Is District 4, 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, District 4 has remained a Seller's Market.
Housing Prices in District 4, KY
How much do homes in District 4, KY cost?
Median Sold Price
$295,000
$147/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in District 4 was $295,000 in March 2024, up 10.2% from last year, and the median price per square foot was $147.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $94K | $128.7K | +37.0% |
2 Bedrooms | $174.9K | $182.5K | +4.3% |
3 Bedrooms | $242.2K | $291.7K | +20.4% |
4 Bedrooms | $403.5K | $434.5K | +7.7% |
5+ Bedrooms | $430K | $448K | +4.2% |
Summary: District 4 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 37%, 2 bedroom homes increased by 4.3%, 3 bedroom homes increased by 20.4%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes increased by 4.2%.
Housing Supply in District 4, KY
How many homes are available in District 4, KY?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
51 | 70 | +37.3% |
Summary: The District 4 real estate market had 70 homes for sale in March 2024, a 37.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 4 | +100.0% |
2 Bedrooms | 7 | 10 | +42.9% |
3 Bedrooms | 17 | 22 | +29.4% |
4 Bedrooms | 20 | 26 | +30.0% |
5+ Bedrooms | 5 | 8 | +60.0% |
Summary: The District 4 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 42.9%, 3 bedroom homes increased by 29.4%, 4 bedroom homes increased by 30%, and 5+ bedroom homes increased by 60%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
16 | 17 | +6.3% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 17 homes were sold or pending in District 4 in March 2024, up by 6.3% month-over-month. Of the 17 sold homes, 53% were sold under asking, 18% were sold at asking, and 29% were sold over asking.
Days on Market for District 4, KY
How long does it take to sell a home in District 4, KY?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
16 Days | 45 Days | +180.4% |
Summary: Homes in District 4 had an average of 45 days on market in Mar 2024, up by 180.4% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 17 homes were sold in District 4; 53% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.