$2,375 Closing Credit*
$200,000
1,800 SqFt
3 Beds
•1 Full Bath, 1 Partial
Erin Body, Listing Office: Forty Five North Real Estate Oscoda
Is Lincoln Charter Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Lincoln Charter Township has remained a Seller's Market.
Key Takeaway
Lincoln Charter Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lincoln Charter Township, MI
How much do homes in Lincoln Charter Township, MI cost?
Median Sold Price
$335,000
$198/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$20,000(+6.3%)
Key Takeaway
Homes in Lincoln Charter Township have sold for 6.3% more than they did a year ago.
Summary: The median home sold price in Lincoln Charter Township was $335,000 in October 2024, up 6.3% from last year, and the median price per square foot was $198.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $368.5K | $122.5K | -66.8% |
| 2 Bedrooms | $215K | $236.1K | +9.8% |
| 3 Bedrooms | $274K | $296K | +8.0% |
| 4 Bedrooms | $387.9K | $442.5K | +14.1% |
| 5+ Bedrooms | $519.5K | $579K | +11.4% |
Summary: Lincoln Charter Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 66.8%, 2 bedroom homes increased by 9.8%, 3 bedroom homes increased by 8%, 4 bedroom homes increased by 14.1%, and 5+ bedroom homes increased by 11.4%.
Median Sold Price Compared To Nearby Cities
| Stevensville | $320K | $355K | +10.9% |
| Saint Joseph Charter Township | $260K | $280K | +7.7% |
| Lincoln Charter Township | $315K | $335K | +6.3% |
| Royalton Township | $400K | $420K | +5.0% |
Housing Supply in Lincoln Charter Township, MI
How many homes are available in Lincoln Charter Township, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 60 | 69 | +15.0% |
Summary: The Lincoln Charter Township real estate market had 69 homes for sale in October 2024, a 15.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 12 | 12 | 0.0% |
| 3 Bedrooms | 14 | 18 | +28.6% |
| 4 Bedrooms | 19 | 25 | +31.6% |
| 5+ Bedrooms | 12 | 11 | -8.3% |
Summary: The Lincoln Charter Township 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 remained the same, 3 bedroom homes increased by 28.6%, 4 bedroom homes increased by 31.6%, and 5+ bedroom homes decreased by 8.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 10 | 13 | +30.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lincoln Charter Township, you may be able to get a good deal. 53.8% of homes here sold below asking price last month.
Summary: A total of 13 homes were sold or pending in Lincoln Charter Township in October 2024, up by 30.0% month-over-month. Of the 13 sold homes, 54% were sold under asking, 15% were sold at asking, and 31% were sold over asking.
Days on Market for Lincoln Charter Township, MI
How long does it take to sell a home in Lincoln Charter Township, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 63 Days | 38 Days | -38.6% |
Summary: Homes in Lincoln Charter Township had an average of 38 days on market in Oct 2024, down by 38.6% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lincoln Charter Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 13 homes were sold in Lincoln Charter Township; 54% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.
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