$8,728 Closing Credit*
$735,000
1,542 SqFt
2 Beds
•2 Full Baths
#73306671, Hilary Bovey, Listing Office: Coldwell Banker Realty - Concord
Is Lincoln, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
At the same time last year, Lincoln was a Buyer'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 September 2023
-$139,000(-10.8%)
Key Takeaway
Homes in Lincoln have sold for 10.8% less than they did a year ago.
Summary: The median home sold price in Lincoln was $1,150,000 in September 2024, down 10.8% from last year, and the median price per square foot was $433.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $425K | N/A |
| 2 Bedrooms | $625K | $590.5K | -5.5% |
| 3 Bedrooms | $977.5K | $778K | -20.4% |
| 4 Bedrooms | $1.4M | $1.3M | -7.5% |
| 5+ Bedrooms | $1.7M | $1.9M | +9.6% |
Summary: Lincoln housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 5.5%, 3 bedroom homes decreased by 20.4%, 4 bedroom homes decreased by 7.5%, and 5+ bedroom homes increased by 9.6%.
Housing Supply in Lincoln, MA
How many homes are available in Lincoln, MA?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 21 | 22 | +4.8% |
Summary: The Lincoln real estate market had 22 homes for sale in September 2024, a 4.8% increase compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 5 | +150.0% |
| 3 Bedrooms | 3 | 2 | -33.3% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 13 | 12 | -7.7% |
Summary: The Lincoln housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 150%, 3 bedroom homes decreased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 7.7%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 8 | 4 | -50.0% |
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 September 2024, down by 50.0% 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
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 13 Days | 33 Days | +146.3% |
Summary: Homes in Lincoln had an average of 33 days on market in Sep 2024, up by 146.3% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 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 September 2024, 4 homes were sold in Lincoln; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
