Is Lincoln Heights, WA 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, Lincoln Heights has remained a Seller's Market.
Housing Prices in Lincoln Heights, WA
How much do homes in Lincoln Heights, WA cost?
Median Sold Price
$410,000
$218/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Lincoln Heights was $410,000 in April 2024, up 2.5% from last year, and the median price per square foot was $218.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $249K | $185K | -25.7% |
2 Bedrooms | $315K | $350K | +11.1% |
3 Bedrooms | $399.4K | $397K | -0.6% |
4 Bedrooms | $425K | $423.3K | -0.4% |
5+ Bedrooms | $409.9K | $525K | +28.1% |
Summary: Lincoln Heights housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 25.7%, 2 bedroom homes increased by 11.1%, 3 bedroom homes decreased by 0.6%, 4 bedroom homes decreased by 0.4%, and 5+ bedroom homes increased by 28.1%.
Housing Supply in Lincoln Heights, WA
How many homes are available in Lincoln Heights, WA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
41 | 59 | +43.9% |
Summary: The Lincoln Heights real estate market had 59 homes for sale in April 2024, a 43.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 5 | 9 | +80.0% |
3 Bedrooms | 18 | 24 | +33.3% |
4 Bedrooms | 11 | 20 | +81.8% |
5+ Bedrooms | 7 | 6 | -14.3% |
Summary: The Lincoln Heights housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 80%, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 81.8%, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
11 | 15 | +36.4% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 15 homes were sold or pending in Lincoln Heights in April 2024, up by 36.4% month-over-month. Of the 15 sold homes, 40% were sold under asking, 33% were sold at asking, and 27% were sold over asking.
Days on Market for Lincoln Heights, WA
How long does it take to sell a home in Lincoln Heights, WA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
20 Days | 23 Days | +15.1% |
Summary: Homes in Lincoln Heights had an average of 23 days on market in Apr 2024, up by 15.1% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 15 homes were sold in Lincoln Heights; 73% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.