September’s real estate sales in Lincoln (95648) were a mixed bag. This year’s unit volume of 89 units was up from last September’s 73 units, but days on market have more than doubled, from 23 days last September to 52 days this September.

The average home sold in Lincoln in September brought $550,149, or 97.7% of the average list price of $563,373. The median sale price was $440,000. Last year at the same time the average sale price was $402,310, but this year’s average home was a good deal larger (2069 square feet as opposed to last year’s 1746 square feet). Adjusted for square footage, the one year appreciation was 15.4%.

With a 52-day average time on market, Lincoln was one of the first local markets we’ve seen where most homes do not sell in their first 30 days — only 48.3% sell in that time frame, and a substantial number (12.4%) are on the market longer than 120 days.

Nevertheless, inventory numbers in Lincoln are comparable to what we’ve seen in other local markets, at 4.4 months worth of inventory.

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