Is Lincoln County, 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 County was a Seller's Market.
Housing Prices in Lincoln County, OR
How much do homes in Lincoln County, OR cost?
Median Sold Price
$489,113
$335/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Lincoln County was $489,113 in March 2024, down 5.6% from last year, and the median price per square foot was $335.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $268K | $300K | +11.9% |
2 Bedrooms | $425K | $413.6K | -2.7% |
3 Bedrooms | $556.7K | $537.5K | -3.5% |
4 Bedrooms | $695K | $795K | +14.4% |
5+ Bedrooms | $983.5K | $482.4K | -50.9% |
Summary: Lincoln County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.9%, 2 bedroom homes decreased by 2.7%, 3 bedroom homes decreased by 3.5%, 4 bedroom homes increased by 14.4%, and 5+ bedroom homes decreased by 50.9%.
Median Sold Price Compared To Nearby Counties
Lane County | $451.6K | $452K | 0.1% |
Tillamook County | $550K | $533K | -3.1% |
Polk County | $475.4K | $450.9K | -5.1% |
Lincoln County | $518.3K | $489.1K | -5.6% |
Housing Supply in Lincoln County, OR
How many homes are available in Lincoln County, OR?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
271 | 303 | +11.8% |
Summary: The Lincoln County real estate market had 303 homes for sale in March 2024, a 11.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 14 | 15 | +7.1% |
2 Bedrooms | 60 | 66 | +10.0% |
3 Bedrooms | 129 | 148 | +14.7% |
4 Bedrooms | 52 | 58 | +11.5% |
5+ Bedrooms | 16 | 16 | 0.0% |
Summary: The Lincoln County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 7.1%, 2 bedroom homes increased by 10%, 3 bedroom homes increased by 14.7%, 4 bedroom homes increased by 11.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
8 | 18 | +125.0% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 18 homes were sold or pending in Lincoln County in March 2024, up by 125.0% month-over-month. Of the 18 sold homes, 61% were sold under asking, 28% were sold at asking, and 11% were sold over asking.
Days on Market for Lincoln County, OR
How long does it take to sell a home in Lincoln County, OR?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
56 Days | 56 Days | +0.8% |
Summary: Homes in Lincoln County had an average of 56 days on market in Mar 2024, up by 0.8% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During March 2024, 18 homes were sold in Lincoln County; 44% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.