Is Lincolnshire, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lincolnshire is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Lincolnshire was a Seller's Market.

Key Takeaway

Lincolnshire 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 Lincolnshire, IL

How much do homes in Lincolnshire, IL cost?

Median Sold Price

$665,444

$235/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$66,444(+11.1%)

Key Takeaway

Homes in Lincolnshire have sold for 11.1% more than they did a year ago.

Summary: The median home sold price in Lincolnshire was $665,444 in October 2024, up 11.1% from last year, and the median price per square foot was $235.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$175K
N/A
2 $386K$397.5K
+3.0%
3 $520K$534K
+2.7%
4 $750K$862K
+14.9%
5+ $808.7K$1.0M
+27.4%

Summary: Lincolnshire housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 3%, 3 bedroom homes increased by 2.7%, 4 bedroom homes increased by 14.9%, and 5+ bedroom homes increased by 27.4%.

Median Sold Price Compared To Nearby Cities

Riverwoods
+20.0%
Lincolnshire
+11.1%
Vernon Township
+10.8%
Vernon Hills
+8.9%

Housing Supply in Lincolnshire, IL

How many homes are available in Lincolnshire, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2737+37.0%

Summary: The Lincolnshire real estate market had 37 homes for sale in October 2024, a 37.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 89
+12.5%
3 612
+100.0%
4 810
+25.0%
5+ 56
+20.0%

Summary: The Lincolnshire 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 increased by 12.5%, 3 bedroom homes increased by 100%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 20%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
660.0%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lincolnshire, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in Lincolnshire in October 2024, the same as the previous month. Of the 6 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Lincolnshire, IL

How long does it take to sell a home in Lincolnshire, IL?

Average Sale Time

Oct 2023Oct 2024CHANGE
12 Days32 Days+156.2%

Summary: Homes in Lincolnshire had an average of 32 days on market in Oct 2024, up by 156.2% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Lincolnshire are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 6 homes were sold in Lincolnshire; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 16 Days Ago

Newest Listings in Lincolnshire, IL

Nearby Markets to Lincolnshire, IL

What housing markets are near Lincolnshire, IL?