Housing Supply in Lincoln, DE
How many homes are available in Lincoln, DE?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
40 | 42 | +5.0% |
Summary: The Lincoln real estate market had 42 homes for sale in March 2024, a 5.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 0 | 0.0% |
3 Bedrooms | 27 | 29 | +7.4% |
4 Bedrooms | 11 | 9 | -18.2% |
5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The Lincoln housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 7.4%, 4 bedroom homes decreased by 18.2%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
4 | 5 | +25.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Lincoln in March 2024, up by 25.0% month-over-month. Of the 5 sold homes, 20% were sold under asking, 60% were sold at asking, and 20% were sold over asking.
Days on Market for Lincoln, DE
How long does it take to sell a home in Lincoln, DE?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
9 Days | 100 Days | +956.8% |
Summary: Homes in Lincoln had an average of 100 days on market in Mar 2024, up by 956.8% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 5 homes were sold in Lincoln; 20% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.