Is Lincoln County, KY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Lincoln County was a Seller's Market.
Key Takeaway
Lincoln County is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Lincoln County, KY
How much do homes in Lincoln County, KY cost?
Median Sold Price
$195,000
-
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Lincoln County have sold for 8.3% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $120.5K | $130K | +7.9% |
| 2 Bedrooms | $150K | $120.5K | -19.7% |
| 3 Bedrooms | $178K | $195K | +9.6% |
| 4 Bedrooms | $209.7K | $235K | +12.0% |
| 5+ Bedrooms | $187K | $370K | +97.9% |
Summary: Lincoln County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.9%, 2 bedroom homes decreased by 19.7%, 3 bedroom homes increased by 9.6%, 4 bedroom homes increased by 12%, and 5+ bedroom homes increased by 97.9%.
Median Sold Price Compared To Nearby Counties
| Lincoln County | $180K | $195K | +8.3% |
| Garrard County | $250K | $260K | +4.0% |
| Rockcastle County | $160.5K | $163.7K | +2.0% |
| Boyle County | $238K | $225K | -5.5% |
Housing Supply in Lincoln County, KY
How many homes are available in Lincoln County, KY?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 62 | 71 | +14.5% |
Summary: The Lincoln County real estate market had 71 homes for sale in April 2024, a 14.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 12 | 12 | 0.0% |
| 3 Bedrooms | 36 | 41 | +13.9% |
| 4 Bedrooms | 7 | 8 | +14.3% |
| 5+ Bedrooms | 4 | 7 | +75.0% |
Summary: The Lincoln County 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 remained the same, 3 bedroom homes increased by 13.9%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes increased by 75%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 15 | 11 | -26.7% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Lincoln County, you may be able to get a good deal. 63.6% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in Lincoln County in April 2024, down by 26.7% month-over-month. Of the 11 sold homes, 64% were sold under asking, 27% were sold at asking, and 9% were sold over asking.
Days on Market for Lincoln County, KY
How long does it take to sell a home in Lincoln County, KY?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 27 Days | 91 Days | +229.2% |
Summary: Homes in Lincoln County had an average of 91 days on market in Apr 2024, up by 229.2% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lincoln County are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 11 homes were sold in Lincoln County; 36% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Lexington-Bluegrass Association of Realtors Multiple Listing Service. Real estate listings held by IDX Brokerage firms other than this broker, are marked with the IDX logo or the IDX thumbnail logo and detailed information about them includes the name of the listing IDX Brokers. Information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Listing(s) information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. © 2024 LBAR Multiple Listing Service. All rights reserved.