Is Burnside, KY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Burnside was a Buyer's Market.
Housing Prices in Burnside, KY
How much do homes in Burnside, KY cost?
Median Sold Price
$155,000
-
Based on all homes sold in the last 12 months.
Difference Since April 2023
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $75K | N/A |
2 Bedrooms | $169K | $90K | -46.7% |
3 Bedrooms | $218.5K | $182.5K | -16.5% |
4 Bedrooms | $220K | $210K | -4.5% |
5+ Bedrooms | $390K | $239.9K | -38.5% |
Summary: Burnside housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 46.7%, 3 bedroom homes decreased by 16.5%, 4 bedroom homes decreased by 4.5%, and 5+ bedroom homes decreased by 38.5%.
Housing Supply in Burnside, KY
How many homes are available in Burnside, KY?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
32 | 39 | +21.9% |
Summary: The Burnside real estate market had 39 homes for sale in April 2024, a 21.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 14 | 14 | 0.0% |
3 Bedrooms | 11 | 16 | +45.5% |
4 Bedrooms | 3 | 5 | +66.7% |
5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Burnside 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 remained the same, 3 bedroom homes increased by 45.5%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
2 | 7 | +250.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Burnside in April 2024, up by 250.0% month-over-month. Of the 7 sold homes, 86% were sold under asking, 14% were sold at asking, and 0% were sold over asking.
Days on Market for Burnside, KY
How long does it take to sell a home in Burnside, KY?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
5 Days | 148 Days | +2874.3% |
Summary: Homes in Burnside had an average of 148 days on market in Apr 2024, up by 2874.3% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 7 homes were sold in Burnside; 0% of homes were sold within 30 days, 57% of homes were sold within 30 to 90 days, and 43% of homes were sold over 90 days.