Is Lincoln Township, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lincoln Township is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, Lincoln Township has remained a Seller's Market.

Key Takeaway

Lincoln Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Lincoln Township, IL

How much do homes in Lincoln Township, IL cost?

Median Sold Price

$110,000

$83/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$3,250(+3.0%)

Key Takeaway

Homes in Lincoln Township have sold for 3% more than they did a year ago.

Summary: The median home sold price in Lincoln Township was $110,000 in April 2024, up 3% from last year, and the median price per square foot was $83.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $42K$30K
-28.6%
2 $84K$77.6K
-7.6%
3 $131K$119.9K
-8.4%
4 $128.3K$160K
+24.7%
5+ $165K$175K
+6.1%

Summary: Lincoln Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 28.6%, 2 bedroom homes decreased by 7.6%, 3 bedroom homes decreased by 8.4%, 4 bedroom homes increased by 24.7%, and 5+ bedroom homes increased by 6.1%.

Median Sold Price Compared To Nearby Cities

Buffalo Township
+19.0%
Lincoln Township
+3.0%
Forreston Township
-13.0%

Housing Supply in Lincoln Township, IL

How many homes are available in Lincoln Township, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
55550.0%

Summary: The Lincoln Township real estate market had 55 homes for sale in April 2024, the same as March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 33
0.0%
2 1618
+12.5%
3 2418
-25.0%
4 1012
+20.0%
5+ 24
+100.0%

Summary: The Lincoln Township 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 12.5%, 3 bedroom homes decreased by 25%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
2111-47.6%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lincoln Township, you may be able to get a good deal. 36.4% of homes here sold below asking price last month.

Summary: A total of 11 homes were sold or pending in Lincoln Township in April 2024, down by 47.6% month-over-month. Of the 11 sold homes, 36% were sold under asking, 36% were sold at asking, and 27% were sold over asking.

Days on Market for Lincoln Township, IL

How long does it take to sell a home in Lincoln Township, IL?

Average Sale Time

Apr 2023Apr 2024CHANGE
43 Days32 Days-23.6%

Summary: Homes in Lincoln Township had an average of 32 days on market in Apr 2024, down by 23.6% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Lincoln Township are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 11 homes were sold in Lincoln Township; 73% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 6 Days Ago

Newest Listings in Lincoln Township, IL

Nearby Markets to Lincoln Township, IL