Is Lincolnshire, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Lincolnshire has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $364K | $385.5K | +5.9% |
3 Bedrooms | $498.5K | $520K | +4.3% |
4 Bedrooms | $705.5K | $788.5K | +11.8% |
5+ Bedrooms | $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 | $735K | $799.9K | +8.8% |
Vernon Township | $455.2K | $486.3K | +6.8% |
Vernon Hills | $380.4K | $405.5K | +6.6% |
Bannockburn | $1.0M | $1.0M | +1.4% |
Lincolnshire | $625K | $611K | -2.2% |
Housing Supply in Lincolnshire, IL
How many homes are available in Lincolnshire, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
53 | 59 | +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
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 10 | 11 | +10.0% |
3 Bedrooms | 11 | 11 | 0.0% |
4 Bedrooms | 18 | 24 | +33.3% |
5+ Bedrooms | 14 | 13 | -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 2024 | May 2024 | CHANGE |
---|---|---|
11 | 19 | +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
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 2023 | May 2024 | CHANGE |
---|---|---|
18 Days | 12 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
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.