$2,672 Closing Credit*
$225,000
1,929 SqFt
4 Beds
•2 Full Baths, 1 Partial
Seth Goodman, Listing Office: ME Realty
Is Lincoln, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Lincoln has remained a Seller'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, IL
How much do homes in Lincoln, IL cost?
Median Sold Price
$121,950
$89/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$22,450(+22.6%)
Key Takeaway
Homes in Lincoln have sold for 22.6% more than they did a year ago.
Summary: The median home sold price in Lincoln was $121,950 in November 2024, up 22.6% from last year, and the median price per square foot was $89.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $29K | $30K | +3.4% |
| 2 Bedrooms | $75K | $92.5K | +23.4% |
| 3 Bedrooms | $110.2K | $132K | +19.7% |
| 4 Bedrooms | $161K | $162.5K | +0.9% |
| 5+ Bedrooms | $165K | $190K | +15.2% |
Summary: Lincoln housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.4%, 2 bedroom homes increased by 23.4%, 3 bedroom homes increased by 19.7%, 4 bedroom homes increased by 0.9%, and 5+ bedroom homes increased by 15.2%.
Median Sold Price Compared To Nearby Cities
| East Lincoln Township | $99.2K | $125K | +25.9% |
| Lincoln | $99.5K | $121.9K | +22.6% |
| West Lincoln Township | $99.7K | $109.5K | +9.8% |
| Chester Township | $127.2K | $132K | +3.7% |
Housing Supply in Lincoln, IL
How many homes are available in Lincoln, IL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 85 | 65 | -23.5% |
Summary: The Lincoln real estate market had 65 homes for sale in November 2024, a 23.5% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 27 | 21 | -22.2% |
| 3 Bedrooms | 35 | 25 | -28.6% |
| 4 Bedrooms | 17 | 15 | -11.8% |
| 5+ Bedrooms | 5 | 3 | -40.0% |
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 decreased by 22.2%, 3 bedroom homes decreased by 28.6%, 4 bedroom homes decreased by 11.8%, and 5+ bedroom homes decreased by 40%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 28 | 24 | -14.3% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lincoln, you may be able to get a good deal. 54.2% of homes here sold below asking price last month.
Summary: A total of 24 homes were sold or pending in Lincoln in November 2024, down by 14.3% month-over-month. Of the 24 sold homes, 54% were sold under asking, 21% were sold at asking, and 25% were sold over asking.
Days on Market for Lincoln, IL
How long does it take to sell a home in Lincoln, IL?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 19 Days | 39 Days | +99.3% |
Summary: Homes in Lincoln had an average of 39 days on market in Nov 2024, up by 99.3% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 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, 24 homes were sold in Lincoln; 75% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.
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