Is Lincolnshire, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, Lincolnshire was a Seller's Market.
Housing Prices in Lincolnshire, IL
How much do homes in Lincolnshire, IL cost?
Median Sold Price
$635,000
$229/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Lincolnshire was $635,000 in February 2024, up 2% from last year, and the median price per square foot was $229.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $371K | $386K | +4.0% |
3 Bedrooms | $490K | $508.5K | +3.8% |
4 Bedrooms | $688.7K | $788.5K | +14.5% |
5+ Bedrooms | $839.2K | $818.9K | -2.4% |
Summary: Lincolnshire housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 4%, 3 bedroom homes increased by 3.8%, 4 bedroom homes increased by 14.5%, and 5+ bedroom homes decreased by 2.4%.
Median Sold Price Compared To Nearby Cities
Vernon Hills | $375K | $397K | +5.8% |
Lincolnshire | $622.5K | $635K | +2.0% |
Vernon Township | $459.7K | $467K | +1.6% |
Housing Supply in Lincolnshire, IL
How many homes are available in Lincolnshire, IL?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
23 | 34 | +47.8% |
Summary: The Lincolnshire real estate market had 34 homes for sale in February 2024, a 47.8% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 8 | +166.7% |
3 Bedrooms | 6 | 9 | +50.0% |
4 Bedrooms | 9 | 11 | +22.2% |
5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The Lincolnshire housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 166.7%, 3 bedroom homes increased by 50%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
3 | 2 | -33.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Lincolnshire in February 2024, down by 33.3% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% 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
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
28 Days | 21 Days | -25.2% |
Summary: Homes in Lincolnshire had an average of 21 days on market in Feb 2024, down by 25.2% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During February 2024, 2 homes were sold in Lincolnshire; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.