Is Lincoln Heights, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Lincoln Heights has remained a Seller's Market.
Key Takeaway
Lincoln Heights is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lincoln Heights, CA
How much do homes in Lincoln Heights, CA cost?
Median Sold Price
$860,000
$475/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Key Takeaway
Homes in Lincoln Heights have sold for 22.9% more than they did a month ago.
Summary: The median home sold price in Lincoln Heights was $860,000 in May 2024, up 22.9% from last month, and the median price per square foot was $475.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $737.5K | $640K | -13.2% |
| 3 Bedrooms | $675K | $2.5M | +277.0% |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | $980K | N/A |
Summary: Lincoln Heights housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 13.2%, 3 bedroom homes increased by 277%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Lincoln Heights, CA
How many homes are available in Lincoln Heights, CA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 20 | 13 | -35.0% |
Summary: The Lincoln Heights real estate market had 13 homes for sale in May 2024, a 35.0% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 7 | 3 | -57.1% |
| 3 Bedrooms | 7 | 5 | -28.6% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 6 | 5 | -16.7% |
Summary: The Lincoln Heights 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 decreased by 57.1%, 3 bedroom homes decreased by 28.6%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 4 | 4 | 0.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lincoln Heights, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Lincoln Heights in May 2024, the same as the previous month. Of the 4 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Lincoln Heights, CA
How long does it take to sell a home in Lincoln Heights, CA?
Average Sale Time
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 5 Days | 164 Days | +2752.2% |
Summary: Homes in Lincoln Heights had an average of 164 days on market in May 2024, up by 2752.2% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Lincoln Heights are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 4 homes were sold in Lincoln Heights; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.