$4,738 Closing Credit*
$399,000
1,812 SqFt
4 Beds
•2 Baths
Scott Heyamoto, Listing Office: eXp Realty, LLC
Is Lincoln Heights, WA 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 Heights was a Seller's Market.
Key Takeaway
Lincoln Heights is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Lincoln Heights, WA
How much do homes in Lincoln Heights, WA cost?
Median Sold Price
$400,000
$210/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$2,750(-0.7%)
Key Takeaway
Homes in Lincoln Heights have sold for 0.7% less than they did a year ago.
Summary: The median home sold price in Lincoln Heights was $400,000 in November 2024, down 0.7% from last year, and the median price per square foot was $210.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $208K | $185K | -11.1% |
| 2 Bedrooms | $320K | $305K | -4.7% |
| 3 Bedrooms | $380K | $398.5K | +4.9% |
| 4 Bedrooms | $455K | $411.5K | -9.6% |
| 5+ Bedrooms | $510K | $440K | -13.7% |
Summary: Lincoln Heights housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 11.1%, 2 bedroom homes decreased by 4.7%, 3 bedroom homes increased by 4.9%, 4 bedroom homes decreased by 9.6%, and 5+ bedroom homes decreased by 13.7%.
Housing Supply in Lincoln Heights, WA
How many homes are available in Lincoln Heights, WA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 63 | 61 | -3.2% |
Summary: The Lincoln Heights real estate market had 61 homes for sale in November 2024, a 3.2% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 0 | -100.0% |
| 2 Bedrooms | 6 | 6 | 0.0% |
| 3 Bedrooms | 20 | 24 | +20.0% |
| 4 Bedrooms | 25 | 19 | -24.0% |
| 5+ Bedrooms | 10 | 12 | +20.0% |
Summary: The Lincoln Heights housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 20%, 4 bedroom homes decreased by 24%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 13 | 9 | -30.8% |
Asking Price vs. Sold Price
6 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 Heights, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Lincoln Heights in November 2024, down by 30.8% month-over-month. Of the 9 sold homes, 67% were sold under asking, 11% were sold at asking, and 22% were sold over asking.
Days on Market for Lincoln Heights, WA
How long does it take to sell a home in Lincoln Heights, WA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 32 Days | 28 Days | -11.9% |
Summary: Homes in Lincoln Heights had an average of 28 days on market in Nov 2024, down by 11.9% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lincoln Heights are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 9 homes were sold in Lincoln Heights; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of Spokane Association of REALTORS® MLS as distributed by MLS GRID.