Is Lincoln County, MT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
At the same time last year, Lincoln County was a Seller's Market.
Housing Prices in Lincoln County, MT
How much do homes in Lincoln County, MT cost?
Median Sold Price
$359,000
$238/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Lincoln County was $359,000 in June 2024, down 12.5% from last year, and the median price per square foot was $238.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $270.7K | $268K | -1.0% |
2 Bedrooms | $310K | $300K | -3.2% |
3 Bedrooms | $430K | $459K | +6.7% |
4 Bedrooms | $462.5K | $378K | -18.3% |
5+ Bedrooms | $535K | $373.7K | -30.1% |
Summary: Lincoln County housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1%, 2 bedroom homes decreased by 3.2%, 3 bedroom homes increased by 6.7%, 4 bedroom homes decreased by 18.3%, and 5+ bedroom homes decreased by 30.1%.
Median Sold Price Compared To Nearby Counties
Flathead County | $600.7K | $631K | +5.0% |
Sanders County | $480K | $437K | -9.0% |
Lincoln County | $410.5K | $359K | -12.5% |
Housing Supply in Lincoln County, MT
How many homes are available in Lincoln County, MT?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
241 | 282 | +17.0% |
Summary: The Lincoln County real estate market had 282 homes for sale in June 2024, a 17.0% increase compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 27 | 27 | 0.0% |
2 Bedrooms | 57 | 69 | +21.1% |
3 Bedrooms | 101 | 116 | +14.9% |
4 Bedrooms | 36 | 44 | +22.2% |
5+ Bedrooms | 20 | 26 | +30.0% |
Summary: The Lincoln County housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 21.1%, 3 bedroom homes increased by 14.9%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes increased by 30%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
25 | 19 | -24.0% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 19 homes were sold or pending in Lincoln County in June 2024, down by 24.0% month-over-month. Of the 19 sold homes, 53% were sold under asking, 37% were sold at asking, and 11% were sold over asking.
Days on Market for Lincoln County, MT
How long does it take to sell a home in Lincoln County, MT?
Average Sale Time
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
129 Days | 121 Days | -5.8% |
Summary: Homes in Lincoln County had an average of 121 days on market in Jun 2024, down by 5.8% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Summary: During June 2024, 19 homes were sold in Lincoln County; 5% of homes were sold within 30 days, 47% of homes were sold within 30 to 90 days, and 47% of homes were sold over 90 days.