Lincoln Park, MI Home Values & Market Trends
Real estate market trends reflect that there have been 622 transactions over the past year in Lincoln Park. The median value for residential home transactions that occurred over the previous year is $134,011.65. The number of current listings in Lincoln Park is 50, and the percentage of properties for sale in the city is 50.00%. Lincoln Park, MI currently has 17 properties in foreclosure, 6 bank owned properties, 11 properties headed for auction, and 50 properties for sale.
Lincoln Park, MI Real Estate Market Overview
| Zip | Median Est. Value |
|---|---|
| 48146 | $ 135,881 $ 126/sqft |
Housing Market Summary for Lincoln Park, MI
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $139.9K | $132.9K | -5.02% |
| Median Sold Price | $134.8K | $132.9K | -1.41% |
| Homes For Sale | 53 | 43 | -18.87% |
| Homes Sold | 456 | 383 | -16.01% |
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 Park, MI
Browse Homes in Lincoln Park, MI
Lincoln Park home values range from $21,442 to $1,341,191. The median estimated value of a home in Lincoln Park is $134,011.65. The median list price of a home is 145,450, and the total count of properties in the city is 14,212.
- Pre-ForeclosurePre-foreclosure homes account for 0% of all residential properties in Lincoln Park, MI with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Lincoln Park, MI; of that zips, the estimated home value for pre-foreclosure homes ranges from $0 in N/A to the lowest home value of $0 in $[pre-foreclosures-lowest-avm-region].
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Lincoln Park, MI ranges from the highest value of $174,776 in 48146 to the lowest value of $98,858 in 48146. Bank owned homes and properties account for 0.04% of properties in Lincoln Park, MI. There is 1 zips within Lincoln Park, MI; 48146 containing 6 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions48146 has 11 auction properties, the highest number of properties going to auction in a single zip in the state of Lincoln Park, MI. Auction homes and other auction properties account for 0.08% of all properties in Lincoln Park, MI. There is 1 zips within Lincoln Park, MI; of that zips, the median estimated home value for homes going to auction ranges from $322,087 in 48146 to the lowest value of $92,338 in 48146.
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Guide for Lincoln Park, MI
Explore the nuances of Michigan’s 2023 real estate market, where rising property values meet shifting sold prices and distressed properties offer investment opportunities amidst a stable yet competitive landscape.
The 2023 Detroit real estate market trend showed steady average listing values and an increase in property sales, with neighboring cities displaying more fluctuation but higher property values. This reflects the city’s resilience amidst an unpredictable industry landscape.
Why Buying a Foreclosure is a Smart Move
When house prices increase near good school, what options do home buyer have?
