$6,769 Closing Credit*
$570,000
1,648 SqFt
3 Beds
•2 Full Baths
Amy Graham, 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 October 2023
Since last year, Lincoln County has remained a Seller's Market.
Key Takeaway
Lincoln County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lincoln County, OR
How much do homes in Lincoln County, OR cost?
Median Sold Price
$510,000
$333/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$30,000(+6.3%)
Key Takeaway
Homes in Lincoln County have sold for 6.3% more than they did a year ago.
Summary: The median home sold price in Lincoln County was $510,000 in October 2024, up 6.3% from last year, and the median price per square foot was $333.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $299.9K | $264.9K | -11.7% |
| 2 Bedrooms | $418.6K | $415K | -0.9% |
| 3 Bedrooms | $534.9K | $566.6K | +5.9% |
| 4 Bedrooms | $707.5K | $749.5K | +5.9% |
| 5+ Bedrooms | $500K | $780K | +56.0% |
Summary: Lincoln County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 11.7%, 2 bedroom homes decreased by 0.9%, 3 bedroom homes increased by 5.9%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes increased by 56%.
Median Sold Price Compared To Nearby Counties
| Lincoln County | $480K | $510K | +6.3% |
| Lane County | $450.6K | $455.4K | +1.1% |
| Tillamook County | $546K | $514.6K | -5.7% |
| Polk County | $469K | $440K | -6.2% |
Housing Supply in Lincoln County, OR
How many homes are available in Lincoln County, OR?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 240 | 251 | +4.6% |
Summary: The Lincoln County real estate market had 251 homes for sale in October 2024, a 4.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 12 | 11 | -8.3% |
| 2 Bedrooms | 66 | 67 | +1.5% |
| 3 Bedrooms | 113 | 121 | +7.1% |
| 4 Bedrooms | 37 | 36 | -2.7% |
| 5+ Bedrooms | 12 | 16 | +33.3% |
Summary: The Lincoln County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 8.3%, 2 bedroom homes increased by 1.5%, 3 bedroom homes increased by 7.1%, 4 bedroom homes decreased by 2.7%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 32 | 43 | +34.4% |
Asking Price vs. Sold Price
30 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
2 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. 69.8% of homes here sold below asking price last month.
Summary: A total of 43 homes were sold or pending in Lincoln County in October 2024, up by 34.4% month-over-month. Of the 43 sold homes, 70% were sold under asking, 26% were sold at asking, and 5% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 76 Days | 93 Days | +22.1% |
Summary: Homes in Lincoln County had an average of 93 days on market in Oct 2024, up by 22.1% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
15 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lincoln County are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 43 homes were sold in Lincoln County; 40% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 35% of homes were sold over 90 days.
The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland, Oregon. Real estate listings held by another brokerage firm are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2024 Regional Multiple Listing Service, Inc. (RMLS™) Portland, Oregon.