Is Lincoln County, KY 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 County has remained a Seller's Market.
Housing Prices in Lincoln County, KY
How much do homes in Lincoln County, KY cost?
Median Sold Price
$185,000
-
Based on all homes sold in the last 12 months.
Difference Since May 2023
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $120.5K | $130K | +7.9% |
2 Bedrooms | $106K | $138K | +30.2% |
3 Bedrooms | $180K | $186K | +3.3% |
4 Bedrooms | $214K | $235K | +9.8% |
5+ Bedrooms | $268.4K | $384K | +43.0% |
Summary: Lincoln County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.9%, 2 bedroom homes increased by 30.2%, 3 bedroom homes increased by 3.3%, 4 bedroom homes increased by 9.8%, and 5+ bedroom homes increased by 43%.
Median Sold Price Compared To Nearby Counties
Casey County | $195K | $237.5K | +21.8% |
Rockcastle County | $159K | $169K | +6.3% |
Garrard County | $250K | $260K | +4.0% |
Lincoln County | $181.5K | $185K | +1.9% |
Boyle County | $236K | $225K | -4.7% |
Housing Supply in Lincoln County, KY
How many homes are available in Lincoln County, KY?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
73 | 84 | +15.1% |
Summary: The Lincoln County real estate market had 84 homes for sale in May 2024, a 15.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 3 | 0.0% |
2 Bedrooms | 13 | 14 | +7.7% |
3 Bedrooms | 42 | 49 | +16.7% |
4 Bedrooms | 8 | 12 | +50.0% |
5+ Bedrooms | 7 | 6 | -14.3% |
Summary: The Lincoln County 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 7.7%, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 50%, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
11 | 16 | +45.5% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 16 homes were sold or pending in Lincoln County in May 2024, up by 45.5% month-over-month. Of the 16 sold homes, 63% were sold under asking, 31% were sold at asking, and 6% were sold over asking.
Days on Market for Lincoln County, KY
How long does it take to sell a home in Lincoln County, KY?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
61 Days | 36 Days | -40.7% |
Summary: Homes in Lincoln County had an average of 36 days on market in May 2024, down by 40.7% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 16 homes were sold in Lincoln County; 81% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.