Is Woodford County, 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, Woodford County has remained a Seller's Market.
Housing Prices in Woodford County, KY
How much do homes in Woodford County, KY cost?
Median Sold Price
$359,000
$158/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Woodford County was $359,000 in May 2024, up 15.8% from last year, and the median price per square foot was $158.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $195K | - | N/A |
2 Bedrooms | $189K | $186.4K | -1.3% |
3 Bedrooms | $275K | $289.5K | +5.3% |
4 Bedrooms | $397K | $430K | +8.3% |
5+ Bedrooms | $550K | $589K | +7.1% |
Summary: Woodford County 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 decreased by 1.3%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes increased by 7.1%.
Median Sold Price Compared To Nearby Counties
Woodford County | $310K | $359K | +15.8% |
Scott County | $288.4K | $310.6K | +7.7% |
Anderson County | $230K | $245K | +6.5% |
Mercer County | $220K | $229.9K | +4.5% |
Franklin County | $229.9K | $235K | +2.2% |
Housing Supply in Woodford County, KY
How many homes are available in Woodford County, KY?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
72 | 89 | +23.6% |
Summary: The Woodford County real estate market had 89 homes for sale in May 2024, a 23.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 6 | 10 | +66.7% |
3 Bedrooms | 38 | 50 | +31.6% |
4 Bedrooms | 17 | 20 | +17.6% |
5+ Bedrooms | 10 | 8 | -20.0% |
Summary: The Woodford County 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 66.7%, 3 bedroom homes increased by 31.6%, 4 bedroom homes increased by 17.6%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
11 | 19 | +72.7% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 19 homes were sold or pending in Woodford County in May 2024, up by 72.7% month-over-month. Of the 19 sold homes, 68% were sold under asking, 21% were sold at asking, and 11% were sold over asking.
Days on Market for Woodford County, KY
How long does it take to sell a home in Woodford County, KY?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
38 Days | 20 Days | -47.6% |
Summary: Homes in Woodford County had an average of 20 days on market in May 2024, down by 47.6% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 19 homes were sold in Woodford County; 79% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.