Is Northeast Lincoln, OK a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Northeast Lincoln is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Northeast Lincoln has remained a Seller's Market.

Key Takeaway

Northeast Lincoln is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Northeast Lincoln, OK

How much do homes in Northeast Lincoln, OK cost?

Median Sold Price

$144,900

$99/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$14,900(+11.5%)

Key Takeaway

Homes in Northeast Lincoln have sold for 11.5% more than they did a year ago.

Summary: The median home sold price in Northeast Lincoln was $144,900 in October 2024, up 11.5% from last year, and the median price per square foot was $99.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $75K-
N/A
2 $80K$130K
+62.5%
3 $132K$132K
0.0%
4 $230K$189.9K
-17.4%
5+ -$225.5K
N/A

Summary: Northeast Lincoln housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 62.5%, 3 bedroom homes did not change, 4 bedroom homes decreased by 17.4%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Stroud
+15.1%
Northeast Lincoln
+11.5%

Housing Supply in Northeast Lincoln, OK

How many homes are available in Northeast Lincoln, OK?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2328+21.7%

Summary: The Northeast Lincoln real estate market had 28 homes for sale in October 2024, a 21.7% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 23
+50.0%
3 1618
+12.5%
4 56
+20.0%
5+ 01
+100.0%

Summary: The Northeast Lincoln housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 12.5%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
37+133.3%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Northeast Lincoln, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in Northeast Lincoln in October 2024, up by 133.3% month-over-month. Of the 7 sold homes, 43% were sold under asking, 43% were sold at asking, and 14% were sold over asking.

Days on Market for Northeast Lincoln, OK

How long does it take to sell a home in Northeast Lincoln, OK?

Average Sale Time

Oct 2023Oct 2024CHANGE
30 Days50 Days+66.3%

Summary: Homes in Northeast Lincoln had an average of 50 days on market in Oct 2024, up by 66.3% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Northeast Lincoln has remained consistent over time.

Summary: During October 2024, 7 homes were sold in Northeast Lincoln; 29% of homes were sold within 30 days, 57% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.

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

Report Updated 12 Days Ago

Newest Listings in Northeast Lincoln, OK

Nearby Markets to Northeast Lincoln, OK