Is Lincoln County, TN 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 County has remained a Seller's Market.
Key Takeaway
Lincoln County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lincoln County, TN
How much do homes in Lincoln County, TN cost?
Median Sold Price
$249,900
$163/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Lincoln County have sold for 6.3% more than they did a year ago.
Summary: The median home sold price in Lincoln County was $249,900 in April 2024, up 6.3% from last year, and the median price per square foot was $163.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $274.5K | $200K | -27.1% |
| 2 Bedrooms | $155K | $151K | -2.6% |
| 3 Bedrooms | $238.5K | $242K | +1.5% |
| 4 Bedrooms | $328.5K | $407.5K | +24.0% |
| 5+ Bedrooms | $605K | $493.5K | -18.4% |
Summary: Lincoln County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 27.1%, 2 bedroom homes decreased by 2.6%, 3 bedroom homes increased by 1.5%, 4 bedroom homes increased by 24%, and 5+ bedroom homes decreased by 18.4%.
Median Sold Price Compared To Nearby Counties
| Lincoln County | $235K | $249.9K | +6.3% |
| Franklin County | $289.2K | $299.9K | +3.7% |
| Bedford County | $305K | $315.1K | +3.3% |
| Marshall County | $320.7K | $325K | +1.3% |
Housing Supply in Lincoln County, TN
How many homes are available in Lincoln County, TN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 162 | 159 | -1.9% |
Summary: The Lincoln County real estate market had 159 homes for sale in April 2024, a 1.9% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 5 | +25.0% |
| 2 Bedrooms | 19 | 19 | 0.0% |
| 3 Bedrooms | 100 | 87 | -13.0% |
| 4 Bedrooms | 32 | 39 | +21.9% |
| 5+ Bedrooms | 7 | 9 | +28.6% |
Summary: The Lincoln County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 13%, 4 bedroom homes increased by 21.9%, and 5+ bedroom homes increased by 28.6%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 32 | 34 | +6.3% |
Asking Price vs. Sold Price
25 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lincoln County, you may be able to get a good deal. 73.5% of homes here sold below asking price last month.
Summary: A total of 34 homes were sold or pending in Lincoln County in April 2024, up by 6.3% month-over-month. Of the 34 sold homes, 74% were sold under asking, 18% were sold at asking, and 9% were sold over asking.
Days on Market for Lincoln County, TN
How long does it take to sell a home in Lincoln County, TN?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 30 Days | 36 Days | +19.6% |
Summary: Homes in Lincoln County had an average of 36 days on market in Apr 2024, up by 19.6% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lincoln County are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 34 homes were sold in Lincoln County; 62% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.
Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.
© 2024 of the REALTRACS MLS. All rights Reserved.