Is Lincoln County, NC 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, 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
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
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $86.2K | $148.5K | +72.1% |
2 Bedrooms | $210K | $242.5K | +15.5% |
3 Bedrooms | $329.1K | $329.7K | 0.2% |
4 Bedrooms | $554.1K | $540K | -2.5% |
5+ Bedrooms | $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 | $274.9K | $294.8K | +7.2% |
Burke County | $242.2K | $259.4K | +7.1% |
Mecklenburg County | $415K | $435.2K | +4.9% |
Iredell County | $373.8K | $387.1K | +3.6% |
Lincoln County | $374.6K | $370.8K | -1.0% |
Housing Supply in Lincoln County, NC
How many homes are available in Lincoln County, NC?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
438 | 462 | +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
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 37 | 47 | +27.0% |
3 Bedrooms | 226 | 224 | -0.9% |
4 Bedrooms | 129 | 135 | +4.7% |
5+ Bedrooms | 46 | 56 | +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 2024 | Jun 2024 | CHANGE |
---|---|---|
96 | 75 | -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
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 2023 | Jun 2024 | CHANGE |
---|---|---|
41 Days | 36 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
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.