Is Lincolnton, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2022
At the same time last year, Lincolnton was a Seller's Market.
Key Takeaway
Lincolnton 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
How much do homes in Lincolnton, NC cost?
Median Sold Price
$294,500
$178/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2022
Key Takeaway
Homes in Lincolnton have sold for 21.5% more than they did a year ago.
Summary: The median home sold price in Lincolnton was $294,500 in August 2023, up 21.5% from last year, and the median price per square foot was $178.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2022 | Aug 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $62.5K | $159K | +154.3% |
| 2 Bedrooms | $150K | $175K | +16.7% |
| 3 Bedrooms | $247K | $294K | +19.0% |
| 4 Bedrooms | $350K | $420K | +20.0% |
| 5+ Bedrooms | $380K | $427K | +12.4% |
Summary: Lincolnton housing prices by bedroom type for August 2023 compared to the previous year: The home price of 1 bedroom homes increased by 154.3%, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 19%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 12.4%.
Median Sold Price Compared To Nearby Cities
| Lincolnton | $242.4K | $294.5K | +21.5% |
| Lincolnton Township | $254.8K | $290K | +13.8% |
| Ironton Township | $320K | $329.9K | +3.1% |
| Howards Creek Township | $290K | $285K | -1.7% |
Housing Supply
How many homes are available in Lincolnton, NC?
Number of Homes For Sale
| Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|
| 139 | 147 | +5.8% |
Summary: The Lincolnton real estate market had 147 homes for sale in August 2023, a 5.8% increase compared to July 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 12 | 12 | 0.0% |
| 3 Bedrooms | 99 | 108 | +9.1% |
| 4 Bedrooms | 24 | 23 | -4.2% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Lincolnton housing inventory by bedroom type for August 2023 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes remained the same, 3 bedroom homes increased by 9.1%, 4 bedroom homes decreased by 4.2%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|
| 33 | 24 | -27.3% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lincolnton, you may be able to get a good deal. 45.8% of homes here sold below asking price last month.
Summary: A total of 24 homes were sold or pending in Lincolnton in August 2023, down by 27.3% month-over-month. Of the 24 sold homes, 46% were sold under asking, 42% were sold at asking, and 13% were sold over asking.
Days on Market
How long does it take to sell a home in Lincolnton, NC?
Average Sale Time
| Aug 2022 | Aug 2023 | CHANGE |
|---|---|---|
| 20 Days | 44 Days | +117.8% |
Summary: Homes in Lincolnton had an average of 44 days on market in Aug 2023, up by 117.8% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lincolnton are selling fast, if you're buying plan to act quickly.
Summary: During August 2023, 24 homes were sold in Lincolnton; 71% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
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Listing information Copyright © 2023 Triad Multiple Listing Service, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) Program of the Triad MLS, Inc. of High Point, NC. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo or the Internet Data Exchange (IDX) thumbnail logo (the TRIAD MLS logo) and detailed information about them includes the name of the listing brokers. Information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. Information Deemed Reliable But Not Guaranteed. The broker providing this data believes it to be correct, but advises interested parties to confirm the data before relying on it in a purchase decision.
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