$10,000 Closing Credit*
$1,789,000
3,264 SqFt
3 Beds
•4 Full Baths
Dennis Regen, Korey Hazard, Listing Office: Taylor & Taylor Realty Co.
Is Lincoln City, OR 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 City was a Buyer's Market.
Key Takeaway
Lincoln City is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lincoln City, OR
How much do homes in Lincoln City, OR cost?
Median Sold Price
$510,000
$344/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$25,500(+5.3%)
Key Takeaway
Homes in Lincoln City have sold for 5.3% more than they did a year ago.
Summary: The median home sold price in Lincoln City was $510,000 in October 2024, up 5.3% from last year, and the median price per square foot was $344.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $300K | $260K | -13.3% |
| 2 Bedrooms | $400K | $445K | +11.3% |
| 3 Bedrooms | $556.2K | $560K | +0.7% |
| 4 Bedrooms | $712K | $740K | +3.9% |
| 5+ Bedrooms | $958.5K | $780K | -18.6% |
Summary: Lincoln City housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 13.3%, 2 bedroom homes increased by 11.3%, 3 bedroom homes increased by 0.7%, 4 bedroom homes increased by 3.9%, and 5+ bedroom homes decreased by 18.6%.
Housing Supply in Lincoln City, OR
How many homes are available in Lincoln City, OR?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 92 | 103 | +12.0% |
Summary: The Lincoln City real estate market had 103 homes for sale in October 2024, a 12.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 3 | -25.0% |
| 2 Bedrooms | 17 | 19 | +11.8% |
| 3 Bedrooms | 51 | 58 | +13.7% |
| 4 Bedrooms | 14 | 14 | 0.0% |
| 5+ Bedrooms | 6 | 9 | +50.0% |
Summary: The Lincoln City housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes increased by 11.8%, 3 bedroom homes increased by 13.7%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 21 | +250.0% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Lincoln City, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.
Summary: A total of 21 homes were sold or pending in Lincoln City in October 2024, up by 250.0% month-over-month. Of the 21 sold homes, 71% were sold under asking, 24% were sold at asking, and 5% were sold over asking.
Days on Market for Lincoln City, OR
How long does it take to sell a home in Lincoln City, OR?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 133 Days | 64 Days | -51.4% |
Summary: Homes in Lincoln City had an average of 64 days on market in Oct 2024, down by 51.4% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lincoln City are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 21 homes were sold in Lincoln City; 43% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.
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