Is District 1, KY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, District 1 has remained a Seller's Market.
Key Takeaway
District 1 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in District 1, KY
How much do homes in District 1, KY cost?
Median Sold Price
$230,500
$117/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in District 1 have sold for 11.7% more than they did a year ago.
Summary: The median home sold price in District 1 was $230,500 in April 2024, up 11.7% from last year, and the median price per square foot was $117.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $213.7K | $117.5K | -45.0% |
| 2 Bedrooms | $170.5K | $209.9K | +23.1% |
| 3 Bedrooms | $206K | $228K | +10.7% |
| 4 Bedrooms | $241K | $242.8K | +0.8% |
| 5+ Bedrooms | $289.5K | $305.7K | +5.6% |
Summary: District 1 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 45%, 2 bedroom homes increased by 23.1%, 3 bedroom homes increased by 10.7%, 4 bedroom homes increased by 0.8%, and 5+ bedroom homes increased by 5.6%.
Median Sold Price Compared To Nearby Neighborhoods
| District 1 | $206.3K | $230.5K | +11.7% |
| Griffin Gate | $342K | $355K | +3.8% |
Housing Supply in District 1, KY
How many homes are available in District 1, KY?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 71 | 90 | +26.8% |
Summary: The District 1 real estate market had 90 homes for sale in April 2024, a 26.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 15 | 22 | +46.7% |
| 3 Bedrooms | 35 | 39 | +11.4% |
| 4 Bedrooms | 15 | 21 | +40.0% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The District 1 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 46.7%, 3 bedroom homes increased by 11.4%, 4 bedroom homes increased by 40%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 13 | 19 | +46.2% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in District 1, you may be able to get a good deal. 47.4% of homes here sold below asking price last month.
Summary: A total of 19 homes were sold or pending in District 1 in April 2024, up by 46.2% month-over-month. Of the 19 sold homes, 47% were sold under asking, 26% were sold at asking, and 26% were sold over asking.
Days on Market for District 1, KY
How long does it take to sell a home in District 1, KY?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 12 Days | 7 Days | -38.9% |
Summary: Homes in District 1 had an average of 7 days on market in Apr 2024, down by 38.9% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in District 1 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 19 homes were sold in District 1; 84% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 0% 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.