Is Lincolnia, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Lincolnia has remained a Seller's Market.
Key Takeaway
Lincolnia is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lincolnia, VA
How much do homes in Lincolnia, VA cost?
Median Sold Price
$670,000
$334/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Lincolnia have sold for 8.9% more than they did a year ago.
Summary: The median home sold price in Lincolnia was $670,000 in April 2024, up 8.9% from last year, and the median price per square foot was $334.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $289.5K | $320K | +10.5% |
| 2 Bedrooms | $410K | $446.8K | +9.0% |
| 3 Bedrooms | $629K | $670K | +6.5% |
| 4 Bedrooms | $789K | $799.5K | +1.3% |
| 5+ Bedrooms | $750K | $912.5K | +21.7% |
Summary: Lincolnia housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.5%, 2 bedroom homes increased by 9%, 3 bedroom homes increased by 6.5%, 4 bedroom homes increased by 1.3%, and 5+ bedroom homes increased by 21.7%.
Housing Supply in Lincolnia, VA
How many homes are available in Lincolnia, VA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 38 | 47 | +23.7% |
Summary: The Lincolnia real estate market had 47 homes for sale in April 2024, a 23.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 3 | -40.0% |
| 2 Bedrooms | 7 | 10 | +42.9% |
| 3 Bedrooms | 13 | 17 | +30.8% |
| 4 Bedrooms | 8 | 11 | +37.5% |
| 5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The Lincolnia housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 40%, 2 bedroom homes increased by 42.9%, 3 bedroom homes increased by 30.8%, 4 bedroom homes increased by 37.5%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 12 | 13 | +8.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lincolnia, you could pay more than the asking price. 76.9% of homes here sold above asking price last month.
Summary: A total of 13 homes were sold or pending in Lincolnia in April 2024, up by 8.3% month-over-month. Of the 13 sold homes, 8% were sold under asking, 15% were sold at asking, and 77% were sold over asking.
Days on Market for Lincolnia, VA
How long does it take to sell a home in Lincolnia, VA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 12 Days | 6 Days | -46.2% |
Summary: Homes in Lincolnia had an average of 6 days on market in Apr 2024, down by 46.2% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lincolnia are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 13 homes were sold in Lincolnia; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
