Is District 5, 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 5 has remained a Seller's Market.
Housing Prices in District 5, KY
How much do homes in District 5, KY cost?
Median Sold Price
$430,000
$162/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in District 5 was $430,000 in March 2024, down 6% from last year, and the median price per square foot was $162.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $153.6K | $174.5K | +13.6% |
2 Bedrooms | $226K | $235K | +4.0% |
3 Bedrooms | $388.5K | $385K | -0.9% |
4 Bedrooms | $635K | $625K | -1.6% |
5+ Bedrooms | $900K | $835K | -7.2% |
Summary: District 5 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.6%, 2 bedroom homes increased by 4%, 3 bedroom homes decreased by 0.9%, 4 bedroom homes decreased by 1.6%, and 5+ bedroom homes decreased by 7.2%.
Housing Supply in District 5, KY
How many homes are available in District 5, KY?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
69 | 87 | +26.1% |
Summary: The District 5 real estate market had 87 homes for sale in March 2024, a 26.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 3 | +50.0% |
2 Bedrooms | 14 | 21 | +50.0% |
3 Bedrooms | 26 | 31 | +19.2% |
4 Bedrooms | 23 | 25 | +8.7% |
5+ Bedrooms | 4 | 7 | +75.0% |
Summary: The District 5 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 19.2%, 4 bedroom homes increased by 8.7%, and 5+ bedroom homes increased by 75%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
15 | 25 | +66.7% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 25 homes were sold or pending in District 5 in March 2024, up by 66.7% month-over-month. Of the 25 sold homes, 52% were sold under asking, 16% were sold at asking, and 32% were sold over asking.
Days on Market for District 5, KY
How long does it take to sell a home in District 5, KY?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
15 Days | 23 Days | +54.7% |
Summary: Homes in District 5 had an average of 23 days on market in Mar 2024, up by 54.7% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 25 homes were sold in District 5; 76% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.