Lincoln Single Family Homes: 2013-2018
We've captured the variety and trends in the Lincoln, MA single family market over the last five years by looking across what we consider the different "market brackets".
- Less than $750,000
- Between $750,000 and $999,999
- Between $1,000,000 and $1,249,999
- Between $1,500,000 and $1,749,999
- Between $1,750,000 and $1,999,999
- More than $2,000,000
Here you can see that only 44 houses sold in 2017. You can also see that 2016 saw nearly 20 houses sell for between $750,000 and $1,000,000. Here you can see how few houses sell in the >$2,000,000 range on average, which runs counter to the unaffordable reputation Lincoln has.
As we go into 2018, so many houses are going for over asking because demand is so high at this moment, we are likely to see 2018 push prices up a bit. This data set is huge, and now that we've averaged each of these price brackets, stay tuned for more interesting stats on the Lincoln, MA market performance in the last 5 years!
Trends in Days to Offer
And check out our next graph, which shows the time it takes on average in each price bracket to get an offer on a house once it’s listed. You can see that it is consistently much quicker to sell a house in the <$1m bracket than the $1,750,000-$2,000,000 bracket. But it is hard to draw many more conclusions from this data. You can see that different years just have very different levels of demand at each price. Also, there is no telling from this data what time during the year (or previous year) a house was listed. This has a big impact on the level of demand, since there are consistently many more buyers in the early spring. Also, this doesn’t capture the number of houses that are listed but do not sell.