West Lincoln Real Estate Statistics

West Lincoln real estate average sold price in the last 30 days (March 26 - April 24) was $932,666, which is $269,889 (28.9%) higher than the average price of $662,777 in the previous 30 day period (February 25 - March 25), and $19,234 (2.1%) down from the same period 1 year ago ($951,900). West Lincoln real estate prices over the last 30 days are also $91,709 (9.8%) higher than the average selling price of $840,957 over the past year.

West Lincoln average sold price for homes was $1,192,222 in the last 30 days (March 26 - April 24), which is $528,651 (44.3%) up from the average home price of $663,571 in the previous 30 day period (February 25 - March 25), and $212,334 (17.8%) higher than the same period 1 year ago ($979,888). In the last 30 days West Lincoln the average home price was $288,700 (24.2%) higher than the average selling price of $903,522 over the last 12 months.

Average sold price of West Lincoln townhouse was $573,999 in the last 30 days (March 26 - April 24), down $86,001 (15.0%) from the average townhome price of $660,000 over the previous 30 days (February 25 - March 25), and $126,001 (22.0%) lower than during to the same period 1 year ago ($700,000). Over the last 30 days the average townhouse price in West Lincoln was $9,899 (1.7%) higher compared to the average selling price of $564,100 over the last 12 months.

Average selling price for West Lincoln real estate was $932,666 in the last 30 days (March 26 - April 24), which is collectively $50,086 (5.7%) lower than the average asking price of $879,480. This represents a decline of $34,225 (215.8%) compared to $15,861 (1.9%) Sold-Under-Asking price from the previous 30 day period (February 25 - March 25).

The maximum Sold Over/Under Asking ratio in West Lincoln during the last 12 months was recorded in September, 2023 with an average of $4,944 under the asking price, while the minimum occurring in December, 2023 with $79,249 below the asking price.

Sales to New Listings Ratio (SNLR) represents the number of sales in relation to new inventory listed over a period of time. SNLR for all property types in West Lincoln was 53.6% with 15 properties sold and 10 new properties listed in the past 30 days (March 26 - April 24). This represents a decrease from 180.0% recorded during the previous 30 day period (February 25 - March 25), and an increase from 43.5% compared to the same period one year ago.

Over the the last year the highest SNLR in West Lincoln was 116.7% recorded in March and the lowest was in September at 31.0%. SNLR of under 40% generally represents the Buyers' Market, while 60% and above - the Sellers' Market, with 40% to 60% range signaling a balanced market.

The Average Days on the Market (DOM) for 15 properties that were successfully sold in West Lincoln in the last 30 days (March 26 - April 24) was 59 days, which is 23 days more than 36 days average in the previous 30 day period (February 25 - March 25) and 23 days longer than during the same period a year ago (36 days).

There were 10 delisted properties in West Lincoln, those that got either Expired, Suspended or Terminated over the last 30 days (March 26 - April 24) with an average of 79 days on the market. This is 8 days longer than the average of 71 days during the previous 30 day period (February 25 - March 25) and 51 days more compared to the same period last year average of 28 days on the market.

10 West Lincoln properties that didn't sell stayed on the market 33.9% longer than 15 that sucessfully sold over the last 30 days - 59 days when sold vs 79 days when delisted respectively.

Average Days on the Market in West Lincoln over the past 12 months for properties that have sold was 31.3 days, with 60.0 days for those properties that did not sell.

28 new properties were listed on the market in West Lincoln in the last 30 days (March 26 - April 24). During the same time 15 properties were sold and 10 listings were removed from the market (Expired, Suspended or Terminated), which represents an increase in total inventory by 3 properties (or 10.7%).

During the previous 30 day period (February 25 - March 25) there were 10 new properties listed, 18 sold and 4 properties that did not sell and were removed from the market.

Over the past year the busiest month for new listings was September with 29 new properties listed, the slowest - December with 4 new listings and a yearly average of 18 new listings per month.

There were a total of 20 homes listed during the last 30 days (March 26 - April 24), which is 71.4% of all properties listed in West Lincoln. This is a 185.7% increase compared with a previous 30 day period (February 25 - March 25) and 25.0% up from the same period a year ago. Over the past year an average of 14 homes are were listed per month.

7 townhomes were listed over the last 30 days (March 26 - April 24) in West Lincoln, which is 25.0% of all new real estate inventory. This is a 133.3% more than during the previous 30 day period (February 25 - March 25) and 40.0% increase compared to the same period a year ago. During the last year the average number of townhomes listed stood at 3 a month.

There were a total of 9 homes sold during the last 30 days (March 26 - April 24), which is 60.0% of all properties sold in West Lincoln. This is a 35.7% decline compared with a previous 30 day period (February 25 - March 25) and 0.0% down from the same period a year ago. Over the past year an average of 10 homes are were sold per month.

5 townhomes were sold over the last 30 days (March 26 - April 24) in West Lincoln, which is 33.3% of all sold real estate. This is a 25.0% more than during the previous 30 day period (February 25 - March 25) and 400.0% increase compared to the same period a year ago. During the last year the average number of townhomes sold stood at 2 a month.