Is Lincoln County, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lincoln County is a buyer'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, NC

How much do homes in Lincoln County, NC cost?

Median Sold Price

$389,650

$207/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$14,666(+3.9%)

Key Takeaway

Homes in Lincoln County have sold for 3.9% more than they did a year ago.

Summary: The median home sold price in Lincoln County was $389,650 in November 2024, up 3.9% from last year, and the median price per square foot was $207.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $182.5K$138K
-24.4%
2 $234.5K$197.4K
-15.8%
3 $330K$339K
+2.7%
4 $572.5K$600K
+4.8%
5+ $661K$657.5K
-0.5%

Summary: Lincoln County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 24.4%, 2 bedroom homes decreased by 15.8%, 3 bedroom homes increased by 2.7%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes decreased by 0.5%.

Median Sold Price Compared To Nearby Counties

Mecklenburg County
+5.2%
Catawba County
+4.7%
Burke County
+4.7%
Iredell County
+4.6%
Lincoln County
+3.9%

Housing Supply in Lincoln County, NC

How many homes are available in Lincoln County, NC?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
479457-4.6%

Summary: The Lincoln County real estate market had 457 homes for sale in November 2024, a 4.6% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 10
-100.0%
2 6844
-35.3%
3 233232
-0.4%
4 123127
+3.3%
5+ 5454
0.0%

Summary: The Lincoln County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 35.3%, 3 bedroom homes decreased by 0.4%, 4 bedroom homes increased by 3.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
11764-45.3%

Asking Price vs. Sold Price

36 Homes Were Sold
Under Asking

12 Homes Were Sold
At Asking

16 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lincoln County, you may be able to get a good deal. 56.3% of homes here sold below asking price last month.

Summary: A total of 64 homes were sold or pending in Lincoln County in November 2024, down by 45.3% month-over-month. Of the 64 sold homes, 56% were sold under asking, 19% were sold at asking, and 25% were sold over asking.

Days on Market for Lincoln County, NC

How long does it take to sell a home in Lincoln County, NC?

Average Sale Time

Nov 2023Nov 2024CHANGE
38 Days56 Days+48.9%

Summary: Homes in Lincoln County had an average of 56 days on market in Nov 2024, up by 48.9% compared to last year.

Breakdown of Home Sale Times

32 Homes Were Sold
Under 30 Days

20 Homes Were Sold
In 30 - 90 Days

12 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Lincoln County are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 64 homes were sold in Lincoln County; 50% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 20 Days Ago

Newest Listings in Lincoln County, NC

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What housing markets are near Lincoln County, NC?