Is East Bernstadt, KY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing East Bernstadt is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, East Bernstadt has remained a Seller's Market.

Key Takeaway

East Bernstadt is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in East Bernstadt, KY

How much do homes in East Bernstadt, KY cost?

Median Sold Price

$178,000

-

Based on all homes sold in the last 12 months.

Difference Since March 2023

-$16,000(-8.2%)

Key Takeaway

Homes in East Bernstadt have sold for 8.2% less than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $140K$203K
+45.0%
2 $172.5K$105K
-39.1%
3 $204.4K$165K
-19.3%
4 $290K$215.8K
-25.6%
5+ -$479.5K
N/A

Summary: East Bernstadt housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 45%, 2 bedroom homes decreased by 39.1%, 3 bedroom homes decreased by 19.3%, 4 bedroom homes decreased by 25.6%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Colony
-1.4%
East Bernstadt
-8.2%

Housing Supply in East Bernstadt, KY

How many homes are available in East Bernstadt, KY?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
22220.0%

Summary: The East Bernstadt real estate market had 22 homes for sale in March 2024, the same as February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 11
0.0%
2 33
0.0%
3 1614
-12.5%
4 24
+100.0%
5+ 00
0.0%

Summary: The East Bernstadt housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 12.5%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
440.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in East Bernstadt, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in East Bernstadt in March 2024, the same as the previous month. Of the 4 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for East Bernstadt, KY

How long does it take to sell a home in East Bernstadt, KY?

Average Sale Time

Mar 2023Mar 2024CHANGE
34 Days13 Days-61.0%

Summary: Homes in East Bernstadt had an average of 13 days on market in Mar 2024, down by 61% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in East Bernstadt are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 4 homes were sold in East Bernstadt; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 26 Days Ago

Newest Listings in East Bernstadt, KY

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What housing markets are near East Bernstadt, KY?