Is Lincoln County, OR 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, OR
How much do homes in Lincoln County, OR cost?
Median Sold Price
$489,152
$333/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 $489,152 in May 2024, down 6% from last year, and the median price per square foot was $333.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $268K | $300K | +11.9% |
2 Bedrooms | $413K | $417.3K | +1.1% |
3 Bedrooms | $585K | $532.5K | -9.0% |
4 Bedrooms | $660K | $864.9K | +31.0% |
5+ Bedrooms | $1.1M | $500K | -58.2% |
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 11.9%, 2 bedroom homes increased by 1.1%, 3 bedroom homes decreased by 9%, 4 bedroom homes increased by 31%, and 5+ bedroom homes decreased by 58.2%.
Median Sold Price Compared To Nearby Counties
Benton County | $515K | $560K | +8.7% |
Lane County | $450.3K | $451.5K | 0.3% |
Tillamook County | $549.6K | $534K | -2.9% |
Polk County | $469.9K | $445K | -5.3% |
Lincoln County | $520.4K | $489.1K | -6.0% |
Housing Supply in Lincoln County, OR
How many homes are available in Lincoln County, OR?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
214 | 243 | +13.6% |
Summary: The Lincoln County real estate market had 243 homes for sale in May 2024, a 13.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 10 | 13 | +30.0% |
2 Bedrooms | 49 | 56 | +14.3% |
3 Bedrooms | 105 | 117 | +11.4% |
4 Bedrooms | 39 | 43 | +10.3% |
5+ Bedrooms | 11 | 14 | +27.3% |
Summary: The Lincoln County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 30%, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 11.4%, 4 bedroom homes increased by 10.3%, and 5+ bedroom homes increased by 27.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
25 | 21 | -16.0% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 21 homes were sold or pending in Lincoln County in May 2024, down by 16.0% month-over-month. Of the 21 sold homes, 62% were sold under asking, 24% were sold at asking, and 14% were sold over asking.
Days on Market for Lincoln County, OR
How long does it take to sell a home in Lincoln County, OR?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
78 Days | 63 Days | -18.4% |
Summary: Homes in Lincoln County had an average of 63 days on market in May 2024, down by 18.4% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During May 2024, 21 homes were sold in Lincoln County; 43% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.