Is Lincolnshire, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lincolnshire is a seller's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

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

Housing Prices in Lincolnshire, IL

How much do homes in Lincolnshire, IL cost?

Median Sold Price

$611,000

$228/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

-$14,000(-2.2%)

Key Takeaway

Homes in Lincolnshire have sold for 2.2% less than they did a year ago.

Summary: The median home sold price in Lincolnshire was $611,000 in May 2024, down 2.2% from last year, and the median price per square foot was $228.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 --
N/A
2 $364K$385.5K
+5.9%
3 $498.5K$520K
+4.3%
4 $705.5K$788.5K
+11.8%
5+ $951.2K$829.9K
-12.8%

Summary: Lincolnshire 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 5.9%, 3 bedroom homes increased by 4.3%, 4 bedroom homes increased by 11.8%, and 5+ bedroom homes decreased by 12.8%.

Median Sold Price Compared To Nearby Cities

Riverwoods
+8.8%
Vernon Township
+6.8%
Vernon Hills
+6.6%
Bannockburn
+1.4%
Lincolnshire
-2.2%

Housing Supply in Lincolnshire, IL

How many homes are available in Lincolnshire, IL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
5359+11.3%

Summary: The Lincolnshire real estate market had 59 homes for sale in May 2024, a 11.3% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 1011
+10.0%
3 1111
0.0%
4 1824
+33.3%
5+ 1413
-7.1%

Summary: The Lincolnshire 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 increased by 10%, 3 bedroom homes remained the same, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes decreased by 7.1%.

Number of Homes Sold

Apr 2024May 2024CHANGE
1119+72.7%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

11 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lincolnshire, you could pay more than the asking price. 57.9% of homes here sold above asking price last month.

Summary: A total of 19 homes were sold or pending in Lincolnshire in May 2024, up by 72.7% month-over-month. Of the 19 sold homes, 32% were sold under asking, 11% were sold at asking, and 58% were sold over asking.

Days on Market for Lincolnshire, IL

How long does it take to sell a home in Lincolnshire, IL?

Average Sale Time

May 2023May 2024CHANGE
18 Days12 Days-31.6%

Summary: Homes in Lincolnshire had an average of 12 days on market in May 2024, down by 31.6% compared to last year.

Breakdown of Home Sale Times

17 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Lincolnshire are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 19 homes were sold in Lincolnshire; 89% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 0% 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 Lincolnshire, IL

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