Is Lincoln County, TN 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, TN
How much do homes in Lincoln County, TN cost?
Median Sold Price
$250,000
$164/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 $250,000 in May 2024, up 7.5% from last year, and the median price per square foot was $164.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $319K | $200K | -37.3% |
2 Bedrooms | $152.5K | $160K | +4.9% |
3 Bedrooms | $235K | $244K | +3.8% |
4 Bedrooms | $365K | $425K | +16.4% |
5+ Bedrooms | $575K | $458K | -20.3% |
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 37.3%, 2 bedroom homes increased by 4.9%, 3 bedroom homes increased by 3.8%, 4 bedroom homes increased by 16.4%, and 5+ bedroom homes decreased by 20.3%.
Median Sold Price Compared To Nearby Counties
Moore County | $355K | $475K | +33.8% |
Lincoln County | $232.6K | $250K | +7.5% |
Bedford County | $302.8K | $315.2K | +4.1% |
Franklin County | $289.9K | $299.9K | +3.4% |
Marshall County | $320K | $329.8K | +3.1% |
Housing Supply in Lincoln County, TN
How many homes are available in Lincoln County, TN?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
158 | 174 | +10.1% |
Summary: The Lincoln County real estate market had 174 homes for sale in May 2024, a 10.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 4 | -20.0% |
2 Bedrooms | 20 | 26 | +30.0% |
3 Bedrooms | 89 | 100 | +12.4% |
4 Bedrooms | 35 | 34 | -2.9% |
5+ Bedrooms | 9 | 10 | +11.1% |
Summary: The Lincoln County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes increased by 30%, 3 bedroom homes increased by 12.4%, 4 bedroom homes decreased by 2.9%, and 5+ bedroom homes increased by 11.1%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
34 | 34 | 0.0% |
Asking Price vs. Sold Price
22 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 34 homes were sold or pending in Lincoln County in May 2024, the same as the previous month. Of the 33 sold homes, 67% were sold under asking, 18% were sold at asking, and 15% were sold over asking.
Days on Market for Lincoln County, TN
How long does it take to sell a home in Lincoln County, TN?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
21 Days | 45 Days | +109.8% |
Summary: Homes in Lincoln County had an average of 45 days on market in May 2024, up by 109.8% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During May 2024, 34 homes were sold in Lincoln County; 56% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.