Lincoln Real Estate Market Update: December 2024
As we approach the close of 2024, Lincoln’s real estate market is demonstrating both stability and growth, offering promising opportunities for buyers, sellers, and investors alike. Here’s a closer look at the latest trends and what they mean for you.
Lincoln’s Market at a Glance
Lincoln’s housing market remains robust and competitive. The median home value is now $277,259, reflecting a 1.5% increase over the past year (Zillow). This steady growth highlights the city's resilience and continued appeal as a great place to live, work, and invest.
Homes are moving quickly, with properties spending a median of just 11 days on the market, emphasizing strong buyer demand. For those considering selling, this means your property is likely to attract attention and offers swiftly if priced and marketed effectively.
Key Statistics from October 2024
In October, the median sale price held steady at $285,000, mirroring last year’s figure. However, the median price per square foot increased by 2.6% to $156 (Redfin). This uptick suggests that while overall sale prices have stabilized, buyers are willing to pay more for well-maintained and strategically located homes—a positive sign for homeowners and investors.
Neighborhood Highlights
Lincoln’s diverse neighborhoods are a major draw, with varying median list prices reflecting unique opportunities across the city (Realtor):
Downtown Lincoln: $314,900
Highlands: $300,000
Meadowlane: $270,000
Whether you’re looking for the vibrancy of downtown living, the family-friendly charm of Highlands, or the affordability of Meadowlane, understanding these localized trends is crucial for making informed real estate decisions.
What This Means for Buyers and Sellers
For buyers, the market's stability and swift-moving inventory mean it’s essential to act decisively when you find the right home. Working with an experienced local agent ensures you stay competitive while navigating Lincoln’s dynamic market.
For sellers, now is a fantastic time to list your property. High demand and quick turnaround times, combined with a knowledgeable pricing strategy, can result in a smooth and rewarding selling experience.
Looking Ahead
Lincoln’s real estate market continues to offer opportunities for growth, stability, and community. Whether you’re ready to make a move, sell your home, or explore investment options, having a trusted advisor by your side can make all the difference.
If you’re thinking about buying or selling in Lincoln, let’s connect! I’d love to help you navigate the market and find your perfect fit.