Is Lincoln Park, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Lincoln Park has remained a Seller's Market.
Housing Prices in Lincoln Park, NJ
How much do homes in Lincoln Park, NJ cost?
Median Sold Price
$440,000
-
Based on all homes sold in the last 12 months.
Difference Since May 2023
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $265K | $318.4K | +20.2% |
2 Bedrooms | $355K | $407K | +14.6% |
3 Bedrooms | $458K | $475K | +3.7% |
4 Bedrooms | $547.5K | $550K | 0.5% |
5+ Bedrooms | $605K | $605K | 0.0% |
Summary: Lincoln Park housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 20.2%, 2 bedroom homes increased by 14.6%, 3 bedroom homes increased by 3.7%, 4 bedroom homes increased by 0.5%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Fairfield Township | $652.5K | $700K | +7.3% |
Lincoln Park | $417.5K | $440K | +5.4% |
Wayne Township | $603.3K | $635K | +5.2% |
Wayne | $603.8K | $635K | +5.2% |
Housing Supply in Lincoln Park, NJ
How many homes are available in Lincoln Park, NJ?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
44 | 46 | +4.5% |
Summary: The Lincoln Park real estate market had 46 homes for sale in May 2024, a 4.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 3 | -25.0% |
2 Bedrooms | 18 | 20 | +11.1% |
3 Bedrooms | 12 | 11 | -8.3% |
4 Bedrooms | 7 | 9 | +28.6% |
5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Lincoln Park housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes increased by 11.1%, 3 bedroom homes decreased by 8.3%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
8 | 10 | +25.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in Lincoln Park in May 2024, up by 25.0% month-over-month. Of the 10 sold homes, 10% were sold under asking, 0% were sold at asking, and 90% were sold over asking.
Days on Market for Lincoln Park, NJ
We’re sorry, we don't have information for this market at the moment