Is Corbin, KY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Corbin was a Seller's Market.
Key Takeaway
Corbin is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Corbin, KY
How much do homes in Corbin, KY cost?
Median Sold Price
$210,166
$49/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Corbin have sold for 8.9% more than they did a year ago.
Summary: The median home sold price in Corbin was $210,166 in March 2024, up 8.9% from last year, and the median price per square foot was $49.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $115K | $86K | -25.2% |
| 2 Bedrooms | $112.5K | $122K | +8.4% |
| 3 Bedrooms | $185K | $200K | +8.1% |
| 4 Bedrooms | $246.5K | $240K | -2.6% |
| 5+ Bedrooms | $315K | $305K | -3.2% |
Summary: Corbin housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 25.2%, 2 bedroom homes increased by 8.4%, 3 bedroom homes increased by 8.1%, 4 bedroom homes decreased by 2.6%, and 5+ bedroom homes decreased by 3.2%.
Median Sold Price Compared To Nearby Cities
| Corbin | $192K | $210K | +9.4% |
| Corbin | $193K | $210.1K | +8.9% |
Housing Supply in Corbin, KY
How many homes are available in Corbin, KY?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 93 | 86 | -7.5% |
Summary: The Corbin real estate market had 86 homes for sale in March 2024, a 7.5% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 13 | 10 | -23.1% |
| 3 Bedrooms | 64 | 60 | -6.3% |
| 4 Bedrooms | 11 | 8 | -27.3% |
| 5+ Bedrooms | 5 | 8 | +60.0% |
Summary: The Corbin 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 decreased by 23.1%, 3 bedroom homes decreased by 6.3%, 4 bedroom homes decreased by 27.3%, and 5+ bedroom homes increased by 60%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 18 | 14 | -22.2% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Corbin, you may be able to get a good deal. 64.3% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in Corbin in March 2024, down by 22.2% month-over-month. Of the 14 sold homes, 64% were sold under asking, 29% were sold at asking, and 7% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 71 Days | 79 Days | +10.7% |
Summary: Homes in Corbin had an average of 79 days on market in Mar 2024, up by 10.7% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Corbin has remained consistent over time.
Summary: During March 2024, 14 homes were sold in Corbin; 7% of homes were sold within 30 days, 57% of homes were sold within 30 to 90 days, and 36% of homes were sold over 90 days.
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.