West Lincoln Real Estate Statistics

West Lincoln real estate average sold price in the last 30 days (October 21 - November 19) was $718,979, which is $53,021 (7.4%) lower than the average price of $772,000 in the previous 30 day period (September 21 - October 20), and $128,521 (17.9%) down from the same period 1 year ago ($847,500). West Lincoln real estate prices over the last 30 days are also $107,559 (15.0%) lower than the average selling price of $826,538 over the past year.

West Lincoln average sold price for homes was $732,355 in the last 30 days (October 21 - November 19), which is $122,228 (16.7%) down from the average home price of $854,583 in the previous 30 day period (September 21 - October 20), and $203,478 (27.8%) lower than the same period 1 year ago ($935,833). In the last 30 days West Lincoln the average home price was $181,594 (24.8%) lower than the average selling price of $913,949 over the last 12 months.

Average sold price of West Lincoln townhouse was $652,454 in the last 30 days (October 21 - November 19), up $14,704 (2.3%) from the average townhome price of $637,750 over the previous 30 days (September 21 - October 20), and $69,954 (10.7%) higher than during to the same period 1 year ago ($582,500). Over the last 30 days the average townhouse price in West Lincoln was $67,927 (10.4%) higher compared to the average selling price of $584,527 over the last 12 months.

Average selling price for West Lincoln real estate was $718,979 in the last 30 days (October 21 - November 19), which is collectively $24,385 (2.5%) lower than the average asking price of $962,032. This represents an increase of $315 (1.3%) compared to $24,700 (2.3%) Sold-Under-Asking price from the previous 30 day period (September 21 - October 20).

The maximum Sold Over/Under Asking ratio in West Lincoln during the last 12 months was recorded in August, 2024 with an average of $10,918 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 466.7% with 70 properties sold and 24 new properties listed in the past 30 days (October 21 - November 19). This represents an increase from 70.8% recorded during the previous 30 day period (September 21 - October 20), and an increase from 47.1% 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 June at 37.5%. 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 70 properties that were successfully sold in West Lincoln in the last 30 days (October 21 - November 19) was 34 days, which is 19 days less than 53 days average in the previous 30 day period (September 21 - October 20) and 11 days longer than during the same period a year ago (23 days).

There were 54 delisted properties in West Lincoln, those that got either Expired, Suspended or Terminated over the last 30 days (October 21 - November 19) with an average of 67 days on the market. This is 26 days longer than the average of 41 days during the previous 30 day period (September 21 - October 20) and 12 days more compared to the same period last year average of 55 days on the market.

54 West Lincoln properties that didn't sell stayed on the market 97.1% longer than 70 that sucessfully sold over the last 30 days - 34 days when sold vs 67 days when delisted respectively.

Average Days on the Market in West Lincoln over the past 12 months for properties that have sold was 43.2 days, with 66.7 days for those properties that did not sell.

15 new properties were listed on the market in West Lincoln in the last 30 days (October 21 - November 19). During the same time 70 properties were sold and 54 listings were removed from the market (Expired, Suspended or Terminated), which represents a decrease in total inventory by 109 properties (or 726.7%).

During the previous 30 day period (September 21 - October 20) there were 24 new properties listed, 17 sold and 8 properties that did not sell and were removed from the market.

Over the past year the busiest month for new listings was April with 28 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 13 homes listed during the last 30 days (October 21 - November 19), which is 86.7% of all properties listed in West Lincoln. This is a 31.6% decline compared with a previous 30 day period (September 21 - October 20) and 18.8% down from the same period a year ago. Over the past year an average of 14 homes are were listed per month.

There were a total of 58 homes sold during the last 30 days (October 21 - November 19), which is 82.9% of all properties sold in West Lincoln. This is a 383.3% increase compared with a previous 30 day period (September 21 - October 20) and 866.7% up from the same period a year ago. Over the past year an average of 8 homes are were sold per month.

11 townhomes were sold over the last 30 days (October 21 - November 19) in West Lincoln, which is 15.7% of all sold real estate. This is a 175.0% more than during the previous 30 day period (September 21 - October 20) and 450.0% increase compared to the same period a year ago. During the last year the average number of townhomes sold stood at 3 a month.