$4,750 Closing Credit*
$399,999
1,632 SqFt
3 Beds
•2 Full Baths
Lori Cichocki, Listing Office: Remax Vision
Is Lincoln University, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
Since last year, Lincoln University has remained a Seller's Market.
Key Takeaway
Lincoln University is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lincoln University, PA
How much do homes in Lincoln University, PA cost?
Median Sold Price
$535,000
$213/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$33,250(+6.6%)
Key Takeaway
Homes in Lincoln University have sold for 6.6% more than they did a year ago.
Summary: The median home sold price in Lincoln University was $535,000 in September 2024, up 6.6% from last year, and the median price per square foot was $213.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $420.5K | - | N/A |
| 3 Bedrooms | $430K | $450K | +4.7% |
| 4 Bedrooms | $534.2K | $550K | +3.0% |
| 5+ Bedrooms | $545K | $756K | +38.7% |
Summary: Lincoln University housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 4.7%, 4 bedroom homes increased by 3%, and 5+ bedroom homes increased by 38.7%.
Median Sold Price Compared To Nearby Cities
| Franklin Township | $500K | $593.7K | +18.8% |
| Lincoln University | $501.7K | $535K | +6.6% |
| New London Township | $529.2K | $554.5K | +4.8% |
| Penn Township | $427.5K | $446.7K | +4.5% |
| Elk Township | $455K | $420K | -7.7% |
Housing Supply in Lincoln University, PA
How many homes are available in Lincoln University, PA?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 16 | 15 | -6.3% |
Summary: The Lincoln University real estate market had 15 homes for sale in September 2024, a 6.3% decrease compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 5 | 6 | +20.0% |
| 4 Bedrooms | 9 | 8 | -11.1% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Lincoln University 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 remained the same, 3 bedroom homes increased by 20%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 7 | 7 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lincoln University, you could pay more than the asking price. 42.9% of homes here sold above asking price last month.
Summary: A total of 7 homes were sold or pending in Lincoln University in September 2024, the same as the previous month. Of the 7 sold homes, 29% were sold under asking, 29% were sold at asking, and 43% were sold over asking.
Days on Market for Lincoln University, PA
How long does it take to sell a home in Lincoln University, PA?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 11 Days | 14 Days | +24.8% |
Summary: Homes in Lincoln University had an average of 14 days on market in Sep 2024, up by 24.8% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lincoln University are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 7 homes were sold in Lincoln University; 86% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
