$3,325 Closing Credit*
$280,000
2,147 SqFt
4 Beds
•1 Full Bath
Listing Office: Trilogy Real Estate
Is Lincoln, ND 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 was a Neutral Market.
Key Takeaway
Lincoln is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lincoln, ND
How much do homes in Lincoln, ND cost?
Median Sold Price
$277,500
$130/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$2,500(+0.9%)
Key Takeaway
Homes in Lincoln have sold for 0.9% more than they did a year ago.
Summary: The median home sold price in Lincoln was $277,500 in October 2024, up 0.9% from last year, and the median price per square foot was $130.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $230K | - | N/A |
| 2 Bedrooms | $167K | $246.5K | +47.6% |
| 3 Bedrooms | $275K | $275K | 0.0% |
| 4 Bedrooms | $361.2K | $315K | -12.8% |
| 5+ Bedrooms | $282.5K | $380K | +34.5% |
Summary: Lincoln 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 47.6%, 3 bedroom homes did not change, 4 bedroom homes decreased by 12.8%, and 5+ bedroom homes increased by 34.5%.
Median Sold Price Compared To Nearby Neighborhoods
| Brunsdale | $226K | $235K | +4.0% |
| Lincoln | $275K | $277.5K | +0.9% |
Housing Supply in Lincoln, ND
How many homes are available in Lincoln, ND?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 21 | 17 | -19.0% |
Summary: The Lincoln real estate market had 17 homes for sale in October 2024, a 19.0% decrease 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 | 2 | 0.0% |
| 3 Bedrooms | 13 | 6 | -53.8% |
| 4 Bedrooms | 6 | 9 | +50.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Lincoln 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 decreased by 53.8%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 4 | -33.3% |
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 October 2024, down by 33.3% 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, ND
How long does it take to sell a home in Lincoln, ND?
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 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 4 homes were sold in Lincoln; 50% 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.
