Is Lincoln, MI 48742 a buyer’s or seller’s market?
Lincoln is a buyer’s market. With about 6.4 months of supply, buyers usually have more time and more room to negotiate on price and terms.
The Lincoln housing market right now
In the three months ending August 31, 2026, 10% of homes in Lincoln, MI 48742 sold above their list price, the typical home went under contract in 21 days and there were 6.4 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. That’s based on 10 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 0%, homes sold faster (65 days then) and the median sale price rose 19% to $176,923. Overall, Lincoln is more competitive than a year ago, so tougher for buyers.
Within Alcona County, homes here sell faster than in any other ZIP code in the county, and sell more often over asking than in 78%.
Nearby, buyers who want less competition could look at Hubbard Lake 49747 (0% sold over asking) or Mikado 48745 (0% sold over asking), while Barton City 48705 (33% sold over asking) and Spruce 48762 (14% sold over asking) are even more competitive.
Run the numbers for 48742
Nearby markets
Barton City 48705Balanced $153 /sq ftBlack River 48721Seller’s market $152 /sq ftCurran 48728Buyer’s market $173 /sq ftGlennie 48737Buyer’s market $96 /sq ft Browse all markets →Towns like Lincoln nearby
Find towns like Lincoln in other states →Where Lincoln is
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Questions about Lincoln real estate
Is Lincoln a buyer’s or seller’s market?
A buyer’s market: there were 6.4 months of supply in Lincoln, MI 48742 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Lincoln?
The typical home went under contract in 21 days in the latest three months.
Do homes in Lincoln sell over asking?
10% of homes sold above their original list price, and the typical sale closed at 97.8% of the list price.
What are property taxes in Lincoln?
About 0.82% of a home’s value a year in Alcona County, or roughly $3,280 on a $400,000 home.
What is the median home price in Lincoln?
The median sale price was $176,923 in the three months ending August 31, 2026, about $126 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology