Is Lincoln, MA 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, 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, MA
How much do homes in Lincoln, MA cost?
Median Sold Price
$1,105,000
$433/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Lincoln have sold for 27.1% less than they did a year ago.
Summary: The median home sold price in Lincoln was $1,105,000 in May 2024, down 27.1% from last year, and the median price per square foot was $433.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $685K | $480K | -29.9% |
| 3 Bedrooms | $1.0M | $788.5K | -21.1% |
| 4 Bedrooms | $1.6M | $1.3M | -19.6% |
| 5+ Bedrooms | $2.0M | $1.7M | -14.2% |
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 decreased by 29.9%, 3 bedroom homes decreased by 21.1%, 4 bedroom homes decreased by 19.6%, and 5+ bedroom homes decreased by 14.2%.
Housing Supply in Lincoln, MA
How many homes are available in Lincoln, MA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 17 | 32 | +88.2% |
Summary: The Lincoln real estate market had 32 homes for sale in May 2024, a 88.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 3 | 4 | +33.3% |
| 3 Bedrooms | 5 | 9 | +80.0% |
| 4 Bedrooms | 3 | 9 | +200.0% |
| 5+ Bedrooms | 6 | 9 | +50.0% |
Summary: The Lincoln housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 80%, 4 bedroom homes increased by 200%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 0 | 8 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lincoln, you could pay more than the asking price. 75% of homes here sold above asking price last month.
Summary: A total of 8 homes were sold or pending in Lincoln in May 2024, up by 100.0% month-over-month. Of the 8 sold homes, 25% were sold under asking, 0% were sold at asking, and 75% were sold over asking.
Days on Market for Lincoln, MA
How long does it take to sell a home in Lincoln, MA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 20 Days | 21 Days | +6.4% |
Summary: Homes in Lincoln had an average of 21 days on market in May 2024, up by 6.4% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lincoln are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 8 homes were sold in Lincoln; 88% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
