Is Corbin, KY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Corbin has remained a Seller's Market.
Housing Prices in Corbin, KY
How much do homes in Corbin, KY cost?
Median Sold Price
$214,500
$49/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Corbin was $214,500 in April 2024, up 15.9% from last year, and the median price per square foot was $49.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $115K | $86K | -25.2% |
2 Bedrooms | $112.5K | $124K | +10.2% |
3 Bedrooms | $180K | $205K | +13.9% |
4 Bedrooms | $228.2K | $240K | +5.1% |
5+ Bedrooms | $302.5K | $324.4K | +7.3% |
Summary: Corbin housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 25.2%, 2 bedroom homes increased by 10.2%, 3 bedroom homes increased by 13.9%, 4 bedroom homes increased by 5.1%, and 5+ bedroom homes increased by 7.3%.
Median Sold Price Compared To Nearby Cities
Corbin | $185K | $215K | +16.2% |
Corbin | $185K | $214.5K | +15.9% |
Gray | $150K | $170K | +13.3% |
Housing Supply in Corbin, KY
How many homes are available in Corbin, KY?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
86 | 88 | +2.3% |
Summary: The Corbin real estate market had 88 homes for sale in April 2024, a 2.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 12 | 17 | +41.7% |
3 Bedrooms | 59 | 54 | -8.5% |
4 Bedrooms | 8 | 10 | +25.0% |
5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The Corbin housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 41.7%, 3 bedroom homes decreased by 8.5%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
17 | 18 | +5.9% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 18 homes were sold or pending in Corbin in April 2024, up by 5.9% month-over-month. Of the 18 sold homes, 78% were sold under asking, 22% were sold at asking, and 0% were sold over asking.
Days on Market for Corbin, KY
How long does it take to sell a home in Corbin, KY?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
52 Days | 65 Days | +25.4% |
Summary: Homes in Corbin had an average of 65 days on market in Apr 2024, up by 25.4% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During April 2024, 18 homes were sold in Corbin; 33% of homes were sold within 30 days, 39% of homes were sold within 30 to 90 days, and 28% of homes were sold over 90 days.