$10,000 Closing Credit*
$998,500
6,500 SqFt
6 Beds
•4 Full Baths, 2 Partial
Victoria A. Lawson, Listing Office: Long & Foster Real Estate, Inc.
Is Lincoln University, PA 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 University has remained a Seller's Market.
Key Takeaway
Lincoln University is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lincoln University, PA
How much do homes in Lincoln University, PA cost?
Median Sold Price
$535,000
$217/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$34,000(+6.8%)
Key Takeaway
Homes in Lincoln University have sold for 6.8% more than they did a year ago.
Summary: The median home sold price in Lincoln University was $535,000 in October 2024, up 6.8% from last year, and the median price per square foot was $217.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $451.1K | - | N/A |
| 3 Bedrooms | $405K | $450K | +11.1% |
| 4 Bedrooms | $518.6K | $558.2K | +7.6% |
| 5+ Bedrooms | $440K | $756K | +71.8% |
Summary: Lincoln University housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 7.6%, and 5+ bedroom homes increased by 71.8%.
Median Sold Price Compared To Nearby Cities
| Franklin Township | $450K | $597K | +32.7% |
| Lincoln University | $501K | $535K | +6.8% |
| New London Township | $519K | $549.9K | +6.0% |
| Penn Township | $430K | $430K | 0.0% |
Housing Supply in Lincoln University, PA
How many homes are available in Lincoln University, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 13 | 14 | +7.7% |
Summary: The Lincoln University real estate market had 14 homes for sale in October 2024, a 7.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 5 | 5 | 0.0% |
| 4 Bedrooms | 7 | 6 | -14.3% |
| 5+ Bedrooms | 1 | 3 | +200.0% |
Summary: The Lincoln University housing inventory by bedroom type for October 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 14.3%, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 3 | -57.1% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lincoln University, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in Lincoln University in October 2024, down by 57.1% month-over-month. Of the 3 sold homes, 0% were sold under asking, 33% were sold at asking, and 67% were sold over asking.
Days on Market for Lincoln University, PA
How long does it take to sell a home in Lincoln University, PA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 6 Days | 4 Days | -35.5% |
Summary: Homes in Lincoln University had an average of 4 days on market in Oct 2024, down by 35.5% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lincoln University are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 3 homes were sold in Lincoln University; 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.
