$549,000
Land
#73311788, Denece McGann Clinton, Listing Office: Unicorn Realty
Is Lincoln, MA 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, MA
How much do homes in Lincoln, MA cost?
Median Sold Price
$1,150,000
$433/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$76,500(-6.2%)
Key Takeaway
Homes in Lincoln have sold for 6.2% less than they did a year ago.
Summary: The median home sold price in Lincoln was $1,150,000 in November 2024, down 6.2% from last year, and the median price per square foot was $433.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $425K | N/A |
| 2 Bedrooms | $563K | $591K | +5.0% |
| 3 Bedrooms | $905K | $808K | -10.7% |
| 4 Bedrooms | $1.3M | $1.6M | +20.5% |
| 5+ Bedrooms | $1.7M | $2.0M | +18.8% |
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 increased by 5%, 3 bedroom homes decreased by 10.7%, 4 bedroom homes increased by 20.5%, and 5+ bedroom homes increased by 18.8%.
Housing Supply in Lincoln, MA
How many homes are available in Lincoln, MA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 27 | 22 | -18.5% |
Summary: The Lincoln real estate market had 22 homes for sale in November 2024, a 18.5% 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 | 6 | 4 | -33.3% |
| 3 Bedrooms | 4 | 5 | +25.0% |
| 4 Bedrooms | 5 | 4 | -20.0% |
| 5+ Bedrooms | 12 | 9 | -25.0% |
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 33.3%, 3 bedroom homes increased by 25%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 5 | 4 | -20.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lincoln, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in Lincoln in November 2024, down by 20.0% month-over-month. Of the 4 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Lincoln, MA
How long does it take to sell a home in Lincoln, MA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 13 Days | 11 Days | -11.5% |
Summary: Homes in Lincoln had an average of 11 days on market in Nov 2024, down by 11.5% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 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, 4 homes were sold in Lincoln; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
