Is Lincoln County, MT a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lincoln County is a buyer's market

Buyer's
Market

Difference Since March 2023

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

Key Takeaway

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

Housing Prices in Lincoln County, MT

How much do homes in Lincoln County, MT cost?

Median Sold Price

$362,500

$242/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

-$67,500(-15.7%)

Key Takeaway

Homes in Lincoln County have sold for 15.7% less than they did a year ago.

Summary: The median home sold price in Lincoln County was $362,500 in March 2024, down 15.7% from last year, and the median price per square foot was $242.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $277.5K$230K
-17.1%
2 $308.6K$300K
-2.8%
3 $466K$488K
+4.7%
4 $500K$437.5K
-12.5%
5+ $532.5K$710K
+33.3%

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 17.1%, 2 bedroom homes decreased by 2.8%, 3 bedroom homes increased by 4.7%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes increased by 33.3%.

Median Sold Price Compared To Nearby Counties

Sanders County
+9.9%
Flathead County
0.3%
Lincoln County
-15.7%

Housing Supply in Lincoln County, MT

How many homes are available in Lincoln County, MT?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
147164+11.6%

Summary: The Lincoln County real estate market had 164 homes for sale in March 2024, a 11.6% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 1316
+23.1%
2 3841
+7.9%
3 6770
+4.5%
4 1420
+42.9%
5+ 1517
+13.3%

Summary: The Lincoln County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 23.1%, 2 bedroom homes increased by 7.9%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 42.9%, and 5+ bedroom homes increased by 13.3%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
1516+6.7%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lincoln County, you may be able to get a good deal. 81.3% of homes here sold below asking price last month.

Summary: A total of 16 homes were sold or pending in Lincoln County in March 2024, up by 6.7% month-over-month. Of the 16 sold homes, 81% were sold under asking, 19% were sold at asking, and 0% 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

Mar 2023Mar 2024CHANGE
132 Days187 Days+41.2%

Summary: Homes in Lincoln County had an average of 187 days on market in Mar 2024, up by 41.2% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

11 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Lincoln County are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During March 2024, 16 homes were sold in Lincoln County; 19% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 69% 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 11 Days Ago

Newest Listings in Lincoln County, MT

Nearby Markets to Lincoln County, MT

What housing markets are near Lincoln County, MT?