$2,730 Closing Credit*
$229,900
1,325 SqFt
3 Beds
•2 Full Baths
Hunter Cain, Listing Office: ERA King Real Estate
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 Seller's Market.
Key Takeaway
Lincoln is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Lincoln, AL
How much do homes in Lincoln, AL cost?
Median Sold Price
$276,500
$148/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
-$8,500(-3.0%)
Key Takeaway
Homes in Lincoln have sold for 3% less than they did a month ago.
Summary: The median home sold price in Lincoln was $276,500 in November 2024, down 3% from last month, and the median price per square foot was $148.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $349.9K | - | N/A |
| 3 Bedrooms | $236K | $248.9K | +5.5% |
| 4 Bedrooms | $278.9K | $439K | +57.4% |
| 5+ Bedrooms | - | - | N/A |
Summary: Lincoln housing prices by bedroom type for November 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 increased by 5.5%, 4 bedroom homes increased by 57.4%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Lincoln | $285K | $276.5K | -3.0% |
| Eastaboga | $190K | $172.4K | -9.2% |
Housing Supply in Lincoln, AL
How many homes are available in Lincoln, AL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 45 | 44 | -2.2% |
Summary: The Lincoln real estate market had 44 homes for sale in November 2024, a 2.2% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 24 | 24 | 0.0% |
| 4 Bedrooms | 17 | 15 | -11.8% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Lincoln housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 50%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 11.8%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 9 | 7 | -22.2% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lincoln, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Lincoln in November 2024, down by 22.2% month-over-month. Of the 7 sold homes, 43% were sold under asking, 29% were sold at asking, and 29% 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
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 33 Days | 5 Days | -83.4% |
Summary: Homes in Lincoln had an average of 5 days on market in Nov 2024, down by 83.4% compared to last month.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lincoln are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 7 homes were sold in Lincoln; 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.
