$6,531 Closing Credit*
$550,000
2,300 SqFt
4 Beds
•3 Full Baths
Donna Watson, Listing Office: The Watson Realty Group, LLC
Is Lincoln, DE a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Lincoln was a Seller's Market.
Key Takeaway
Lincoln is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Lincoln, DE
How much do homes in Lincoln, DE cost?
Median Sold Price
$395,000
$214/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$45,100(+12.9%)
Key Takeaway
Homes in Lincoln have sold for 12.9% more than they did a year ago.
Summary: The median home sold price in Lincoln was $395,000 in November 2024, up 12.9% from last year, and the median price per square foot was $214.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $265K | $200K | -24.5% |
| 3 Bedrooms | $315K | $377.5K | +19.8% |
| 4 Bedrooms | $455.4K | $467.4K | +2.6% |
| 5+ Bedrooms | $395K | $591.9K | +49.9% |
Summary: Lincoln housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 24.5%, 3 bedroom homes increased by 19.8%, 4 bedroom homes increased by 2.6%, and 5+ bedroom homes increased by 49.9%.
Median Sold Price Compared To Nearby Cities
| Lincoln | $349.9K | $395K | +12.9% |
| Milford | $317.4K | $354.5K | +11.7% |
| Milford | $315K | $351.5K | +11.6% |
| Bridgeville-Greenwood | $320K | $349.9K | +9.4% |
| Milford South | $332.5K | $359.9K | +8.3% |
Housing Supply in Lincoln, DE
How many homes are available in Lincoln, DE?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 32 | 31 | -3.1% |
Summary: The Lincoln real estate market had 31 homes for sale in November 2024, a 3.1% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 21 | 20 | -4.8% |
| 4 Bedrooms | 8 | 8 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Lincoln housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 4.8%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 2 | -66.7% |
Asking Price vs. Sold Price
0 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, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 2 homes were sold or pending in Lincoln in November 2024, down by 66.7% month-over-month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.
Days on Market for Lincoln, DE
How long does it take to sell a home in Lincoln, DE?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 71 Days | 67 Days | -5.9% |
Summary: Homes in Lincoln had an average of 67 days on market in Nov 2024, down by 5.9% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Lincoln has remained consistent over time.
Summary: During November 2024, 2 homes were sold in Lincoln; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
