Is Lincoln, MT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Lincoln was a Seller's Market.
Housing Prices in Lincoln, MT
How much do homes in Lincoln, MT cost?
Median Sold Price
$460,000
$250/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Lincoln was $460,000 in March 2024, up 3% from last year, and the median price per square foot was $250.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $204.5K | $294.5K | +44.0% |
2 Bedrooms | $325K | $394.8K | +21.5% |
3 Bedrooms | $425K | $444.7K | +4.6% |
4 Bedrooms | $475K | $485K | +2.1% |
5+ Bedrooms | $551K | $580.6K | +5.4% |
Summary: Lincoln housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 44%, 2 bedroom homes increased by 21.5%, 3 bedroom homes increased by 4.6%, 4 bedroom homes increased by 2.1%, and 5+ bedroom homes increased by 5.4%.
Median Sold Price Compared To Nearby Cities
Wolf Creek | $644K | $689.9K | +7.1% |
Lincoln | $446.5K | $460K | +3.0% |
Housing Supply in Lincoln, MT
How many homes are available in Lincoln, MT?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
34 | 44 | +29.4% |
Summary: The Lincoln real estate market had 44 homes for sale in March 2024, a 29.4% 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 | 6 | 5 | -16.7% |
3 Bedrooms | 12 | 20 | +66.7% |
4 Bedrooms | 8 | 9 | +12.5% |
5+ Bedrooms | 8 | 10 | +25.0% |
Summary: The Lincoln 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 decreased by 16.7%, 3 bedroom homes increased by 66.7%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
3 | 4 | +33.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Lincoln in March 2024, up by 33.3% month-over-month. Of the 4 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Lincoln, MT
How long does it take to sell a home in Lincoln, MT?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
90 Days | 43 Days | -51.8% |
Summary: Homes in Lincoln had an average of 43 days on market in Mar 2024, down by 51.8% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 4 homes were sold in Lincoln; 25% of homes were sold within 30 days, 75% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.