Is Lincoln County, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Lincoln County was a Seller's Market.
Housing Prices in Lincoln County, WA
How much do homes in Lincoln County, WA cost?
Median Sold Price
$274,500
$145/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 $274,500 in May 2024, up 8.7% from last year, and the median price per square foot was $145.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $132.5K | - | N/A |
2 Bedrooms | $215K | $215K | 0.0% |
3 Bedrooms | $242K | $266.3K | +10.1% |
4 Bedrooms | $340K | $435K | +27.9% |
5+ Bedrooms | $391K | $307K | -21.5% |
Summary: Lincoln County 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 did not change, 3 bedroom homes increased by 10.1%, 4 bedroom homes increased by 27.9%, and 5+ bedroom homes decreased by 21.5%.
Median Sold Price Compared To Nearby Counties
Ferry County | $225.9K | $274.9K | +21.7% |
Adams County | $285K | $330K | +15.8% |
Lincoln County | $252.4K | $274.5K | +8.7% |
Spokane County | $418.4K | $422.3K | +0.9% |
Stevens County | $361.6K | $354.5K | -2.0% |
Housing Supply in Lincoln County, WA
How many homes are available in Lincoln County, WA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
67 | 87 | +29.9% |
Summary: The Lincoln County real estate market had 87 homes for sale in May 2024, a 29.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 15 | 18 | +20.0% |
3 Bedrooms | 30 | 38 | +26.7% |
4 Bedrooms | 18 | 25 | +38.9% |
5+ Bedrooms | 3 | 5 | +66.7% |
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 20%, 3 bedroom homes increased by 26.7%, 4 bedroom homes increased by 38.9%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
6 | 9 | +50.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Lincoln County in May 2024, up by 50.0% month-over-month. Of the 9 sold homes, 67% were sold under asking, 22% were sold at asking, and 11% were sold over asking.
Days on Market for Lincoln County, WA
How long does it take to sell a home in Lincoln County, WA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
50 Days | 25 Days | -50.0% |
Summary: Homes in Lincoln County had an average of 25 days on market in May 2024, down by 50% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 9 homes were sold in Lincoln County; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.