Is Lincoln Township, MO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lincoln Township is a seller's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

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

Housing Prices in Lincoln Township, MO

How much do homes in Lincoln Township, MO cost?

Median Sold Price

$227,250

$1,210/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$7,250(+3.3%)

Key Takeaway

Homes in Lincoln Township have sold for 3.3% more than they did a year ago.

Summary: The median home sold price in Lincoln Township was $227,250 in May 2024, up 3.3% from last year, and the median price per square foot was $1,210.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $308.5K-
N/A
2 $75K$144.5K
+92.7%
3 $215K$223.5K
+4.0%
4 $312K$242.5K
-22.3%
5+ $452.5K$467.4K
+3.3%

Summary: Lincoln Township 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 92.7%, 3 bedroom homes increased by 4%, 4 bedroom homes decreased by 22.3%, and 5+ bedroom homes increased by 3.3%.

Median Sold Price Compared To Nearby Cities

East Republic Township
+7.6%
Clever
+4.5%
Lincoln Township
+3.3%
Union Chapel Township
+3.1%
Rosedale Township
-1.2%

Housing Supply in Lincoln Township, MO

How many homes are available in Lincoln Township, MO?

Number of Homes For Sale

Apr 2024May 2024CHANGE
3236+12.5%

Summary: The Lincoln Township real estate market had 36 homes for sale in May 2024, a 12.5% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 13
+200.0%
3 1722
+29.4%
4 86
-25.0%
5+ 65
-16.7%

Summary: The Lincoln Township 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 200%, 3 bedroom homes increased by 29.4%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes decreased by 16.7%.

Number of Homes Sold

Apr 2024May 2024CHANGE
78+14.3%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lincoln Township, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in Lincoln Township in May 2024, up by 14.3% month-over-month. Of the 7 sold homes, 43% were sold under asking, 43% were sold at asking, and 14% were sold over asking.

Days on Market for Lincoln Township, MO

How long does it take to sell a home in Lincoln Township, MO?

Average Sale Time

May 2023May 2024CHANGE
36 Days9 Days-72.6%

Summary: Homes in Lincoln Township had an average of 9 days on market in May 2024, down by 72.6% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 8 homes were sold in Lincoln Township; 100% of homes were sold within 30 days, 0% 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 Lincoln Township, MO

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