Is Lincolnton, NC 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, Lincolnton has remained a Seller's Market.
Key Takeaway
Lincolnton is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lincolnton, NC
How much do homes in Lincolnton, NC cost?
Median Sold Price
$299,974
$188/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Lincolnton have sold for 14.6% more than they did a year ago.
Summary: The median home sold price in Lincolnton was $299,974 in April 2024, up 14.6% from last year, and the median price per square foot was $188.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $75K | $148.5K | +98.0% |
| 2 Bedrooms | $170K | $201K | +18.2% |
| 3 Bedrooms | $260K | $300K | +15.4% |
| 4 Bedrooms | $360K | $397.5K | +10.4% |
| 5+ Bedrooms | $419K | $322K | -23.2% |
Summary: Lincolnton housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 98%, 2 bedroom homes increased by 18.2%, 3 bedroom homes increased by 15.4%, 4 bedroom homes increased by 10.4%, and 5+ bedroom homes decreased by 23.2%.
Median Sold Price Compared To Nearby Cities
| Lincolnton Township | $257.4K | $299.7K | +16.4% |
| Lincolnton | $261.7K | $299.9K | +14.6% |
| Ironton Township | $324.9K | $335K | +3.1% |
| Howards Creek Township | $308.5K | $270K | -12.5% |
Housing Supply in Lincolnton, NC
How many homes are available in Lincolnton, NC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 141 | 152 | +7.8% |
Summary: The Lincolnton real estate market had 152 homes for sale in April 2024, a 7.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 17 | 19 | +11.8% |
| 3 Bedrooms | 97 | 108 | +11.3% |
| 4 Bedrooms | 20 | 20 | 0.0% |
| 5+ Bedrooms | 6 | 5 | -16.7% |
Summary: The Lincolnton housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 11.8%, 3 bedroom homes increased by 11.3%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 35 | 28 | -20.0% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lincolnton, you may be able to get a good deal. 53.6% of homes here sold below asking price last month.
Summary: A total of 28 homes were sold or pending in Lincolnton in April 2024, down by 20.0% month-over-month. Of the 28 sold homes, 54% were sold under asking, 25% were sold at asking, and 21% were sold over asking.
Days on Market for Lincolnton, NC
How long does it take to sell a home in Lincolnton, NC?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 58 Days | 44 Days | -23.6% |
Summary: Homes in Lincolnton had an average of 44 days on market in Apr 2024, down by 23.6% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lincolnton are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 28 homes were sold in Lincolnton; 61% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.
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