Is District 7, 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 7 has remained a Seller's Market.
Housing Prices in District 7, KY
How much do homes in District 7, KY cost?
Median Sold Price
$304,887
$109/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in District 7 was $304,887 in April 2024, down 2.7% from last year, and the median price per square foot was $109.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $179K | $191.2K | +6.8% |
3 Bedrooms | $265K | $280K | +5.7% |
4 Bedrooms | $426K | $445K | +4.5% |
5+ Bedrooms | $575K | $581.1K | +1.1% |
Summary: District 7 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 6.8%, 3 bedroom homes increased by 5.7%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes increased by 1.1%.
Housing Supply in District 7, KY
How many homes are available in District 7, KY?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
113 | 115 | +1.8% |
Summary: The District 7 real estate market had 115 homes for sale in April 2024, a 1.8% 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 | 17 | 17 | 0.0% |
3 Bedrooms | 55 | 57 | +3.6% |
4 Bedrooms | 25 | 27 | +8.0% |
5+ Bedrooms | 16 | 14 | -12.5% |
Summary: The District 7 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 remained the same, 3 bedroom homes increased by 3.6%, 4 bedroom homes increased by 8%, and 5+ bedroom homes decreased by 12.5%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
37 | 44 | +18.9% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Summary: A total of 44 homes were sold or pending in District 7 in April 2024, up by 18.9% month-over-month. Of the 44 sold homes, 36% were sold under asking, 32% were sold at asking, and 32% were sold over asking.
Days on Market for District 7, KY
How long does it take to sell a home in District 7, KY?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
15 Days | 27 Days | +76.0% |
Summary: Homes in District 7 had an average of 27 days on market in Apr 2024, up by 76% compared to last year.
Breakdown of Home Sale Times
35 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During April 2024, 44 homes were sold in District 7; 80% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.