Is Lincolnton, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lincolnton is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Lincolnton was a Seller's Market.

Key Takeaway

Lincolnton is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Lincolnton, NC

How much do homes in Lincolnton, NC cost?

Median Sold Price

$300,333

$191/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$4,458(+1.5%)

Key Takeaway

Homes in Lincolnton have sold for 1.5% more than they did a year ago.

Summary: The median home sold price in Lincolnton was $300,333 in November 2024, up 1.5% from last year, and the median price per square foot was $191.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $160K$116.7K
-27.1%
2 $200K$181.9K
-9.0%
3 $297.2K$311.9K
+4.9%
4 $385K$412K
+7.0%
5+ $419K$481.5K
+14.9%

Summary: Lincolnton housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 27.1%, 2 bedroom homes decreased by 9%, 3 bedroom homes increased by 4.9%, 4 bedroom homes increased by 7%, and 5+ bedroom homes increased by 14.9%.

Median Sold Price Compared To Nearby Cities

Howards Creek Township
+12.5%
Lincolnton Township
+2.7%
Lincolnton
+1.5%
Ironton Township
0.0%

Housing Supply in Lincolnton, NC

How many homes are available in Lincolnton, NC?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
189185-2.1%

Summary: The Lincolnton real estate market had 185 homes for sale in November 2024, a 2.1% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 10
-100.0%
2 4929
-40.8%
3 107119
+11.2%
4 2329
+26.1%
5+ 98
-11.1%

Summary: The Lincolnton 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 40.8%, 3 bedroom homes increased by 11.2%, 4 bedroom homes increased by 26.1%, and 5+ bedroom homes decreased by 11.1%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
4926-46.9%

Asking Price vs. Sold Price

14 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lincolnton, you may be able to get a good deal. 53.8% of homes here sold below asking price last month.

Summary: A total of 26 homes were sold or pending in Lincolnton in November 2024, down by 46.9% month-over-month. Of the 26 sold homes, 54% were sold under asking, 15% were sold at asking, and 31% were sold over asking.

Days on Market for Lincolnton, NC

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

Average Sale Time

Nov 2023Nov 2024CHANGE
44 Days36 Days-19.6%

Summary: Homes in Lincolnton had an average of 36 days on market in Nov 2024, down by 19.6% compared to last year.

Breakdown of Home Sale Times

16 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 26 homes were sold in Lincolnton; 62% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 8% 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 17 Days Ago

Newest Listings in Lincolnton, NC

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