Is Jeffersontown, KY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Jeffersontown has remained a Seller's Market.
Key Takeaway
Jeffersontown is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Jeffersontown, KY
How much do homes in Jeffersontown, KY cost?
Median Sold Price
$272,750
$189/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Jeffersontown have sold for 2.9% more than they did a year ago.
Summary: The median home sold price in Jeffersontown was $272,750 in May 2024, up 2.9% from last year, and the median price per square foot was $189.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $193.5K | $210K | +8.5% |
| 3 Bedrooms | $262.7K | $268.8K | +2.3% |
| 4 Bedrooms | $304K | $319K | +4.9% |
| 5+ Bedrooms | $360K | $485K | +34.7% |
Summary: Jeffersontown housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 8.5%, 3 bedroom homes increased by 2.3%, 4 bedroom homes increased by 4.9%, and 5+ bedroom homes increased by 34.7%.
Median Sold Price Compared To Nearby Cities
| Hurstbourne | $421.5K | $506.5K | +20.2% |
| Southeast Jefferson | $269.9K | $279.9K | +3.7% |
| Jeffersontown | $265K | $272.7K | +2.9% |
Housing Supply in Jeffersontown, KY
How many homes are available in Jeffersontown, KY?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 83 | 88 | +6.0% |
Summary: The Jeffersontown real estate market had 88 homes for sale in May 2024, a 6.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 18 | 20 | +11.1% |
| 3 Bedrooms | 41 | 45 | +9.8% |
| 4 Bedrooms | 23 | 22 | -4.3% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Jeffersontown housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 11.1%, 3 bedroom homes increased by 9.8%, 4 bedroom homes decreased by 4.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 27 | 32 | +18.5% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Jeffersontown, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 32 homes were sold or pending in Jeffersontown in May 2024, up by 18.5% month-over-month. Of the 32 sold homes, 28% were sold under asking, 22% were sold at asking, and 50% were sold over asking.
Days on Market for Jeffersontown, KY
How long does it take to sell a home in Jeffersontown, KY?
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Most homes in Jeffersontown are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During May 2024, 32 homes were sold in Jeffersontown; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of Metro Search Multiple Listing Service. Real estate listings held by other Brokerage firms are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about them includes the name of the listing IDX Brokers. The Broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright © 2024 Greater Louisville Association of Realtors. All Rights Reserved.