Is Lincoln Park, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Lincoln Park was a Seller's Market.
Key Takeaway
Lincoln Park is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Lincoln Park, NJ
How much do homes in Lincoln Park, NJ cost?
Median Sold Price
$439,500
-
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Lincoln Park have sold for 9.9% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $268.2K | $325K | +21.2% |
| 2 Bedrooms | $355K | $399.2K | +12.5% |
| 3 Bedrooms | $423K | $480K | +13.5% |
| 4 Bedrooms | $561.4K | $530K | -5.6% |
| 5+ Bedrooms | $532K | $605K | +13.7% |
Summary: Lincoln Park housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 21.2%, 2 bedroom homes increased by 12.5%, 3 bedroom homes increased by 13.5%, 4 bedroom homes decreased by 5.6%, and 5+ bedroom homes increased by 13.7%.
Median Sold Price Compared To Nearby Cities
| Lincoln Park | $400K | $439.5K | +9.9% |
| Wayne | $609.4K | $632.5K | +3.8% |
| Wayne Township | $609.6K | $631.2K | +3.5% |
| Fairfield Township | $640K | $650K | +1.6% |
| Pequannock | $605K | $535K | -11.6% |
Housing Supply in Lincoln Park, NJ
How many homes are available in Lincoln Park, NJ?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 26 | 33 | +26.9% |
Summary: The Lincoln Park real estate market had 33 homes for sale in March 2024, a 26.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 4 | +300.0% |
| 2 Bedrooms | 8 | 11 | +37.5% |
| 3 Bedrooms | 10 | 11 | +10.0% |
| 4 Bedrooms | 6 | 6 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Lincoln Park housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 300%, 2 bedroom homes increased by 37.5%, 3 bedroom homes increased by 10%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 6 | 3 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lincoln Park, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in Lincoln Park in March 2024, down by 50.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for Lincoln Park, NJ
We’re sorry, we don't have information for this market at the moment
