$2,939 Closing Credit*
$247,500
4 Beds
•2 Full Baths
Listing Office: ERA Select Real Estate
Is Lincoln County, KY 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 County was a Seller's Market.
Key Takeaway
Lincoln County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Lincoln County, KY
How much do homes in Lincoln County, KY cost?
Median Sold Price
$185,000
-
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$1,000(-0.5%)
Key Takeaway
Homes in Lincoln County have sold for 0.5% less than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $136K | $159K | +16.9% |
| 2 Bedrooms | $105.5K | $140K | +32.7% |
| 3 Bedrooms | $180K | $190K | +5.6% |
| 4 Bedrooms | $232.5K | $223.5K | -3.9% |
| 5+ Bedrooms | $360K | $310K | -13.9% |
Summary: Lincoln County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 16.9%, 2 bedroom homes increased by 32.7%, 3 bedroom homes increased by 5.6%, 4 bedroom homes decreased by 3.9%, and 5+ bedroom homes decreased by 13.9%.
Median Sold Price Compared To Nearby Counties
| Boyle County | $221K | $250K | +13.1% |
| Casey County | $190K | $209K | +10.0% |
| Rockcastle County | $172.5K | $177K | +2.6% |
| Lincoln County | $186K | $185K | -0.5% |
| Garrard County | $271.2K | $265K | -2.3% |
Housing Supply in Lincoln County, KY
How many homes are available in Lincoln County, KY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 79 | 81 | +2.5% |
Summary: The Lincoln County real estate market had 81 homes for sale in November 2024, a 2.5% increase 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 | 9 | 10 | +11.1% |
| 3 Bedrooms | 42 | 43 | +2.4% |
| 4 Bedrooms | 19 | 18 | -5.3% |
| 5+ Bedrooms | 9 | 10 | +11.1% |
Summary: The Lincoln County 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 increased by 11.1%, 3 bedroom homes increased by 2.4%, 4 bedroom homes decreased by 5.3%, and 5+ bedroom homes increased by 11.1%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 12 | 11 | -8.3% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
0 Homes Were 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. 90.9% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in Lincoln County in November 2024, down by 8.3% month-over-month. Of the 11 sold homes, 91% were sold under asking, 0% were sold at asking, and 9% were sold over asking.
Days on Market for Lincoln County, KY
How long does it take to sell a home in Lincoln County, KY?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 25 Days | 61 Days | +142.9% |
Summary: Homes in Lincoln County had an average of 61 days on market in Nov 2024, up by 142.9% compared to last year.
Breakdown of Home Sale Times
5 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 County are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 11 homes were sold in Lincoln County; 45% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Lexington-Bluegrass Association of Realtors Multiple Listing Service. Real estate listings held by IDX Brokerage firms other than this broker, are marked with the IDX logo or the IDX thumbnail logo and detailed information about them includes the name of the listing IDX Brokers. Information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Listing(s) information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. © 2024 LBAR Multiple Listing Service. All rights reserved.