Is Cadiz, KY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Cadiz has remained a Seller's Market.
Key Takeaway
Cadiz is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Cadiz, KY
How much do homes in Cadiz, KY cost?
Median Sold Price
$183,500
$151/sqft
Based on all homes sold in March 2024.
Difference Since Last Month
Key Takeaway
Homes in Cadiz have sold for 54.2% less than they did a month ago.
Summary: The median home sold price in Cadiz was $183,500 in March 2024, down 54.2% from last month, and the median price per square foot was $151.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $369.1K | N/A |
| 2 Bedrooms | $349.1K | $153K | -56.2% |
| 3 Bedrooms | $352.5K | $183.5K | -47.9% |
| 4 Bedrooms | $364.7K | - | N/A |
| 5+ Bedrooms | $522K | - | N/A |
Summary: Cadiz housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 56.2%, 3 bedroom homes decreased by 47.9%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Cadiz, KY
How many homes are available in Cadiz, KY?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 69 | 73 | +5.8% |
Summary: The Cadiz real estate market had 73 homes for sale in March 2024, a 5.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 4 | +100.0% |
| 2 Bedrooms | 9 | 11 | +22.2% |
| 3 Bedrooms | 33 | 37 | +12.1% |
| 4 Bedrooms | 20 | 17 | -15.0% |
| 5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The Cadiz housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 22.2%, 3 bedroom homes increased by 12.1%, 4 bedroom homes decreased by 15%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 19 | 13 | -31.6% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Cadiz, you may be able to get a good deal. 81.8% of homes here sold below asking price last month.
Summary: A total of 13 homes were sold or pending in Cadiz in March 2024, down by 31.6% month-over-month. Of the 11 sold homes, 82% were sold under asking, 9% were sold at asking, and 9% were sold over asking.
Days on Market for Cadiz, KY
How long does it take to sell a home in Cadiz, KY?
Average Sale Time
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 56 Days | 40 Days | -28.3% |
Summary: Homes in Cadiz had an average of 40 days on market in Mar 2024, down by 28.3% compared to last month.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Cadiz are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 13 homes were sold in Cadiz; 23% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Listings displayed are the property of the Western Kentucky Regional MLS (WKMLS) and provided here for consumer's personal, non-commercial use, and may not be used for any purposes other than to identify prospective properties consumers may be interested in purchasing. Each potential buyer is responsible for conducting his or her own independent inspections,investigations, measurements, inquiries and due diligence concerning the property. Although all information contained herein is believed to be accurate, the Real Estate Broker and the Seller of the property make no warranty or guarantee, actual or implied. Copyright 2024 Western Kentucky Regional MLS, Inc.
Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.
© 2024 of the REALTRACS MLS. All rights Reserved. 
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Lexington-Bluegrass Association of Realtors Multiple Listing Service. Real estate listings held by IDX Brokerage firms other than this broker, are marked with the IDX logo or the IDX thumbnail logo and detailed information about them includes the name of the listing IDX Brokers. Information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Listing(s) 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. © 2024 LBAR Multiple Listing Service. All rights reserved.