Is Lincoln County, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Lincoln County has remained a Seller's Market.
Housing Prices in Lincoln County, NC
How much do homes in Lincoln County, NC cost?
Median Sold Price
$368,540
$199/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Lincoln County was $368,540 in March 2024, down 2.3% from last year, and the median price per square foot was $199.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $72.5K | $160K | +120.7% |
2 Bedrooms | $208.1K | $239K | +14.8% |
3 Bedrooms | $325K | $332K | +2.2% |
4 Bedrooms | $546.6K | $536.4K | -1.9% |
5+ Bedrooms | $600.4K | $705K | +17.4% |
Summary: Lincoln County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 120.7%, 2 bedroom homes increased by 14.8%, 3 bedroom homes increased by 2.2%, 4 bedroom homes decreased by 1.9%, and 5+ bedroom homes increased by 17.4%.
Median Sold Price Compared To Nearby Counties
Catawba County | $266.1K | $289.6K | +8.9% |
Burke County | $240K | $252K | +5.0% |
Mecklenburg County | $414.9K | $429.5K | +3.5% |
Iredell County | $378.3K | $383K | +1.2% |
Lincoln County | $377K | $368.5K | -2.3% |
Housing Supply in Lincoln County, NC
How many homes are available in Lincoln County, NC?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
352 | 396 | +12.5% |
Summary: The Lincoln County real estate market had 396 homes for sale in March 2024, a 12.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 1 | -50.0% |
2 Bedrooms | 34 | 33 | -2.9% |
3 Bedrooms | 191 | 218 | +14.1% |
4 Bedrooms | 83 | 103 | +24.1% |
5+ Bedrooms | 42 | 41 | -2.4% |
Summary: The Lincoln County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 2.9%, 3 bedroom homes increased by 14.1%, 4 bedroom homes increased by 24.1%, and 5+ bedroom homes decreased by 2.4%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
73 | 85 | +16.4% |
Asking Price vs. Sold Price
45 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
29 Homes Were Sold
Over Asking
Summary: A total of 85 homes were sold or pending in Lincoln County in March 2024, up by 16.4% month-over-month. Of the 85 sold homes, 53% were sold under asking, 13% were sold at asking, and 34% were sold over asking.
Days on Market for Lincoln County, NC
How long does it take to sell a home in Lincoln County, NC?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
53 Days | 55 Days | +2.8% |
Summary: Homes in Lincoln County had an average of 55 days on market in Mar 2024, up by 2.8% compared to last year.
Breakdown of Home Sale Times
48 Homes Were Sold
Under 30 Days
18 Homes Were Sold
In 30 - 90 Days
19 Homes Were Sold
Over 90 Days
Summary: During March 2024, 85 homes were sold in Lincoln County; 56% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.