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 November 2021

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.

How much do homes in Lincoln County, NC cost?

Median Sold Price

$370,853

$191/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$46,601(+14.4%)

Key Takeaway

Homes in Lincoln County have sold for 14.4% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 -$72.5K
N/A
2 $170K$189K
+11.2%
3 $279.9K$325.3K
+16.2%
4 $445K$507.1K
+13.9%
5+ $525K$599K
+14.1%

Median Sold Price Compared To Nearby Counties

Mecklenburg County
+16.3%
Burke County
+15.0%
Lincoln County
+14.4%
Iredell County
+12.9%
Catawba County
+9.2%

How many homes are available in Lincoln County, NC?

Number of Homes For Sale

Oct 2022Nov 2022%
398368-7.5%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 65
-16.7%
2 3133
+6.5%
3 227206
-9.3%
4 9991
-8.1%
5+ 3533
-5.7%

Number of Homes Sold

Oct 2022Nov 2022%
9861-37.8%

Asking Price vs. Sold Price

28 Homes Were Sold
Under Asking

14 Homes Were Sold
At Asking

19 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. 45.9% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
25 Days24 Days-4.8%

Breakdown of Home Sale Times

48 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

4 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Lincoln County, NC

Lincoln County, NC has 368 homes for sale to choose from. The number of homes for sale in Lincoln County, NC decreased by 7.5% between October 2022 and November 2022. In November 2022, listings were on the market for 24 days. During the same period, the median list price in this real estate market was $370,853. Real estate listing prices changed between October 2022 and November 2022: prices of 1 bedroom properties went up by 0%, prices of 2 bedrooms properties went up by 11.2%, prices of 3 bedrooms properties went up by 16.2%, the cost of 4 bedrooms properties went up by 13.9%, the cost of 5 bedrooms properties went up by 14.1%. Housing inventory have changed in this real estate market: the quantity of 1 bedroom homes went down by 16.7%, 2 bedrooms homes inventory increased by 6.5%, 3 bedrooms homes inventory decreased by 9.3%, 4 bedrooms homes inventory decreased by 8.1%, number of 5 bedrooms homes decreased by 5.7%. Lincoln County, NC housing market in November 2022 saw over 19 listings sold above listed price, more than 14 sold at listed price and over 28 sold below.

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