$7,006 Closing Credit*
$590,000
1,730 SqFt
2 Beds
•2 Full Baths, 2 Partial
John M Ripley, Listing Office: KW Metro Center
Is Lincolnia, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Lincolnia has remained a Seller's Market.
Key Takeaway
Lincolnia is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lincolnia, VA
How much do homes in Lincolnia, VA cost?
Median Sold Price
$665,000
$344/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$10,000(+1.5%)
Key Takeaway
Homes in Lincolnia have sold for 1.5% more than they did a year ago.
Summary: The median home sold price in Lincolnia was $665,000 in November 2024, up 1.5% from last year, and the median price per square foot was $344.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $292K | $325K | +11.3% |
| 2 Bedrooms | $421K | $500K | +18.8% |
| 3 Bedrooms | $670K | $669.9K | 0% |
| 4 Bedrooms | $769.5K | $830K | +7.9% |
| 5+ Bedrooms | $850K | $860K | +1.2% |
Summary: Lincolnia housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.3%, 2 bedroom homes increased by 18.8%, 3 bedroom homes did not change, 4 bedroom homes increased by 7.9%, and 5+ bedroom homes increased by 1.2%.
Housing Supply in Lincolnia, VA
How many homes are available in Lincolnia, VA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 36 | 43 | +19.4% |
Summary: The Lincolnia real estate market had 43 homes for sale in November 2024, a 19.4% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 4 | 0.0% |
| 2 Bedrooms | 10 | 14 | +40.0% |
| 3 Bedrooms | 14 | 14 | 0.0% |
| 4 Bedrooms | 6 | 7 | +16.7% |
| 5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The Lincolnia housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 40%, 3 bedroom homes remained the same, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 12 | 11 | -8.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lincolnia, you could pay more than the asking price. 63.6% of homes here sold above asking price last month.
Summary: A total of 11 homes were sold or pending in Lincolnia in November 2024, down by 8.3% month-over-month. Of the 11 sold homes, 27% were sold under asking, 9% were sold at asking, and 64% were sold over asking.
Days on Market for Lincolnia, VA
How long does it take to sell a home in Lincolnia, VA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 19 Days | 20 Days | +1.9% |
Summary: Homes in Lincolnia had an average of 20 days on market in Nov 2024, up by 1.9% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lincolnia are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 11 homes were sold in Lincolnia; 64% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
