Photo: Katherine Johnson from Springfield, IL · CC BY 2.0236 homes sold in Lincoln in the last year, at a typical $131K
Almost every sale is a house. Below: what each kind of home sells for, what your budget buys, the best months to buy, how hard you’ll have to bid, and a shortcut to every site where Lincoln homes are listed.
Every place Lincoln homes are listed, in one stop
We don’t copy listings: the agents’ sites have the photos and the latest price changes. Set what you want once and we open each site already filtered to Lincoln.
For sale
Rent
New, land & open houses
Links open the listing sites; TownRatings isn’t paid for them and doesn’t rank one above another. Rentals and government-owned homes come from sources outside the MLS.
Houses are 96% of Lincoln’s sales, at a typical $131K
236 homes sold in the year to May 2026.
typical sale · 226 sold in 12 months
- Per square foot
- $97IL $180
- Days to sell
- 17
- Sold over asking
- 32%
- Listings with a price cut
- 29%
Multi-family (2–4 units): 6 sold, typical $130K
Townhouses: 2 sold, typical $115K
Condos: 2 sold, typical $124K
Too few sales in 12 months for reliable figures.
About as many homes sell as usual, at 1.7 times the 2016 price
236 sales in the last year, against 290 in 2021 and a low of 178 in 2012. The typical sale went from $77K in 2016 to $131K.
Source: Redfin Data Center, MLS sales. Typical price and $/sq ft are the monthly medians, weighted by sales.
What $150K buys in Lincoln
Check a listing against what Lincoln homes sold for
Against the town’s median price per square foot over the last 12 months. A rough check: condition, lot and location within town move a price more than this can see.
Bidding wars in Lincoln are more common than before the pandemic, but three quarters fewer homes come up for sale
We read every month of Lincoln’s home sales since 2012 so you don’t have to. Each figure covers 12 months, because a single month in a town is too few sales to mean much. Latest: the year to May 2026, 236 sales.
If you’re buying in Lincoln
- Shop in March. It brings about 19 new listings a month, close to the busiest month, with fewer bidding wars (16% over asking).
- Bid near asking. Buyers paid 98.2% of the list price on average; 33% paid over.
- Move fast on good ones. 54% of homes are under contract within two weeks.
Spring brings the homes; summer brings the bidding wars
May has the most new listings (about 23 a month), but June is the most competitive: 27% of June sales close over asking. March and April offer nearly as much choice with fewer homes bid up (16%). March has the least competition (16%).
Averages for each calendar month, 2015 on.
Nearly as heated as 2021, and about like Illinois as a whole
| Lincoln now | 2017–19 | 2021 peak | IL now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 33% | 13% | 26% | 37% |
| Gone within two weeksShare of homes under contract within 14 days | 54% | 2% | 2% | 46% |
| Listings with a price cutShare of homes for sale that cut their price | 28% | — | — | 19% |
| Price paid vs. askingAverage sale price ÷ list price | 98.2% | 94.8% | 96.7% | 99.2% |
| Days to sellMedian days from listing to contract | 17 | 142 | 107 | 49 |
31 homes for sale on a typical day
That’s 1.3 times the 2024 low (24), 75% fewer than in 2017–19 and well under 2014’s 173.
1 in 4 listings has cut its price
28% in the last year, against — in 2017–19 and 19% across Illinois.
Lincoln ranks 224th of 324 busy Illinois markets for bidding wars
Share of sales over asking in the last year, among towns with 60 or more sales. Lincoln is in the middle of the pack.
Source: Redfin Data Center, city market tracker, January 2012 to May 2026 (MLS sales, not seasonally adjusted). Ratios are weighted by homes sold; price cuts by homes for sale.
Owning the typical Lincoln home costs about $877 a month
Price: Lincoln’s typical sale, last 12 months. Property tax at Lincoln’s 1.8% (median bill ÷ median value, Census ACS); insurance at 0.35% of price a year. Before PMI, HOA dues, upkeep and the tax deduction. Whether Lincoln is affordable on local pay is on Cost of living.
Six things worth knowing
New listings in May
The month with the most choice. December has the fewest, about 13.
Best time to buyProperty tax, a year
Of a home’s value: the median bill over the median home value. On a $131K home, about $2,330 a year.
Taxes vs. neighborsSchools
The schools grade for Lincoln, from test results, graduation and how much students grow.
Schools in LincolnCheck the flood map
Flood insurance isn’t in a standard policy, and lenders require it in FEMA flood zones. Check the address before you make an offer.
Natural hazardsLook up any property
Assessed value, lot size and every past sale of a home you’re eyeing are public, at the town or county assessor and the registry of deeds.
Atlanta, Mount Pulaski and Delavan sell for less a square foot; Sherman for far more
The busier markets within 25 miles of Lincoln, by what sold. Prices, taxes and how far a paycheck goes next door are on Cost of living.
| Sold | Typical sale | $/sq ft | Over asking | Days to sell | |
|---|---|---|---|---|---|
| Lincoln | 236 | $131K | $96 | 33% | 17 |
| Sherman | 69 | $346K | $144 | 35% | 22 |
| Riverton | 36 | $179K | $102 | 42% | 21 |
| Delavan | 31 | $154K | $76 | 29% | 39 |
| Mount Pulaski | 24 | $127K | $81 | 21% | 32 |
| Athens | 24 | $162K | $109 | 37% | 35 |
| Atlanta | 21 | $141K | $88 | 19% | 22 |
Redfin Data Center, June 2025 to May 2026. Towns with fewer than 20 sales are left out, and Redfin doesn’t report every town separately.
Post your home to Lincoln, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Lincoln. People who follow the town see it, and so do people comparing Lincoln with their own town. No commission, no listing fee.
Questions about buying a home in Lincoln
What do homes sell for in Lincoln, IL?
236 homes sold in the year to May 2026 at a typical $131K, $96 a square foot.
Is Lincoln a buyer’s or seller’s market?
A seller’s market: 16 homes were for sale in May 2026 and 18 sold, about 0.9 months of supply. Buyers paid 98.2% of asking on average, and 28% of listings cut their price.
When is the best time to buy in Lincoln?
May brings the most new listings. The sales history shows which months have fewer bidding wars.
How much are property taxes in Lincoln?
About 1.8% of a home’s value a year. On a $131K home that’s near $2,330.
Where can I see homes for sale in Lincoln?
Zillow, Redfin, Realtor.com and Homes.com all carry Lincoln’s MLS listings; the search links above open each one filtered to Lincoln.
Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted). Property tax rate: Census American Community Survey. Two-bedroom rent: HUD Fair Market Rent. Typical home value: Zillow Home Value Index. Schools grade: TownRatings (how grades work).