Is Garrard County, 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, Garrard County has remained a Seller's Market.
Housing Prices in Garrard County, KY
How much do homes in Garrard County, KY cost?
Median Sold Price
$260,000
$116/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Garrard County was $260,000 in April 2024, up 4% from last year, and the median price per square foot was $116.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $115K | $25K | -78.3% |
2 Bedrooms | $122.5K | $122.7K | 0.2% |
3 Bedrooms | $220.5K | $225K | +2.0% |
4 Bedrooms | $367.5K | $345K | -6.1% |
5+ Bedrooms | $385K | $550K | +42.9% |
Summary: Garrard County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 78.3%, 2 bedroom homes increased by 0.2%, 3 bedroom homes increased by 2%, 4 bedroom homes decreased by 6.1%, and 5+ bedroom homes increased by 42.9%.
Median Sold Price Compared To Nearby Counties
Jessamine County | $289.6K | $323.2K | +11.6% |
Lincoln County | $180K | $195K | +8.3% |
Madison County | $259.9K | $279.9K | +7.7% |
Garrard County | $250K | $260K | +4.0% |
Boyle County | $238K | $225K | -5.5% |
Housing Supply in Garrard County, KY
How many homes are available in Garrard County, KY?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
66 | 71 | +7.6% |
Summary: The Garrard County real estate market had 71 homes for sale in April 2024, a 7.6% 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 | 9 | 6 | -33.3% |
3 Bedrooms | 36 | 39 | +8.3% |
4 Bedrooms | 15 | 19 | +26.7% |
5+ Bedrooms | 6 | 7 | +16.7% |
Summary: The Garrard County 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 decreased by 33.3%, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 26.7%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
10 | 15 | +50.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 15 homes were sold or pending in Garrard County in April 2024, up by 50.0% month-over-month. Of the 15 sold homes, 53% were sold under asking, 27% were sold at asking, and 20% were sold over asking.
Days on Market for Garrard County, KY
How long does it take to sell a home in Garrard County, KY?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
56 Days | 50 Days | -9.7% |
Summary: Homes in Garrard County had an average of 50 days on market in Apr 2024, down by 9.7% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 15 homes were sold in Garrard County; 53% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.