$10,000 Closing Credit*
$1,130,000
4 Beds
•3 Full Baths, 1 Partial
Jih-Chung Lin, Listing Office: Redfin Corporation
Is Lincoln Park, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
At the same time last year, Lincoln Park was a Seller's Market.
Key Takeaway
Lincoln Park 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 in Lincoln Park, NJ
How much do homes in Lincoln Park, NJ cost?
Median Sold Price
$465,000
-
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$35,500(+8.3%)
Key Takeaway
Homes in Lincoln Park have sold for 8.3% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $263.2K | $318.4K | +21.0% |
| 2 Bedrooms | $375K | $413.7K | +10.3% |
| 3 Bedrooms | $454K | $482.5K | +6.3% |
| 4 Bedrooms | $530K | $550K | +3.8% |
| 5+ Bedrooms | $645K | $672K | +4.2% |
Summary: Lincoln Park housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 21%, 2 bedroom homes increased by 10.3%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes increased by 4.2%.
Median Sold Price Compared To Nearby Cities
| Fairfield Township | $640K | $717.5K | +12.1% |
| Wayne Township | $609.2K | $669.4K | +9.9% |
| Wayne | $609.3K | $669.8K | +9.9% |
| Lincoln Park | $429.5K | $465K | +8.3% |
| Pequannock | $537.5K | $557.5K | +3.7% |
Housing Supply in Lincoln Park, NJ
How many homes are available in Lincoln Park, NJ?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 41 | 37 | -9.8% |
Summary: The Lincoln Park real estate market had 37 homes for sale in September 2024, a 9.8% decrease compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 13 | 10 | -23.1% |
| 3 Bedrooms | 12 | 10 | -16.7% |
| 4 Bedrooms | 11 | 13 | +18.2% |
| 5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The Lincoln Park housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 23.1%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes increased by 18.2%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 13 | 6 | -53.8% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lincoln Park, you could pay more than the asking price. 83.3% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in Lincoln Park in September 2024, down by 53.8% month-over-month. Of the 6 sold homes, 0% were sold under asking, 17% were sold at asking, and 83% 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
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Monmouth/Ocean MLS Monmouth County Association Board of Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by other brokerage firms are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright © 2024 Monmouth/Ocean MLS Monmouth County Association Board of Realtors. All Rights Reserved.