Is Lincoln County, MN 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, MN
How much do homes in Lincoln County, MN cost?
Median Sold Price
$136,450
$74/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Lincoln County was $136,450 in May 2024, up 9.2% from last year, and the median price per square foot was $74.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $56K | $45K | -19.6% |
2 Bedrooms | $95K | $94K | -1.0% |
3 Bedrooms | $97.5K | $135K | +38.5% |
4 Bedrooms | $165K | $180K | +9.1% |
5+ Bedrooms | $206K | $226K | +9.7% |
Summary: Lincoln County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 19.6%, 2 bedroom homes decreased by 1%, 3 bedroom homes increased by 38.5%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes increased by 9.7%.
Median Sold Price Compared To Nearby Counties
Lincoln County | $125K | $136.4K | +9.2% |
Yellow Medicine County | $135K | $146.2K | +8.3% |
Pipestone County | $155K | $161.5K | +4.2% |
Lyon County | $186K | $192.1K | +3.3% |
Housing Supply in Lincoln County, MN
How many homes are available in Lincoln County, MN?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
10 | 11 | +10.0% |
Summary: The Lincoln County real estate market had 11 homes for sale in May 2024, a 10.0% 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 | 0 | 1 | +100.0% |
3 Bedrooms | 8 | 7 | -12.5% |
4 Bedrooms | 2 | 2 | 0.0% |
5+ Bedrooms | 0 | 1 | +100.0% |
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 100%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
2 | 3 | +50.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Lincoln County in May 2024, up by 50.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Lincoln County, MN
How long does it take to sell a home in Lincoln County, MN?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
70 Days | 118 Days | +67.3% |
Summary: Homes in Lincoln County had an average of 118 days on market in May 2024, up by 67.3% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 3 homes were sold in Lincoln County; 0% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.