Is Lincoln Township, 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 Township has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $42K | $30K | -28.6% |
2 Bedrooms | $84K | $77.6K | -7.6% |
3 Bedrooms | $131K | $119.9K | -8.4% |
4 Bedrooms | $128.3K | $160K | +24.7% |
5+ Bedrooms | $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 | $105K | $125K | +19.0% |
Lincoln Township | $106.7K | $110K | +3.0% |
Forreston Township | $103.5K | $90K | -13.0% |
Housing Supply in Lincoln Township, IL
How many homes are available in Lincoln Township, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
55 | 55 | 0.0% |
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
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 3 | 0.0% |
2 Bedrooms | 16 | 18 | +12.5% |
3 Bedrooms | 24 | 18 | -25.0% |
4 Bedrooms | 10 | 12 | +20.0% |
5+ Bedrooms | 2 | 4 | +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 2024 | Apr 2024 | CHANGE |
---|---|---|
21 | 11 | -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
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 2023 | Apr 2024 | CHANGE |
---|---|---|
43 Days | 32 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
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.