Is Lincoln Park, MI 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 Park has remained a Seller's Market.
Housing Prices in Lincoln Park, MI
How much do homes in Lincoln Park, MI cost?
Median Sold Price
$149,120
$138/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Lincoln Park was $149,120 in April 2024, up 10.7% from last year, and the median price per square foot was $138.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $84.9K | $87.4K | +3.0% |
2 Bedrooms | $105K | $120K | +14.3% |
3 Bedrooms | $141K | $155K | +9.9% |
4 Bedrooms | $154.5K | $154K | -0.3% |
5+ Bedrooms | $133.5K | $164K | +22.8% |
Summary: Lincoln Park housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3%, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 9.9%, 4 bedroom homes decreased by 0.3%, and 5+ bedroom homes increased by 22.8%.
Median Sold Price Compared To Nearby Cities
Melvindale | $125K | $143K | +14.4% |
Allen Park | $185K | $210K | +13.5% |
Lincoln Park | $134.7K | $149.1K | +10.7% |
Wyandotte | $170.3K | $182.7K | +7.3% |
Ecorse | $73K | $72.2K | -1.0% |
Housing Supply in Lincoln Park, MI
How many homes are available in Lincoln Park, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
85 | 86 | +1.2% |
Summary: The Lincoln Park real estate market had 86 homes for sale in April 2024, a 1.2% 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 | 16 | 21 | +31.3% |
3 Bedrooms | 58 | 58 | 0.0% |
4 Bedrooms | 9 | 7 | -22.2% |
5+ Bedrooms | 2 | 0 | -100.0% |
Summary: The Lincoln Park 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 31.3%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 22.2%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
32 | 21 | -34.4% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Summary: A total of 21 homes were sold or pending in Lincoln Park in April 2024, down by 34.4% month-over-month. Of the 21 sold homes, 14% were sold under asking, 14% were sold at asking, and 71% were sold over asking.
Days on Market for Lincoln Park, MI
How long does it take to sell a home in Lincoln Park, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
9 Days | 10 Days | +11.1% |
Summary: Homes in Lincoln Park had an average of 10 days on market in Apr 2024, up by 11.1% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 21 homes were sold in Lincoln Park; 95% of homes were sold within 30 days, 5% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.