Lincoln School District Real Estate Market Update | November 2021

Every month Todd Waller dives deep into the previous month’s Ypsilanti Township, Michigan real estate market stats and delivers exciting insights into the status of the Lincoln School district’s real estate market. Subscribe to the Studio Four8 YouTube channel and never miss an update again!

Lincoln School District Real Estate Market

In November 2021 the Lincoln school district’s real estate market continues to be a strong sellers market, with low inventory levels, strong price appreciation, and many over list price sales occurring. These November 2021 stats are compared to the previous year’s November 2020 statistics, which means for the year over year comparisons, numbers of transactions, and days on market can be skewed because there was a hot moment where real estate was effectively brought to a standstill. (Thanks, Covid-19.)

Average Sales Price

The average sales price for a single family property (house or condo) sold in the Lincoln School district in the month of November 2021, was $308,806. Compared to November of 2020, this is up 21.20%. The median sales price also saw a pretty significant jump in November. Median sales price rose 23.20% to $308,000, when comparing November 2020 to November 2021.

Days on Market

Properties sold in November of 2021 were on market for an average of 17 days. This is down over 72.73% from November 2020. This means that homes are sitting on the market for just barely over two weeks before being snatched up.

Properties Sold At or Above List Price

November of 2021 saw a 83.33% increase in the number of properties sold, compared to November of 2020, with a total of 44 properties receiving new owners.

A newly tracked statistic for the Studio is the percentage of properties each month that sell at or above list price. This metric is another way to gauge the supply/demand inequity in the Lincoln School district’s market. In November of 2021, 72.73% of the properties sold at or above list price. Out of the 44 properties sold, 32 were sold at or over list price.

When over 72% of all home sales are at or above list price, you can be sure that there is fierce competition among buyers for the limited stock of inventory that is coming to market.

What to do With This Information?

If you own a place in the Lincoln School district, or are thinking of purchasing in the Lincoln school district, Studio Four8 is here to help you navigate the current market, regardless of the conditions. The current market conditions favor sellers. This is evident by the short days on market, and the percentage of properties selling at and above list price. So, for sellers, this is a great time to be selling. Reach out to a Studio Four8 agent and learn how we maximize the market conditions for your specific home selling scenario.

For purchasers, this is a challenging market, to be sure. Chat with an agent at the Studio and learn how your offer will be considered by a seller, and how we can shorten your time looking for a property.

Lincoln Schools District Real Estate Market Stats Snapshot Shareable Graphic

Lincoln School District Real Estate Market Update | October 2021

Every month Todd Waller dives deep into the previous month’s Ypsilanti Township, Michigan real estate market stats and delivers exciting insights into the status of the Lincoln School district’s real estate market. Subscribe to the Studio Four8 YouTube channel and never miss an update again!

Lincoln School District Real Estate Market

In October 2021 the Lincoln school district’s real estate market continues to be a strong sellers market, with low inventory levels, strong price appreciation, and many over list price sales occurring. These October 2021 stats are compared to the previous year’s October 2020 statistics, which means for the year over year comparisons, numbers of transactions, and days on market can be skewed because there was a hot moment where real estate was effectively brought to a standstill. (Thanks, Covid-19.)

Average Sales Price

The average sales price for a single family property (house or condo) sold in the Lincoln School district in the month of October 2021, was $305,950. Compared to October of 2020, this is up 22.08%. The median sales price also saw a pretty significant jump in October. Median sales price rose 28.06% to $315,500, when comparing October 2020 to October 2021.

Days on Market

Properties sold in October of 2021 were on market for an average of 13 days. This is down over 70.62% from October 2020. This means that homes are sitting on the market for just barely under two weeks before being snatched up.

Properties Sold At or Above List Price

October of 2021 saw a 21.43% decrease in the number of properties sold, compared to October of 2020, with a total of 33 properties receiving new owners.

A newly tracked statistic for the Studio is the percentage of properties each month that sell at or above list price. This metric is another way to gauge the supply/demand inequity in the Lincoln School district’s market. In October of 2021, 75.76% of the properties sold at or above list price. Out of the 33 properties sold, 25 were sold at or over list price.

When over 75% of all home sales are at or above list price, you can be sure that there is fierce competition among buyers for the limited stock of inventory that is coming to market.

What to do With This Information?

If you own a place in the Lincoln School district, or are thinking of purchasing in the Lincoln school district, Studio Four8 is here to help you navigate the current market, regardless of the conditions. The current market conditions favor sellers. This is evident by the short days on market, and the percentage of properties selling at and above list price. So, for sellers, this is a great time to be selling. Reach out to a Studio Four8 agent and learn how we maximize the market conditions for your specific home selling scenario.

For purchasers, this is a challenging market, to be sure. Chat with an agent at the Studio and learn how your offer will be considered by a seller, and how we can shorten your time looking for a property.

Lincoln Schools District Real Estate Market Stats Snapshot Shareable Graphic

Lincoln School District Real Estate Market Update | September 2021

Every month Todd Waller dives deep into the previous month’s Ypsilanti Township, Michigan real estate market stats and delivers exciting insights into the status of the Lincoln School district’s real estate market. Subscribe to the Studio Four8 YouTube channel and never miss an update again!

Lincoln School District Real Estate Market

In September 2021 the Lincoln school district’s real estate market continues to be a strong sellers market, with low inventory levels, strong price appreciation, and many over list price sales occurring. These September 2021 stats are compared to the previous year’s September 2020 statistics, which means for the year over year comparisons, numbers of transactions, and days on market can be skewed because there was a hot moment where real estate was effectively brought to a standstill. (Thanks, Covid-19.)

Average Sales Price

The average sales price for a single family property (house or condo) sold in the Lincoln School district in the month of September 2021, was $295,529. Compared to September of 2020, this is up 14.48%. The median sales price also saw a pretty significant jump in September. Median sales price rose 12.35% to $282,000, when comparing September 2020 to September 2021.

Days on Market

Properties sold in September of 2021 were on market for an average of 18 days. This is down over 46.32% from September 2020. This means that homes are sitting on the market for just barely over two weeks before being snatched up.

Properties Sold At or Above List Price

September of 2021 saw a 36.62% decrease in the number of properties sold, compared to September of 2020, with a total of 45 properties receiving new owners.

A newly tracked statistic for the Studio is the percentage of properties each month that sell at or above list price. This metric is another way to gauge the supply/demand inequity in the Lincoln School district’s market. In September of 2021, 73.33% of the properties sold at or above list price. Out of the 45 properties sold, 33 were sold at or over list price.

When over 70% of all home sales are at or above list price, you can be sure that there is fierce competition among buyers for the limited stock of inventory that is coming to market.

What to do With This Information?

If you own a place in the Lincoln School district, or are thinking of purchasing in the Lincoln school district, Studio Four8 is here to help you navigate the current market, regardless of the conditions. The current market conditions favor sellers. This is evident by the short days on market, and the percentage of properties selling at and above list price. So, for sellers, this is a great time to be selling. Reach out to a Studio Four8 agent and learn how we maximize the market conditions for your specific home selling scenario.

For purchasers, this is a challenging market, to be sure. Chat with an agent at the Studio and learn how your offer will be considered by a seller, and how we can shorten your time looking for a property.

Lincoln Schools District Real Estate Market Stats Snapshot Shareable Graphic

Lincoln School District Real Estate Market Update | August 2021

Every month Todd Waller dives deep into the previous month’s Ypsilanti Township, Michigan real estate market stats and delivers exciting insights into the status of the Lincoln School district’s real estate market. Subscribe to the Studio Four8 YouTube channel and never miss an update again!

Lincoln School District Real Estate Market

In August 2021 the Lincoln school district’s real estate market continues to be a strong sellers market, with low inventory levels, strong price appreciation, and many over list price sales occurring. These August 2021 stats are compared to the previous year’s August 2020 statistics, which means for the year over year comparisons, numbers of transactions, and days on market can be skewed because there was a hot moment where real estate was effectively brought to a standstill. (Thanks, Covid-19.)

Average Sales Price

The average sales price for a single family property (house or condo) sold in the Lincoln School district in the month of August 2021, was $299,639. Compared to August of 2020, this is up 23.57%. The median sales price also saw a pretty significant jump in August. Median sales price rose 20.93% to $299,900, when comparing August 2020 to August 2021.

Days on Market

Properties sold in August of 2021 were on market for an average of 10 days. This is down over 55.41% from August 2020. This means that homes are sitting on the market for just barely over a week before being snatched up.

Properties Sold At or Above List Price

August of 2021 saw a 30.51% decrease in the number of properties sold, compared to August of 2020, with a total of 41 properties receiving new owners.

A newly tracked statistic for the Studio is the percentage of properties each month that sell at or above list price. This metric is another way to gauge the supply/demand inequity in the Lincoln School district’s market. In August of 2021, 82.93% of the properties sold at or above list price. Out of the 41 properties sold, 34 were sold at or over list price.

When over 80% of all home sales are at or above list price, you can be sure that there is fierce competition among buyers for the limited stock of inventory that is coming to market.

What to do With This Information?

If you own a place in the Lincoln School district, or are thinking of purchasing in the Lincoln school district, Studio Four8 is here to help you navigate the current market, regardless of the conditions. The current market conditions favor sellers. This is evident by the short days on market, and the percentage of properties selling at and above list price. So, for sellers, this is a great time to be selling. Reach out to a Studio Four8 agent and learn how we maximize the market conditions for your specific home selling scenario.

For purchasers, this is a challenging market, to be sure. Chat with an agent at the Studio and learn how your offer will be considered by a seller, and how we can shorten your time looking for a property.

Lincoln Schools District Real Estate Market Stats Snapshot Shareable Graphic

Lincoln School District Real Estate Market Update | July 2021

Every month Todd Waller dives deep into the previous month’s Ypsilanti Township, Michigan real estate market stats and delivers exciting insights into the status of the Lincoln School district’s real estate market. Subscribe to the Studio Four8 YouTube channel and never miss an update again!

Lincoln School District Real Estate Market

In July 2021 the Lincoln school district’s real estate market continues to be a strong sellers market, with low inventory levels, strong price appreciation, and many over list price sales occurring. These July 2021 stats are compared to the previous year’s July 2020 statistics, which means for the year over year comparisons, numbers of transactions, and days on market can be skewed because there was a hot moment where real estate was effectively brought to a standstill. (Thanks, Covid-19.)

Average Sales Price

The average sales price for a single family property (house or condo) sold in the Lincoln School district in the month of July 2021, was $307,211. Compared to July of 2020, this is up 22.86%. The median sales price also saw a pretty significant jump in July. Median sales price rose 19.76% to $303,000, when comparing July 2020 to July 2021. These are possibly the highest averages in this area’s history.

Days on Market

Properties sold in July of 2021 were on market for an average of 10 days. This is down over 41.34% from July 2020. This means that homes are sitting on the market for just barely over a week before being snatched up.

Properties Sold At or Above List Price

July of 2021 saw a 12.73% decrease in the number of properties sold, compared to July of 2020, with a total of 48 properties receiving new owners.

A newly tracked statistic for the Studio is the percentage of properties each month that sell at or above list price. This metric is another way to gauge the supply/demand inequity in the Lincoln School district’s market. In July of 2021, 87.5% of the properties sold at or above list price.

When over 80% of all home sales are at or above list price, you can be sure that there is fierce competition among buyers for the limited stock of inventory that is coming to market.

What to do With This Information?

If you own a place in the Lincoln School district, or are thinking of purchasing in the Lincoln school district, Studio Four8 is here to help you navigate the current market, regardless of the conditions. The current market conditions favor sellers. This is evident by the short days on market, and the percentage of properties selling at and above list price. So, for sellers, this is a great time to be selling. Reach out to a Studio Four8 agent and learn how we maximize the market conditions for your specific home selling scenario.

For purchasers, this is a challenging market, to be sure. Chat with an agent at the Studio and learn how your offer will be considered by a seller, and how we can shorten your time looking for a property.

Lincoln Schools District Real Estate Market Stats Snapshot Shareable Graphic

Lincoln School District Real Estate Market Update | June 2021

Every month Todd Waller dives deep into the previous month’s Ypsilanti Township, Michigan real estate market stats and delivers exciting insights into the status of the Lincoln School district’s real estate market. Subscribe to the Studio Four8 YouTube channel and never miss an update again!

Lincoln School District Real Estate Market

The 2021 the Lincoln school district’s real estate market continues to be a strong sellers market, with low inventory levels, strong price appreciation, and many over list price sales occurring. These June 2021 stats are compared to the previous year’s June 2020 statistics, which means for the year over year comparisons, numbers of transactions, and days on market can be skewed because there was a hot moment where real estate was effectively brought to a standstill. (Thanks, Covid-19.)

Average Sales Price

The average sales price for a single family property (house or condo) sold in the Lincoln School district in the month of June 2021, was $302,334. Compared to June of 2020, this is up 15.25%. The median sales price also saw a pretty significant jump in June. Median sales price rose 11.96% to $287,450, when comparing June 2020 to June 2021.

Days on Market

Properties sold in June of 2021 were on market for an average of 7 days. This is down over 79% from June 2020.

Single digit days on market, dear reader, means that there is precious little in the way of inventory for buyers to consider. Of course, how many homes sold at or above list price is also an indicator…

Properties Sold At or Above List Price

June of 2021 saw a 10.53% increase in the number of properties sold, compared to June of 2020, with a total of 42 properties receiving new owners.

A newly tracked statistic for the Studio is the percentage of properties each month that sell at or above list price. This metric is another way to gauge the supply/demand inequity in the Lincoln School district’s market. In June of 2021, 90.48% of the properties sold at or above list price.

When over 90% of all home sales are at or above list price, you can be sure that there is fierce competition among buyers for the limited stock of inventory that is coming to market. This is the highest percentage among the Washtenaw county municipalities that we track.

What to do With This Information?

If you own a place in the Lincoln School district, or are thinking of purchasing in the Lincoln school district, Studio Four8 is here to help you navigate the current market, regardless of the conditions. The current market conditions favor sellers. This is evident by the short days on market, and the percentage of properties selling at and above list price. So, for sellers, this is a great time to be selling. Reach out to a Studio Four8 agent and learn how we maximize the market conditions for your specific home selling scenario.

For purchasers, this is a challenging market, to be sure. Chat with an agent at the Studio and learn how your offer will be considered by a seller, and how we can shorten your time looking for a property.

lincoln real estate market
Lincoln Schools District Real Estate Market Stats Snapshot Shareable Graphic