Is Cumberland Falls, 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, Cumberland Falls was a Neutral Market.
Housing Prices in Cumberland Falls, KY
How much do homes in Cumberland Falls, KY cost?
Median Sold Price
$197,500
-
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 | - | - | N/A |
2 Bedrooms | $102.5K | $166K | +62.0% |
3 Bedrooms | $194.1K | $196K | +1.0% |
4 Bedrooms | $260K | $220K | -15.4% |
5+ Bedrooms | - | - | N/A |
Summary: Cumberland Falls 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 increased by 62%, 3 bedroom homes increased by 1%, 4 bedroom homes decreased by 15.4%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Stearns-Whitley City | $138.5K | $151K | +9.0% |
Keavy | $225K | $245K | +8.9% |
Cumberland Falls | $215K | $197.5K | -8.1% |
Housing Supply in Cumberland Falls, KY
How many homes are available in Cumberland Falls, KY?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
7 | 11 | +57.1% |
Summary: The Cumberland Falls real estate market had 11 homes for sale in April 2024, a 57.1% 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 | 2 | 3 | +50.0% |
3 Bedrooms | 5 | 5 | 0.0% |
4 Bedrooms | 0 | 3 | +100.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Cumberland Falls 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 increased by 50%, 3 bedroom homes remained the same, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
0 | 2 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Cumberland Falls in April 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Cumberland Falls, KY
How long does it take to sell a home in Cumberland Falls, KY?
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 2 homes were sold in Cumberland Falls; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.