$10,000 Closing Credit*
$1,775,000
4,312 SqFt
4 Beds
•4 Full Baths
Dennis Regen, Korey Hazard, Listing Office: Taylor & Taylor Realty Co.
Is Lincoln County, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Lincoln County was a Seller's Market.
Key Takeaway
Lincoln County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Lincoln County, OR
How much do homes in Lincoln County, OR cost?
Median Sold Price
$512,023
$335/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$32,023(+6.7%)
Key Takeaway
Homes in Lincoln County have sold for 6.7% more than they did a year ago.
Summary: The median home sold price in Lincoln County was $512,023 in November 2024, up 6.7% from last year, and the median price per square foot was $335.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $299.9K | $269.9K | -10.0% |
| 2 Bedrooms | $425K | $410K | -3.5% |
| 3 Bedrooms | $525K | $586.9K | +11.8% |
| 4 Bedrooms | $764K | $749K | -2.0% |
| 5+ Bedrooms | $610K | $734.5K | +20.4% |
Summary: Lincoln County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10%, 2 bedroom homes decreased by 3.5%, 3 bedroom homes increased by 11.8%, 4 bedroom homes decreased by 2%, and 5+ bedroom homes increased by 20.4%.
Median Sold Price Compared To Nearby Counties
| Lincoln County | $480K | $512K | +6.7% |
| Lane County | $450.2K | $459.6K | +2.1% |
| Polk County | $459.9K | $445K | -3.3% |
| Tillamook County | $549.3K | $512.7K | -6.7% |
Housing Supply in Lincoln County, OR
How many homes are available in Lincoln County, OR?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 245 | 216 | -11.8% |
Summary: The Lincoln County real estate market had 216 homes for sale in November 2024, a 11.8% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 10 | 9 | -10.0% |
| 2 Bedrooms | 69 | 53 | -23.2% |
| 3 Bedrooms | 114 | 106 | -7.0% |
| 4 Bedrooms | 35 | 30 | -14.3% |
| 5+ Bedrooms | 17 | 18 | +5.9% |
Summary: The Lincoln County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 10%, 2 bedroom homes decreased by 23.2%, 3 bedroom homes decreased by 7%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes increased by 5.9%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 47 | 18 | -61.7% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lincoln County, you may be able to get a good deal. 61.1% of homes here sold below asking price last month.
Summary: A total of 18 homes were sold or pending in Lincoln County in November 2024, down by 61.7% month-over-month. Of the 18 sold homes, 61% were sold under asking, 22% were sold at asking, and 17% were sold over asking.
Days on Market for Lincoln County, OR
How long does it take to sell a home in Lincoln County, OR?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 89 Days | 77 Days | -13.0% |
Summary: Homes in Lincoln County had an average of 77 days on market in Nov 2024, down by 13% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Lincoln County are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 18 homes were sold in Lincoln County; 39% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 44% of homes were sold over 90 days.
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