Is Lincoln County, 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, 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, NC
How much do homes in Lincoln County, NC cost?
Median Sold Price
$368,200
$201/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Lincoln County have sold for 1.3% less than they did a year ago.
Summary: The median home sold price in Lincoln County was $368,200 in April 2024, down 1.3% from last year, and the median price per square foot was $201.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $75K | $159.5K | +112.7% |
| 2 Bedrooms | $203.1K | $240K | +18.2% |
| 3 Bedrooms | $324.8K | $332K | +2.2% |
| 4 Bedrooms | $528K | $559.5K | +6.0% |
| 5+ Bedrooms | $610K | $700K | +14.8% |
Summary: Lincoln County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 112.7%, 2 bedroom homes increased by 18.2%, 3 bedroom homes increased by 2.2%, 4 bedroom homes increased by 6%, and 5+ bedroom homes increased by 14.8%.
Median Sold Price Compared To Nearby Counties
| Catawba County | $269.6K | $289.7K | +7.5% |
| Burke County | $240K | $255K | +6.3% |
| Mecklenburg County | $415K | $430.9K | +3.8% |
| Iredell County | $379.2K | $383.6K | +1.2% |
| Lincoln County | $373K | $368.2K | -1.3% |
Housing Supply in Lincoln County, NC
How many homes are available in Lincoln County, NC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 398 | 420 | +5.5% |
Summary: The Lincoln County real estate market had 420 homes for sale in April 2024, a 5.5% 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 | 36 | 37 | +2.8% |
| 3 Bedrooms | 221 | 235 | +6.3% |
| 4 Bedrooms | 104 | 116 | +11.5% |
| 5+ Bedrooms | 36 | 32 | -11.1% |
Summary: The Lincoln County 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 2.8%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 11.5%, and 5+ bedroom homes decreased by 11.1%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 93 | 79 | -15.1% |
Asking Price vs. Sold Price
44 Homes Were Sold
Under Asking
19 Homes Were Sold
At Asking
16 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. 55.7% of homes here sold below asking price last month.
Summary: A total of 79 homes were sold or pending in Lincoln County in April 2024, down by 15.1% month-over-month. Of the 79 sold homes, 56% were sold under asking, 24% were sold at asking, and 20% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 56 Days | 37 Days | -33.9% |
Summary: Homes in Lincoln County had an average of 37 days on market in Apr 2024, down by 33.9% compared to last year.
Breakdown of Home Sale Times
51 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
12 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, 79 homes were sold in Lincoln County; 65% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.
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Copyright © 2024 Triad Multiple Listing Service, Inc. All rights reserved. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. This site will be monitored for ‘scraping’ and any use of search facilities of data on the site other than by potential buyers/sellers is prohibited. All Sale data is for informational purposes only and is not an indication of a market analysis or appraisal. Properties marked with the Triad MLS, Inc. icon are provided courtesy of the Triad MLS, Inc.’s, Internet Data Exchange Database.