$2,553 Closing Credit*
$215,000
1,200 SqFt
3 Beds
•2 Baths
Derek Korbelik, Listing Office: Nebraska Realty
Is Lincoln, NE a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Lincoln has remained a Seller's Market.
Key Takeaway
Lincoln is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lincoln, NE
How much do homes in Lincoln, NE cost?
Median Sold Price
$289,500
$157/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
-$9,187(-3.1%)
Key Takeaway
Homes in Lincoln have sold for 3.1% less than they did a month ago.
Summary: The median home sold price in Lincoln was $289,500 in October 2024, down 3.1% from last month, and the median price per square foot was $157.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $239K | $155.2K | -35.0% |
| 2 Bedrooms | $230K | $230K | 0.0% |
| 3 Bedrooms | $280K | $272.5K | -2.7% |
| 4 Bedrooms | $377.4K | $376K | -0.4% |
| 5+ Bedrooms | $508.5K | $479.9K | -5.6% |
Summary: Lincoln housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes decreased by 35%, 2 bedroom homes did not change, 3 bedroom homes decreased by 2.7%, 4 bedroom homes decreased by 0.4%, and 5+ bedroom homes decreased by 5.6%.
Housing Supply in Lincoln, NE
How many homes are available in Lincoln, NE?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1,058 | 1,165 | +10.1% |
Summary: The Lincoln real estate market had 1,165 homes for sale in October 2024, a 10.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 20 | 18 | -10.0% |
| 2 Bedrooms | 204 | 200 | -2.0% |
| 3 Bedrooms | 417 | 457 | +9.6% |
| 4 Bedrooms | 268 | 304 | +13.4% |
| 5+ Bedrooms | 149 | 186 | +24.8% |
Summary: The Lincoln housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 10%, 2 bedroom homes decreased by 2%, 3 bedroom homes increased by 9.6%, 4 bedroom homes increased by 13.4%, and 5+ bedroom homes increased by 24.8%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 296 | 268 | -9.5% |
Asking Price vs. Sold Price
114 Homes Were Sold
Under Asking
81 Homes Were Sold
At Asking
63 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lincoln, you may be able to get a good deal. 44.2% of homes here sold below asking price last month.
Summary: A total of 268 homes were sold or pending in Lincoln in October 2024, down by 9.5% month-over-month. Of the 258 sold homes, 44% were sold under asking, 31% were sold at asking, and 24% were sold over asking.
Days on Market for Lincoln, NE
How long does it take to sell a home in Lincoln, NE?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 15 Days | 19 Days | +30.1% |
Summary: Homes in Lincoln had an average of 19 days on market in Oct 2024, up by 30.1% compared to last month.
Breakdown of Home Sale Times
216 Homes Were Sold
Under 30 Days
41 Homes Were Sold
In 30 - 90 Days
11 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, 268 homes were sold in Lincoln; 81% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Great Plains Regional MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by other brokerage firms are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright © 2024 Great Plains REALTORS® Multiple Listing Service, Inc. All rights reserved.