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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lincoln County is a neutral's market

Buyer's
Market

Difference Since June 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, NC

How much do homes in Lincoln County, NC cost?

Median Sold Price

$370,866

$202/sqft

Based on all homes sold in the last 12 months.

Difference Since June 2023

-$3,741(-1.0%)

Key Takeaway

Homes in Lincoln County have sold for 1% less than they did a year ago.

Summary: The median home sold price in Lincoln County was $370,866 in June 2024, down 1% from last year, and the median price per square foot was $202.

Median Sold Price By Bedroom Count

# BEDSJun 2023Jun 2024CHANGE
1 $86.2K$148.5K
+72.1%
2 $210K$242.5K
+15.5%
3 $329.1K$329.7K
0.2%
4 $554.1K$540K
-2.5%
5+ $712K$646.1K
-9.2%

Summary: Lincoln County housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 72.1%, 2 bedroom homes increased by 15.5%, 3 bedroom homes increased by 0.2%, 4 bedroom homes decreased by 2.5%, and 5+ bedroom homes decreased by 9.2%.

Median Sold Price Compared To Nearby Counties

Catawba County
+7.2%
Burke County
+7.1%
Mecklenburg County
+4.9%
Iredell County
+3.6%
Lincoln County
-1.0%

Housing Supply in Lincoln County, NC

How many homes are available in Lincoln County, NC?

Number of Homes For Sale

May 2024Jun 2024CHANGE
438462+5.5%

Summary: The Lincoln County real estate market had 462 homes for sale in June 2024, a 5.5% increase compared to May 2024.

Homes For Sale By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 00
0.0%
2 3747
+27.0%
3 226224
-0.9%
4 129135
+4.7%
5+ 4656
+21.7%

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 27%, 3 bedroom homes decreased by 0.9%, 4 bedroom homes increased by 4.7%, and 5+ bedroom homes increased by 21.7%.

Number of Homes Sold

May 2024Jun 2024CHANGE
9675-21.9%

Asking Price vs. Sold Price

36 Homes Were Sold
Under Asking

23 Homes Were Sold
At Asking

16 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. 48% of homes here sold below asking price last month.

Summary: A total of 75 homes were sold or pending in Lincoln County in June 2024, down by 21.9% month-over-month. Of the 75 sold homes, 48% were sold under asking, 31% were sold at asking, and 21% were sold over asking.

Days on Market for Lincoln County, NC

How long does it take to sell a home in Lincoln County, NC?

Average Sale Time

Jun 2023Jun 2024CHANGE
41 Days36 Days-12.7%

Summary: Homes in Lincoln County had an average of 36 days on market in Jun 2024, down by 12.7% compared to last year.

Breakdown of Home Sale Times

51 Homes Were Sold
Under 30 Days

14 Homes Were Sold
In 30 - 90 Days

10 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Lincoln County are selling fast, if you're buying plan to act quickly.

Summary: During June 2024, 75 homes were sold in Lincoln County; 68% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 13% 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 26 Days Ago

Newest Listings in Lincoln County, NC

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What housing markets are near Lincoln County, NC?