Is Lincoln Park, NJ 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 Park was a Seller's Market.
Housing Prices in Lincoln Park, NJ
How much do homes in Lincoln Park, NJ cost?
Median Sold Price
$450,000
-
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 | $268.2K | $319.9K | +19.3% |
2 Bedrooms | $356K | $400K | +12.4% |
3 Bedrooms | $421.5K | $492.5K | +16.8% |
4 Bedrooms | $560K | $540K | -3.6% |
5+ Bedrooms | $605K | $605K | 0.0% |
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 19.3%, 2 bedroom homes increased by 12.4%, 3 bedroom homes increased by 16.8%, 4 bedroom homes decreased by 3.6%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Lincoln Park | $404K | $450K | +11.4% |
Fairfield Township | $650K | $700K | +7.7% |
Wayne Township | $609.2K | $635K | +4.2% |
Wayne | $609.5K | $635.2K | +4.2% |
Pequannock | $602.5K | $535K | -11.2% |
Housing Supply in Lincoln Park, NJ
How many homes are available in Lincoln Park, NJ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
31 | 44 | +41.9% |
Summary: The Lincoln Park real estate market had 44 homes for sale in April 2024, a 41.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 4 | +33.3% |
2 Bedrooms | 11 | 17 | +54.5% |
3 Bedrooms | 11 | 12 | +9.1% |
4 Bedrooms | 6 | 7 | +16.7% |
5+ Bedrooms | 0 | 4 | +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 increased by 33.3%, 2 bedroom homes increased by 54.5%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
5 | 7 | +40.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Lincoln Park in April 2024, up by 40.0% month-over-month. Of the 7 sold homes, 43% were sold under asking, 14% were sold at asking, and 43% were sold over asking.
Days on Market for Lincoln Park, NJ
We’re sorry, we don't have information for this market at the moment