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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lincolnshire is a buyer's market

Buyer's
Market

Difference Since February 2023

At the same time last year, Lincolnshire was a Seller's Market.

Key Takeaway

Lincolnshire is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

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

+$12,500(+2.0%)

Key Takeaway

Homes in Lincolnshire have sold for 2% more than they did a year ago.

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

# BEDSFeb 2023Feb 2024CHANGE
1 --
N/A
2 $371K$386K
+4.0%
3 $490K$508.5K
+3.8%
4 $688.7K$788.5K
+14.5%
5+ $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
+5.8%
Lincolnshire
+2.0%
Vernon Township
+1.6%

Housing Supply in Lincolnshire, IL

How many homes are available in Lincolnshire, IL?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
2334+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

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 38
+166.7%
3 69
+50.0%
4 911
+22.2%
5+ 56
+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 2024Feb 2024CHANGE
32-33.3%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lincolnshire, you may be able to get a good deal. 100% of homes here sold below asking price last month.

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 2023Feb 2024CHANGE
28 Days21 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

Breakdown of Home Sale Times

Key Takeaway

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

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.

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

Report Updated 27 Days Ago

Newest Listings in Lincolnshire, IL

Nearby Markets to Lincolnshire, IL

What housing markets are near Lincolnshire, IL?