Is Central Jefferson, KY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Central Jefferson has remained a Seller's Market.
Key Takeaway
Central Jefferson is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Central Jefferson, KY
How much do homes in Central Jefferson, KY cost?
Median Sold Price
$220,000
$173/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Central Jefferson have sold for 7.1% more than they did a year ago.
Summary: The median home sold price in Central Jefferson was $220,000 in March 2024, up 7.1% from last year, and the median price per square foot was $173.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $65K | $58K | -10.8% |
| 2 Bedrooms | $168K | $179.9K | +7.1% |
| 3 Bedrooms | $214.7K | $225K | +4.8% |
| 4 Bedrooms | $245K | $269.2K | +9.9% |
| 5+ Bedrooms | $319.5K | $280K | -12.4% |
Summary: Central Jefferson housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10.8%, 2 bedroom homes increased by 7.1%, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 9.9%, and 5+ bedroom homes decreased by 12.4%.
Median Sold Price Compared To Nearby Cities
| Central Jefferson | $205.3K | $220K | +7.1% |
| Louisville | $238.8K | $245.1K | +2.6% |
Housing Supply in Central Jefferson, KY
How many homes are available in Central Jefferson, KY?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 230 | 235 | +2.2% |
Summary: The Central Jefferson real estate market had 235 homes for sale in March 2024, a 2.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 9 | 9 | 0.0% |
| 2 Bedrooms | 47 | 54 | +14.9% |
| 3 Bedrooms | 135 | 139 | +3.0% |
| 4 Bedrooms | 35 | 32 | -8.6% |
| 5+ Bedrooms | 4 | 1 | -75.0% |
Summary: The Central Jefferson housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 14.9%, 3 bedroom homes increased by 3%, 4 bedroom homes decreased by 8.6%, and 5+ bedroom homes decreased by 75%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 74 | 76 | +2.7% |
Asking Price vs. Sold Price
26 Homes Were Sold
Under Asking
23 Homes Were Sold
At Asking
27 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Central Jefferson, you could pay more than the asking price. 35.5% of homes here sold above asking price last month.
Summary: A total of 76 homes were sold or pending in Central Jefferson in March 2024, up by 2.7% month-over-month. Of the 76 sold homes, 34% were sold under asking, 30% were sold at asking, and 36% were sold over asking.
Days on Market for Central Jefferson, KY
We’re sorry, we don't have information for this market at the moment
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of Metro Search Multiple Listing Service. Real estate listings held by other Brokerage firms are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about them includes the name of the listing IDX Brokers. The Broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. IDX 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. Information deemed reliable but not guaranteed. Copyright © 2024 Greater Louisville Association of Realtors. 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.