Is Lincolnshire, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lincolnshire is a seller's market

Buyer's
Market

Difference Since November 2021

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

Key Takeaway

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

How much do homes in Lincolnshire, IL cost?

Median Sold Price

$610,000

$216/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$85,000(+16.2%)

Key Takeaway

Homes in Lincolnshire have sold for 16.2% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 --
N/A
2 $335K$369.5K
+10.3%
3 $460K$462.4K
0.5%
4 $627.4K$685K
+9.2%
5+ $750K$830K
+10.7%

Median Sold Price Compared To Nearby Cities

Lincolnshire
+16.2%
Vernon Hills
+11.6%
Vernon Township
+10.5%
Riverwoods
-1.2%

How many homes are available in Lincolnshire, IL?

Number of Homes For Sale

Oct 2022Nov 2022%
3326-21.2%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 00
0.0%
2 75
-28.6%
3 96
-33.3%
4 1110
-9.1%
5+ 65
-16.7%

Number of Homes Sold

Oct 2022Nov 2022%
12120.0%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lincolnshire, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
15 Days25 Days+59.9%

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

Breakdown of Home Sale Times

Key Takeaway

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

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

About Lincolnshire, IL

Lincolnshire, IL has 26 homes on the market. Between October 2022 and November 2022, Lincolnshire, IL real estate market has seen decrease in the number of listings by 21.2%. While the average time on the market in November 2022 was 25 days, the median list price was $610,000. From October 2022 through November 2022, the following changes in listing prices were observed in this housing market: the cost of 1 bedroom properties went up by 0%, 2 bedrooms properties prices increased by 10.3%, 3 bedrooms properties became 0.5% more expensive, 4 bedrooms properties prices increased by 9.2%, prices of 5 bedrooms properties increased by 10.7%. Volume of homes for sale changed: 1 bedroom homes inventory did not change, volume of 2 bedrooms homes went down by 28.6%, 3 bedrooms homes inventory decreased by 33.3%, 4 bedrooms homes inventory decreased by 9.1%, volume of 5 bedrooms homes went down by 16.7%. In November 2022 more than 2 listings in Lincolnshire, IL were sold above the asking price. During the same period more than 1 listings were sold at asking price, while more than 9 were sold below.

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