Is Lincoln, MT 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 has remained a Seller's Market.
Housing Prices in Lincoln, MT
How much do homes in Lincoln, MT cost?
Median Sold Price
$475,250
$241/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Lincoln was $475,250 in April 2024, up 8% from last year, and the median price per square foot was $241.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $210K | $294.5K | +40.3% |
2 Bedrooms | $325K | $414.7K | +27.6% |
3 Bedrooms | $428K | $422.2K | -1.3% |
4 Bedrooms | $462.5K | $499.5K | +8.0% |
5+ Bedrooms | $551K | $618.8K | +12.3% |
Summary: Lincoln housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 40.3%, 2 bedroom homes increased by 27.6%, 3 bedroom homes decreased by 1.3%, 4 bedroom homes increased by 8%, and 5+ bedroom homes increased by 12.3%.
Median Sold Price Compared To Nearby Cities
Lincoln | $440.2K | $475.2K | +8.0% |
Wolf Creek | $680K | $682.4K | 0.4% |
Housing Supply in Lincoln, MT
How many homes are available in Lincoln, MT?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
42 | 52 | +23.8% |
Summary: The Lincoln real estate market had 52 homes for sale in April 2024, a 23.8% 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 | 4 | 5 | +25.0% |
3 Bedrooms | 18 | 23 | +27.8% |
4 Bedrooms | 10 | 15 | +50.0% |
5+ Bedrooms | 10 | 9 | -10.0% |
Summary: The Lincoln 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 25%, 3 bedroom homes increased by 27.8%, 4 bedroom homes increased by 50%, and 5+ bedroom homes decreased by 10%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
4 | 9 | +125.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Lincoln in April 2024, up by 125.0% month-over-month. Of the 9 sold homes, 44% were sold under asking, 22% were sold at asking, and 33% were sold over asking.
Days on Market for Lincoln, MT
How long does it take to sell a home in Lincoln, MT?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
52 Days | 58 Days | +11.6% |
Summary: Homes in Lincoln had an average of 58 days on market in Apr 2024, up by 11.6% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 9 homes were sold in Lincoln; 22% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.