$2,838 Closing Credit*
$239,000
1,196 SqFt
2 Beds
•1 Full Bath, 1 Partial
Jana Ewing, Listing Office: Gordon Real Estate Group
Is Lincoln County, CO 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 County was a Buyer's Market.
Key Takeaway
Lincoln County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lincoln County, CO
How much do homes in Lincoln County, CO cost?
Median Sold Price
$287,000
$191/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
+$82,000(+40.0%)
Key Takeaway
Homes in Lincoln County have sold for 40% more than they did a month ago.
Summary: The median home sold price in Lincoln County was $287,000 in October 2024, up 40% from last month, and the median price per square foot was $191.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $110K | $185K | +68.2% |
| 3 Bedrooms | $300K | $300K | 0.0% |
| 4 Bedrooms | - | $243.5K | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Lincoln County 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 increased by 68.2%, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Counties
| Lincoln County | $205K | $287K | +40.0% |
| El Paso County | $501.6K | $490K | -2.3% |
Housing Supply in Lincoln County, CO
How many homes are available in Lincoln County, CO?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 24 | 27 | +12.5% |
Summary: The Lincoln County real estate market had 27 homes for sale in October 2024, a 12.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 5 | 5 | 0.0% |
| 3 Bedrooms | 10 | 10 | 0.0% |
| 4 Bedrooms | 8 | 10 | +25.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Lincoln County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 5 | +150.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Lincoln County, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Lincoln County in October 2024, up by 150.0% month-over-month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.
Days on Market for Lincoln County, CO
How long does it take to sell a home in Lincoln County, CO?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 Days | 51 Days | +924.0% |
Summary: Homes in Lincoln County had an average of 51 days on market in Oct 2024, up by 924% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Lincoln County are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 5 homes were sold in Lincoln County; 40% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
Listings courtesy of REColorado as distributed by MLS GRID.
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