$87,000
0.48 Acres
Land
Zane Erickson, Listing Office: RE/MAX Valley 1 Realty
Is Lincoln County, WY 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 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, WY
How much do homes in Lincoln County, WY cost?
Median Sold Price
$555,000
$280/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$20,000(+3.7%)
Key Takeaway
Homes in Lincoln County have sold for 3.7% more than they did a year ago.
Summary: The median home sold price in Lincoln County was $555,000 in November 2024, up 3.7% from last year, and the median price per square foot was $280.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $517.5K | $253.7K | -51.0% |
| 2 Bedrooms | $485K | $405K | -16.5% |
| 3 Bedrooms | $448K | $521K | +16.3% |
| 4 Bedrooms | $590K | $632.5K | +7.2% |
| 5+ Bedrooms | $788K | $930K | +18.0% |
Summary: Lincoln County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 51%, 2 bedroom homes decreased by 16.5%, 3 bedroom homes increased by 16.3%, 4 bedroom homes increased by 7.2%, and 5+ bedroom homes increased by 18%.
Housing Supply in Lincoln County, WY
How many homes are available in Lincoln County, WY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 181 | 163 | -9.9% |
Summary: The Lincoln County real estate market had 163 homes for sale in November 2024, a 9.9% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 5 | -16.7% |
| 2 Bedrooms | 29 | 25 | -13.8% |
| 3 Bedrooms | 78 | 70 | -10.3% |
| 4 Bedrooms | 39 | 34 | -12.8% |
| 5+ Bedrooms | 29 | 29 | 0.0% |
Summary: The Lincoln County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 16.7%, 2 bedroom homes decreased by 13.8%, 3 bedroom homes decreased by 10.3%, 4 bedroom homes decreased by 12.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 23 | 23 | 0.0% |
Asking Price vs. Sold Price
21 Homes Were Sold
Under Asking
0 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. 91.3% of homes here sold below asking price last month.
Summary: A total of 23 homes were sold or pending in Lincoln County in November 2024, the same as the previous month. Of the 23 sold homes, 91% were sold under asking, 0% were sold at asking, and 9% were sold over asking.
Days on Market for Lincoln County, WY
How long does it take to sell a home in Lincoln County, WY?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 120 Days | 141 Days | +17.7% |
Summary: Homes in Lincoln County had an average of 141 days on market in Nov 2024, up by 17.7% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
15 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 November 2024, 23 homes were sold in Lincoln County; 4% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 65% of homes were sold over 90 days.
DISCLAIMER: Information provided through the Teton IDX Program is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties and individual consumers interested in purchasing. Properties displayed through the Teton IDX Program may be selected by and displayed by an IDX participant, who may not necessarily be the listing agent. Any information contained herein is deemed reliable, but not guaranteed and the Teton MLS is not responsible or liable for the information. © 2024 MLS.
Disclaimer: Information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. The data relating to real estate on this web site comes in part from the Wyoming MLS Internet Data Exchange Program. Real estate listings held by brokerage firms other than the listing office named are marked with the Wyoming MLS IDX logo and detailed information about them includes the name of the listing broker. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright © 2024 Wyoming MLS. All Rights Reserved.
Based on information from UtahRealEstate.com All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or the MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information deemed reliable but not guaranteed accurate. The compilation of listings and each individual listing are Copyright © 2024 UtahRealEstate.com All rights reserved.