Is Lincoln County, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Lincoln County has remained a Seller's Market.
Housing Prices in Lincoln County, MN
How much do homes in Lincoln County, MN cost?
Median Sold Price
$130,000
$72/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Lincoln County was $130,000 in March 2024, up 6.1% from last year, and the median price per square foot was $72.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $56K | $45K | -19.6% |
2 Bedrooms | $85K | $94K | +10.6% |
3 Bedrooms | $97.5K | $120K | +23.1% |
4 Bedrooms | $180K | $180K | 0.0% |
5+ Bedrooms | $206K | $226K | +9.7% |
Summary: Lincoln County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 19.6%, 2 bedroom homes increased by 10.6%, 3 bedroom homes increased by 23.1%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 9.7%.
Median Sold Price Compared To Nearby Counties
Pipestone County | $147.5K | $163K | +10.5% |
Yellow Medicine County | $134.9K | $145K | +7.5% |
Lincoln County | $122.5K | $130K | +6.1% |
Lyon County | $190.5K | $185K | -2.9% |
Housing Supply in Lincoln County, MN
How many homes are available in Lincoln County, MN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
9 | 12 | +33.3% |
Summary: The Lincoln County real estate market had 12 homes for sale in March 2024, a 33.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 1 | +100.0% |
3 Bedrooms | 5 | 8 | +60.0% |
4 Bedrooms | 4 | 3 | -25.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Lincoln County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 60%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
1 | 3 | +200.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Lincoln County in March 2024, up by 200.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Lincoln County, MN
How long does it take to sell a home in Lincoln County, MN?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
78 Days | 59 Days | -24.4% |
Summary: Homes in Lincoln County had an average of 59 days on market in Mar 2024, down by 24.4% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 3 homes were sold in Lincoln County; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.