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 April 2023

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.

Housing Prices in Lincolnshire, IL

How much do homes in Lincolnshire, IL cost?

Median Sold Price

$599,900

$227/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

-$35,550(-5.6%)

Key Takeaway

Homes in Lincolnshire have sold for 5.6% less than they did a year ago.

Summary: The median home sold price in Lincolnshire was $599,900 in April 2024, down 5.6% from last year, and the median price per square foot was $227.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 --
N/A
2 $373.2K$385K
+3.1%
3 $530.5K$508.5K
-4.1%
4 $700.5K$790K
+12.8%
5+ $839.2K$818.9K
-2.4%

Summary: Lincolnshire housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 3.1%, 3 bedroom homes decreased by 4.1%, 4 bedroom homes increased by 12.8%, and 5+ bedroom homes decreased by 2.4%.

Median Sold Price Compared To Nearby Cities

Vernon Hills
+5.9%
Riverwoods
+5.8%
Vernon Township
+5.1%
Lincolnshire
-5.6%

Housing Supply in Lincolnshire, IL

How many homes are available in Lincolnshire, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
4649+6.5%

Summary: The Lincolnshire real estate market had 49 homes for sale in April 2024, a 6.5% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 128
-33.3%
3 1210
-16.7%
4 1418
+28.6%
5+ 813
+62.5%

Summary: The Lincolnshire 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 decreased by 33.3%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes increased by 62.5%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
1510-33.3%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

4 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. 60% of homes here sold below asking price last month.

Summary: A total of 10 homes were sold or pending in Lincolnshire in April 2024, down by 33.3% month-over-month. Of the 10 sold homes, 60% were sold under asking, 0% were sold at asking, and 40% were sold over asking.

Days on Market for Lincolnshire, IL

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

Average Sale Time

Apr 2023Apr 2024CHANGE
34 Days14 Days-56.8%

Summary: Homes in Lincolnshire had an average of 14 days on market in Apr 2024, down by 56.8% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were 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.

Summary: During April 2024, 10 homes were sold in Lincolnshire; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% 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 10 Days Ago

Newest Listings in Lincolnshire, IL

Nearby Markets to Lincolnshire, IL

What housing markets are near Lincolnshire, IL?