Is Lincoln City, OR 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 City was a Seller's Market.
Housing Prices in Lincoln City, OR
How much do homes in Lincoln City, OR cost?
Median Sold Price
$509,000
$353/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Lincoln City was $509,000 in March 2024, up 3.9% from last year, and the median price per square foot was $353.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $318.2K | $295K | -7.3% |
2 Bedrooms | $401K | $432.5K | +7.9% |
3 Bedrooms | $543.5K | $637.5K | +17.3% |
4 Bedrooms | $590K | $795K | +34.7% |
5+ Bedrooms | $770K | $574.5K | -25.4% |
Summary: Lincoln City housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.3%, 2 bedroom homes increased by 7.9%, 3 bedroom homes increased by 17.3%, 4 bedroom homes increased by 34.7%, and 5+ bedroom homes decreased by 25.4%.
Housing Supply in Lincoln City, OR
How many homes are available in Lincoln City, OR?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
121 | 133 | +9.9% |
Summary: The Lincoln City real estate market had 133 homes for sale in March 2024, a 9.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 7 | 6 | -14.3% |
2 Bedrooms | 21 | 25 | +19.0% |
3 Bedrooms | 58 | 64 | +10.3% |
4 Bedrooms | 28 | 31 | +10.7% |
5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The Lincoln City housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 14.3%, 2 bedroom homes increased by 19%, 3 bedroom homes increased by 10.3%, 4 bedroom homes increased by 10.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
4 | 8 | +100.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Lincoln City in March 2024, up by 100.0% month-over-month. Of the 8 sold homes, 63% were sold under asking, 38% were sold at asking, and 0% were sold over asking.
Days on Market for Lincoln City, OR
How long does it take to sell a home in Lincoln City, OR?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
52 Days | 58 Days | +10.1% |
Summary: Homes in Lincoln City had an average of 58 days on market in Mar 2024, up by 10.1% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 8 homes were sold in Lincoln City; 63% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.