Is Lincoln, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lincoln is a neutral's market

Buyer's
Market

Difference Since Last Month

Last month, Lincoln was a Seller's Market.

Key Takeaway

Lincoln is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Lincoln, NY

How much do homes in Lincoln, NY cost?

Median Sold Price

$345,000

$180/sqft

Based on all homes sold in December 2024.

Difference Since Last Month

+$56,500(+19.6%)

Key Takeaway

Homes in Lincoln have sold for 19.6% more than they did a month ago.

Summary: The median home sold price in Lincoln was $345,000 in December 2024, up 19.6% from last month, and the median price per square foot was $180.

Median Sold Price By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 --
N/A
2 --
N/A
3 -$345K
N/A
4 $288.5K-
N/A
5+ --
N/A

Summary: Lincoln housing prices by bedroom type for December 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Lincoln, NY

How many homes are available in Lincoln, NY?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
86-25.0%

Summary: The Lincoln real estate market had 6 homes for sale in December 2024, a 25.0% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 00
0.0%
3 44
0.0%
4 42
-50.0%
5+ 00
0.0%

Summary: The Lincoln housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
21-50.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lincoln, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Lincoln in December 2024, down by 50.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Lincoln, NY

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

Average Sale Time

Nov 2024Dec 2024CHANGE
124 Days23 Days-81.5%

Summary: Homes in Lincoln had an average of 23 days on market in Dec 2024, down by 81.5% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During December 2024, 1 homes were sold in Lincoln; 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.

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

Report Updated 2 Days Ago

Newest Listings in Lincoln, NY

Nearby Markets to Lincoln, NY

What housing markets are near Lincoln, NY?