Is Lincoln County, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, Lincoln County has remained a Seller's Market.
Housing Prices in Lincoln County, NC
How much do homes in Lincoln County, NC cost?
Median Sold Price
$370,005
$199/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Lincoln County was $370,005 in February 2024, down 0.5% from last year, and the median price per square foot was $199.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $75K | $180K | +140.0% |
2 Bedrooms | $200K | $239K | +19.5% |
3 Bedrooms | $324.9K | $330K | +1.5% |
4 Bedrooms | $540K | $538.3K | -0.3% |
5+ Bedrooms | $592K | $720K | +21.6% |
Summary: Lincoln County housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 140%, 2 bedroom homes increased by 19.5%, 3 bedroom homes increased by 1.5%, 4 bedroom homes decreased by 0.3%, and 5+ bedroom homes increased by 21.6%.
Median Sold Price Compared To Nearby Counties
Catawba County | $263.5K | $289.7K | +10.0% |
Burke County | $239.8K | $250.1K | +4.3% |
Mecklenburg County | $414.5K | $425.5K | +2.6% |
Lincoln County | $372K | $370K | -0.5% |
Iredell County | $378.6K | $376.7K | -0.5% |
Housing Supply in Lincoln County, NC
How many homes are available in Lincoln County, NC?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
331 | 348 | +5.1% |
Summary: The Lincoln County real estate market had 348 homes for sale in February 2024, a 5.1% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 2 | -33.3% |
2 Bedrooms | 29 | 35 | +20.7% |
3 Bedrooms | 186 | 190 | +2.2% |
4 Bedrooms | 83 | 84 | +1.2% |
5+ Bedrooms | 30 | 37 | +23.3% |
Summary: The Lincoln County housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 20.7%, 3 bedroom homes increased by 2.2%, 4 bedroom homes increased by 1.2%, and 5+ bedroom homes increased by 23.3%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
48 | 71 | +47.9% |
Asking Price vs. Sold Price
44 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Summary: A total of 71 homes were sold or pending in Lincoln County in February 2024, up by 47.9% month-over-month. Of the 71 sold homes, 62% were sold under asking, 15% were sold at asking, and 23% 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
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
48 Days | 48 Days | +0.7% |
Summary: Homes in Lincoln County had an average of 48 days on market in Feb 2024, up by 0.7% compared to last year.
Breakdown of Home Sale Times
34 Homes Were Sold
Under 30 Days
23 Homes Were Sold
In 30 - 90 Days
14 Homes Were Sold
Over 90 Days
Summary: During February 2024, 71 homes were sold in Lincoln County; 48% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.