Is District 2, 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 2 has remained a Seller's Market.
Housing Prices in District 2, KY
How much do homes in District 2, KY cost?
Median Sold Price
$306,000
$156/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in District 2 was $306,000 in April 2024, up 9.3% from last year, and the median price per square foot was $156.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $89K | $80K | -10.1% |
2 Bedrooms | $205K | $255K | +24.4% |
3 Bedrooms | $265.6K | $285K | +7.3% |
4 Bedrooms | $345K | $354.9K | +2.9% |
5+ Bedrooms | $449.9K | $439.9K | -2.2% |
Summary: District 2 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10.1%, 2 bedroom homes increased by 24.4%, 3 bedroom homes increased by 7.3%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes decreased by 2.2%.
Housing Supply in District 2, KY
How many homes are available in District 2, KY?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
106 | 118 | +11.3% |
Summary: The District 2 real estate market had 118 homes for sale in April 2024, a 11.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 3 | +100.0% |
2 Bedrooms | 8 | 11 | +37.5% |
3 Bedrooms | 62 | 69 | +11.3% |
4 Bedrooms | 30 | 30 | 0.0% |
5+ Bedrooms | 6 | 5 | -16.7% |
Summary: The District 2 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 37.5%, 3 bedroom homes increased by 11.3%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
24 | 42 | +75.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
17 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Summary: A total of 42 homes were sold or pending in District 2 in April 2024, up by 75.0% month-over-month. Of the 42 sold homes, 21% were sold under asking, 40% were sold at asking, and 38% were sold over asking.
Days on Market for District 2, KY
How long does it take to sell a home in District 2, KY?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
23 Days | 16 Days | -29.9% |
Summary: Homes in District 2 had an average of 16 days on market in Apr 2024, down by 29.9% compared to last year.
Breakdown of Home Sale Times
35 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 42 homes were sold in District 2; 83% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.