$14,000
0.34 Acres
Land
Ricardo Ortiz, Listing Office: Gold Star Gallery Homes, Inc
Is Lincoln, AL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Lincoln was a Buyer's Market.
Key Takeaway
Lincoln is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lincoln, AL
How much do homes in Lincoln, AL cost?
Median Sold Price
$300,000
$161/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
-$90,000(-23.1%)
Key Takeaway
Homes in Lincoln have sold for 23.1% less than they did a month ago.
Summary: The median home sold price in Lincoln was $300,000 in October 2024, down 23.1% from last month, and the median price per square foot was $161.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $349.9K | N/A |
| 3 Bedrooms | - | $236K | N/A |
| 4 Bedrooms | $390K | $315K | -19.2% |
| 5+ Bedrooms | - | - | N/A |
Summary: Lincoln housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes decreased by 19.2%, and 5+ bedroom homes did not change.
Housing Supply in Lincoln, AL
How many homes are available in Lincoln, AL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 19 | 32 | +68.4% |
Summary: The Lincoln real estate market had 32 homes for sale in October 2024, a 68.4% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 6 | 16 | +166.7% |
| 4 Bedrooms | 11 | 14 | +27.3% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Lincoln housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 166.7%, 4 bedroom homes increased by 27.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 8 | +700.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lincoln, expect to pay close to the asking price. 75% of homes here sold near the asking price last month.
Summary: A total of 8 homes were sold or pending in Lincoln in October 2024, up by 700.0% month-over-month. Of the 8 sold homes, 25% were sold under asking, 75% were sold at asking, and 0% were sold over asking.
Days on Market for Lincoln, AL
How long does it take to sell a home in Lincoln, AL?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 40 Days | 34 Days | -15.0% |
Summary: Homes in Lincoln had an average of 34 days on market in Oct 2024, down by 15% compared to last month.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Lincoln has remained consistent over time.
Summary: During October 2024, 8 homes were sold in Lincoln; 38% of homes were sold within 30 days, 63% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
