Lincoln, IL Home Values & Market Trends
Real estate market trends reflect that there have been 332 transactions over the past year in Lincoln. The median value for residential home transactions that occurred over the previous year is $140,000. The number of current listings in Lincoln is 270, and the percentage of properties for sale in the city is 270.00%. Lincoln, IL currently has 13 properties in foreclosure, 4 bank owned properties, 6 properties headed for auction, and 270 properties for sale.
Lincoln, IL Real Estate Market Overview
| Zip | Median Est. Value |
|---|---|
| 62656 | $ 140,000 $ 122/sqft |
Housing Market Summary for Lincoln, IL
| Sep 2025 | September 2026 | Change | |
|---|---|---|---|
| Median Listing Price | $155K | $129.9K | -16.16% |
| Median Sold Price | $127.3K | $154.5K | 21.31% |
| Homes For Sale | 140 | 264 | 88.57% |
| Homes Sold | 133 | 65 | -51.13% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Lincoln, IL
Browse Homes in Lincoln, IL
Lincoln home values range from $20,119 to $617,828. The median estimated value of a home in Lincoln is $140,000. The median list price of a home is 119,900, and the total count of properties in the city is 369.
- Pre-ForeclosurePre-foreclosure homes account for 0.81% of all residential properties in Lincoln, IL with 62656 containing 3 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Lincoln, IL; of that zips, the estimated home value for pre-foreclosure homes ranges from $183,890 in 62656 to the lowest home value of $65,000 in 62656.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Lincoln, IL ranges from the highest value of $113,010 in 62656 to the lowest value of $51,325 in 62656. Bank owned homes and properties account for 1.08% of properties in Lincoln, IL. There is 1 zips within Lincoln, IL; 62656 containing 4 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions62656 has 6 auction properties, the highest number of properties going to auction in a single zip in the state of Lincoln, IL. Auction homes and other auction properties account for 1.63% of all properties in Lincoln, IL. There is 1 zips within Lincoln, IL; of that zips, the median estimated home value for homes going to auction ranges from $172,063 in 62656 to the lowest value of $80,373 in 62656.
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Guide for Lincoln, IL
Foreclosure is a term that can sometimes lead to confusion for those looking to make a real estate investment. In simple terms, it refers to the process where a lender takes possession of a property after the owner fails to keep up with their mortgage payments. When it comes to land, this means that buyers […]
Descubre todo lo que necesitas saber sobre cómo comprar una casa en ejecución hipotecaria.
Learn how to buy a foreclosed home in Chicago, Illinois.
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