Is Lincoln, 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, Lincoln has remained a Seller's Market.
Housing Prices in Lincoln, IL
How much do homes in Lincoln, IL cost?
Median Sold Price
$101,500
$81/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Lincoln was $101,500 in April 2024, up 16.7% from last year, and the median price per square foot was $81.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $42K | $29.5K | -29.8% |
2 Bedrooms | $62K | $75K | +21.0% |
3 Bedrooms | $110K | $118.5K | +7.7% |
4 Bedrooms | $129K | $159.2K | +23.4% |
5+ Bedrooms | $165K | $175K | +6.1% |
Summary: Lincoln housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 29.8%, 2 bedroom homes increased by 21%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 23.4%, and 5+ bedroom homes increased by 6.1%.
Median Sold Price Compared To Nearby Cities
Lincoln | $86.9K | $101.5K | +16.7% |
Metropolis | $75.9K | $81.9K | +8.0% |
Housing Supply in Lincoln, IL
How many homes are available in Lincoln, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
57 | 61 | +7.0% |
Summary: The Lincoln real estate market had 61 homes for sale in April 2024, a 7.0% 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 | 16 | 20 | +25.0% |
3 Bedrooms | 26 | 21 | -19.2% |
4 Bedrooms | 10 | 13 | +30.0% |
5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The 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 25%, 3 bedroom homes decreased by 19.2%, 4 bedroom homes increased by 30%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
20 | 12 | -40.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in Lincoln in April 2024, down by 40.0% month-over-month. Of the 12 sold homes, 42% were sold under asking, 33% were sold at asking, and 25% were sold over asking.
Days on Market for Lincoln, IL
How long does it take to sell a home in Lincoln, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
39 Days | 30 Days | -23.9% |
Summary: Homes in Lincoln had an average of 30 days on market in Apr 2024, down by 23.9% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 12 homes were sold in Lincoln; 75% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.