Is Lincoln County, KY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Lincoln County was a Seller's Market.
Housing Prices in Lincoln County, KY
How much do homes in Lincoln County, KY cost?
Median Sold Price
$195,000
-
Based on all homes sold in the last 12 months.
Difference Since April 2023
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $120.5K | $130K | +7.9% |
2 Bedrooms | $150K | $120.5K | -19.7% |
3 Bedrooms | $178K | $195K | +9.6% |
4 Bedrooms | $209.7K | $235K | +12.0% |
5+ Bedrooms | $187K | $370K | +97.9% |
Summary: Lincoln County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.9%, 2 bedroom homes decreased by 19.7%, 3 bedroom homes increased by 9.6%, 4 bedroom homes increased by 12%, and 5+ bedroom homes increased by 97.9%.
Median Sold Price Compared To Nearby Counties
Lincoln County | $180K | $195K | +8.3% |
Garrard County | $250K | $260K | +4.0% |
Rockcastle County | $160.5K | $163.7K | +2.0% |
Boyle County | $238K | $225K | -5.5% |
Housing Supply in Lincoln County, KY
How many homes are available in Lincoln County, KY?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
62 | 71 | +14.5% |
Summary: The Lincoln County real estate market had 71 homes for sale in April 2024, a 14.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 3 | 0.0% |
2 Bedrooms | 12 | 12 | 0.0% |
3 Bedrooms | 36 | 41 | +13.9% |
4 Bedrooms | 7 | 8 | +14.3% |
5+ Bedrooms | 4 | 7 | +75.0% |
Summary: The Lincoln County 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 remained the same, 3 bedroom homes increased by 13.9%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes increased by 75%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
15 | 11 | -26.7% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 11 homes were sold or pending in Lincoln County in April 2024, down by 26.7% month-over-month. Of the 11 sold homes, 64% were sold under asking, 27% were sold at asking, and 9% were sold over asking.
Days on Market for Lincoln County, KY
How long does it take to sell a home in Lincoln County, KY?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
27 Days | 91 Days | +229.2% |
Summary: Homes in Lincoln County had an average of 91 days on market in Apr 2024, up by 229.2% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 11 homes were sold in Lincoln County; 36% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.