$1,722 Closing Credit*
$145,000
1,168 SqFt
2 Beds
•1 Bath
Listing Office: Edina Realty, Inc.
Is Lincoln County, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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, MN
How much do homes in Lincoln County, MN cost?
Median Sold Price
$147,500
$89/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$12,500(+9.3%)
Key Takeaway
Homes in Lincoln County have sold for 9.3% more than they did a year ago.
Summary: The median home sold price in Lincoln County was $147,500 in October 2024, up 9.3% from last year, and the median price per square foot was $89.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $45K | - | N/A |
| 2 Bedrooms | $94K | $560K | +495.7% |
| 3 Bedrooms | $121K | $146.2K | +20.9% |
| 4 Bedrooms | $180K | $153.5K | -14.7% |
| 5+ Bedrooms | $186.5K | $170K | -8.8% |
Summary: Lincoln County 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 495.7%, 3 bedroom homes increased by 20.9%, 4 bedroom homes decreased by 14.7%, and 5+ bedroom homes decreased by 8.8%.
Median Sold Price Compared To Nearby Counties
| Yellow Medicine County | $142K | $160K | +12.7% |
| Lincoln County | $135K | $147.5K | +9.3% |
| Pipestone County | $157.5K | $172K | +9.2% |
| Lyon County | $175K | $190K | +8.6% |
Housing Supply in Lincoln County, MN
How many homes are available in Lincoln County, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 18 | 28 | +55.6% |
Summary: The Lincoln County real estate market had 28 homes for sale in October 2024, a 55.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 4 | +100.0% |
| 3 Bedrooms | 9 | 14 | +55.6% |
| 4 Bedrooms | 6 | 8 | +33.3% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Lincoln County 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 100%, 3 bedroom homes increased by 55.6%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
Asking Price vs. Sold Price
1 Home Was 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. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Lincoln County in October 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Lincoln County, MN
How long does it take to sell a home in Lincoln County, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 19 Days | 10 Days | -49.4% |
Summary: Homes in Lincoln County had an average of 10 days on market in Oct 2024, down by 49.4% compared to last year.
Breakdown of Home Sale Times
2 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 County are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 2 homes were sold in Lincoln County; 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.
