Is Lincoln, AR a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lincoln is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Lincoln has remained a Seller's Market.

Key Takeaway

Lincoln is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Lincoln, AR

How much do homes in Lincoln, AR cost?

Median Sold Price

$230,000

$156/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$15,000(+7.0%)

Key Takeaway

Homes in Lincoln have sold for 7% more than they did a year ago.

Summary: The median home sold price in Lincoln was $230,000 in May 2024, up 7% from last year, and the median price per square foot was $156.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $80K-
N/A
2 $98.5K$136K
+38.1%
3 $215K$235K
+9.3%
4 $316.9K$255K
-19.5%
5+ $458K$425K
-7.2%

Summary: Lincoln housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 38.1%, 3 bedroom homes increased by 9.3%, 4 bedroom homes decreased by 19.5%, and 5+ bedroom homes decreased by 7.2%.

Median Sold Price Compared To Nearby Cities

Lincoln
+7.0%
Lincoln Township
+7.0%

Housing Supply in Lincoln, AR

How many homes are available in Lincoln, AR?

Number of Homes For Sale

Apr 2024May 2024CHANGE
2934+17.2%

Summary: The Lincoln real estate market had 34 homes for sale in May 2024, a 17.2% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 55
0.0%
3 1722
+29.4%
4 66
0.0%
5+ 11
0.0%

Summary: The Lincoln housing inventory by bedroom type for May 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 29.4%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
57+40.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lincoln, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in Lincoln in May 2024, up by 40.0% month-over-month. Of the 7 sold homes, 57% were sold under asking, 14% were sold at asking, and 29% were sold over asking.

Days on Market for Lincoln, AR

How long does it take to sell a home in Lincoln, AR?

Average Sale Time

May 2023May 2024CHANGE
113 Days90 Days-20.4%

Summary: Homes in Lincoln had an average of 90 days on market in May 2024, down by 20.4% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Lincoln has remained consistent over time.

Summary: During May 2024, 7 homes were sold in Lincoln; 29% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 16 Days Ago

Newest Listings in Lincoln, AR

Nearby Markets to Lincoln, AR

What housing markets are near Lincoln, AR?