$8,000
Land
Anthony Giglio, Listing Office: ListWithFreedom.com
Is Lincoln County, WA 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 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, WA
How much do homes in Lincoln County, WA cost?
Median Sold Price
$299,950
$166/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$44,950(+17.6%)
Key Takeaway
Homes in Lincoln County have sold for 17.6% more than they did a year ago.
Summary: The median home sold price in Lincoln County was $299,950 in October 2024, up 17.6% from last year, and the median price per square foot was $166.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $200K | $180.2K | -9.9% |
| 2 Bedrooms | $184.2K | $224K | +21.6% |
| 3 Bedrooms | $245K | $279K | +13.9% |
| 4 Bedrooms | $340K | $385K | +13.2% |
| 5+ Bedrooms | $280K | $435K | +55.4% |
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 9.9%, 2 bedroom homes increased by 21.6%, 3 bedroom homes increased by 13.9%, 4 bedroom homes increased by 13.2%, and 5+ bedroom homes increased by 55.4%.
Median Sold Price Compared To Nearby Counties
| Ferry County | $237.5K | $279.5K | +17.7% |
| Lincoln County | $255K | $299.9K | +17.6% |
| Stevens County | $350K | $375K | +7.1% |
| Spokane County | $415.1K | $426.5K | +2.7% |
| Adams County | $316.7K | $316.7K | 0% |
Housing Supply in Lincoln County, WA
How many homes are available in Lincoln County, WA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 88 | 90 | +2.3% |
Summary: The Lincoln County real estate market had 90 homes for sale in October 2024, a 2.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 2 | -50.0% |
| 2 Bedrooms | 15 | 13 | -13.3% |
| 3 Bedrooms | 42 | 45 | +7.1% |
| 4 Bedrooms | 21 | 20 | -4.8% |
| 5+ Bedrooms | 6 | 10 | +66.7% |
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 50%, 2 bedroom homes decreased by 13.3%, 3 bedroom homes increased by 7.1%, 4 bedroom homes decreased by 4.8%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 17 | 10 | -41.2% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Lincoln County, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Lincoln County in October 2024, down by 41.2% month-over-month. Of the 10 sold homes, 80% were sold under asking, 10% were sold at asking, and 10% were sold over asking.
Days on Market for Lincoln County, WA
How long does it take to sell a home in Lincoln County, WA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 37 Days | 125 Days | +231.5% |
Summary: Homes in Lincoln County had an average of 125 days on market in Oct 2024, up by 231.5% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
6 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 October 2024, 10 homes were sold in Lincoln County; 0% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 60% of homes were sold over 90 days.
Listings courtesy of Spokane Association of REALTORS® MLS as distributed by MLS GRID.
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Northwest MLS IDX. Real estate listings held by other brokerage firms are marked with the green "three trees" logo and includes the name of the listing broker(s). Copyright © 2024 Northwest MLS. All rights reserved.