West Lincoln Real Estate Statistics

West Lincoln real estate average sold price in the last 30 days (January 21 - February 19) was $766,653, which is $10,403 (1.4%) higher than the average price of $756,250 in the previous 30 day period (December 22 - January 20), and $34,347 (4.5%) down from the same period 1 year ago ($801,000). West Lincoln real estate prices over the last 30 days are also $24,986 (3.3%) lower than the average selling price of $791,640 over the past year.

West Lincoln average sold price for homes was $870,650 in the last 30 days (January 21 - February 19), which is $63,984 (7.3%) up from the average home price of $806,666 in the previous 30 day period (December 22 - January 20), and $39,936 (4.6%) higher than the same period 1 year ago ($830,714). In the last 30 days West Lincoln the average home price was $3,517 (0.4%) lower than the average selling price of $874,167 over the last 12 months.

Average sold price of West Lincoln townhouse was $420,000 in the last 30 days (January 21 - February 19), down $185,000 (44.0%) from the average townhome price of $605,000 over the previous 30 days (December 22 - January 20), and $173,000 (41.2%) lower than during to the same period 1 year ago ($593,000). Over the last 30 days the average townhouse price in West Lincoln was $191,178 (45.5%) lower compared to the average selling price of $611,178 over the last 12 months.

Average selling price for West Lincoln real estate was $766,653 in the last 30 days (January 21 - February 19), which is collectively $42,807 (3.9%) lower than the average asking price of $1,110,422. This represents a decline of $76,582 (226.7%) compared to $33,775 (3.6%) Sold-Over-Asking price from the previous 30 day period (December 22 - January 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 April, 2024 with $61,480 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 76.5% with 13 properties sold and 8 new properties listed in the past 30 days (January 21 - February 19). This represents an increase from 50.0% recorded during the previous 30 day period (December 22 - January 20), and an increase from 42.1% compared to the same period one year ago.

Over the the last year the highest SNLR in West Lincoln was 610.0% recorded in November 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 13 properties that were successfully sold in West Lincoln in the last 30 days (January 21 - February 19) was 77 days, which is 10 days less than 87 days average in the previous 30 day period (December 22 - January 20) and 51 days longer than during the same period a year ago (26 days).

There were 7 delisted properties in West Lincoln, those that got either Expired, Suspended or Terminated over the last 30 days (January 21 - February 19) with an average of 73 days on the market. This is 25 days shorter than the average of 98 days during the previous 30 day period (December 22 - January 20) and 1 days less compared to the same period last year average of 74 days on the market.

7 West Lincoln properties that didn't sell stayed on the market 5.2% longer than 13 that sucessfully sold over the last 30 days - 77 days when sold vs 73 days when delisted respectively.

Average Days on the Market in West Lincoln over the past 12 months for properties that have sold was 47.2 days, with 65.3 days for those properties that did not sell.

17 new properties were listed on the market in West Lincoln in the last 30 days (January 21 - February 19). During the same time 13 properties were sold and 7 listings were removed from the market (Expired, Suspended or Terminated), which represents a decrease in total inventory by 3 properties (or 17.6%).

During the previous 30 day period (December 22 - January 20) there were 8 new properties listed, 4 sold and 9 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 6 new listings and a yearly average of 19 new listings per month.

There were a total of 11 homes listed during the last 30 days (January 21 - February 19), which is 64.7% of all properties listed in West Lincoln. This is a 57.1% increase compared with a previous 30 day period (December 22 - January 20) and 0.0% down from the same period a year ago. Over the past year an average of 14 homes are were listed per month.

6 townhomes were listed over the last 30 days (January 21 - February 19) in West Lincoln, which is 35.3% of all new real estate inventory. This is a 500.0% more than during the previous 30 day period (December 22 - January 20) and 25.0% decrease compared to the same period a year ago. During the last year the average number of townhomes listed stood at 4 a month.

There were a total of 10 homes sold during the last 30 days (January 21 - February 19), which is 76.9% of all properties sold in West Lincoln. This is a 233.3% increase compared with a previous 30 day period (December 22 - January 20) and 42.9% up from the same period a year ago. Over the past year an average of 15 homes are were sold per month.

3 townhomes were sold over the last 30 days (January 21 - February 19) in West Lincoln, which is 23.1% of all sold real estate. This is a 200.0% more than during the previous 30 day period (December 22 - January 20) and 200.0% increase compared to the same period a year ago. During the last year the average number of townhomes sold stood at 4 a month.