Is Lincoln, AR a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lincoln is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Lincoln has remained a Seller's Market.

Key Takeaway

Lincoln is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Lincoln, AR

How much do homes in Lincoln, AR cost?

Median Sold Price

$230,000

$156/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$15,000(+7.0%)

Key Takeaway

Homes in Lincoln have sold for 7% more than they did a year ago.

Summary: The median home sold price in Lincoln was $230,000 in May 2024, up 7% from last year, and the median price per square foot was $156.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $80K-
N/A
2 $98.5K$136K
+38.1%
3 $215K$235K
+9.3%
4 $316.9K$255K
-19.5%
5+ $458K$425K
-7.2%

Summary: Lincoln housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 38.1%, 3 bedroom homes increased by 9.3%, 4 bedroom homes decreased by 19.5%, and 5+ bedroom homes decreased by 7.2%.

Median Sold Price Compared To Nearby Cities

Lincoln
+7.0%
Lincoln Township
+7.0%

Housing Supply in Lincoln, AR

How many homes are available in Lincoln, AR?

Number of Homes For Sale

Apr 2024May 2024CHANGE
2934+17.2%

Summary: The Lincoln real estate market had 34 homes for sale in May 2024, a 17.2% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 55
0.0%
3 1722
+29.4%
4 66
0.0%
5+ 11
0.0%

Summary: The Lincoln housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 29.4%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
57+40.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lincoln, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in Lincoln in May 2024, up by 40.0% month-over-month. Of the 7 sold homes, 57% were sold under asking, 14% were sold at asking, and 29% were sold over asking.

Days on Market for Lincoln, AR

How long does it take to sell a home in Lincoln, AR?

Average Sale Time

May 2023May 2024CHANGE
113 Days90 Days-20.4%

Summary: Homes in Lincoln had an average of 90 days on market in May 2024, down by 20.4% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Lincoln has remained consistent over time.

Summary: During May 2024, 7 homes were sold in Lincoln; 29% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

Newest Listings in Lincoln, AR

Nearby Markets to Lincoln, AR

What housing markets are near Lincoln, AR?