Is Eli, KY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Eli was a Buyer's Market.
Housing Prices in Eli, KY
How much do homes in Eli, KY cost?
Median Sold Price
$161,000
-
Based on all homes sold in the last 12 months.
Difference Since April 2023
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $119K | $78K | -34.5% |
2 Bedrooms | $143K | $97.5K | -31.8% |
3 Bedrooms | $190K | $150.5K | -20.8% |
4 Bedrooms | $451.5K | $252.5K | -44.1% |
5+ Bedrooms | $345K | $415K | +20.3% |
Summary: Eli housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 34.5%, 2 bedroom homes decreased by 31.8%, 3 bedroom homes decreased by 20.8%, 4 bedroom homes decreased by 44.1%, and 5+ bedroom homes increased by 20.3%.
Median Sold Price Compared To Nearby Cities
Mill Springs | $209K | $232K | +11.0% |
Nancy | $210K | $210K | 0.0% |
Eli | $190K | $161K | -15.3% |
Housing Supply in Eli, KY
How many homes are available in Eli, KY?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
17 | 21 | +23.5% |
Summary: The Eli real estate market had 21 homes for sale in April 2024, a 23.5% 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 | 1 | 2 | +100.0% |
3 Bedrooms | 11 | 13 | +18.2% |
4 Bedrooms | 4 | 4 | 0.0% |
5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Eli 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 increased by 100%, 3 bedroom homes increased by 18.2%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
1 | 3 | +200.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Eli in April 2024, up by 200.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Eli, KY
How long does it take to sell a home in Eli, KY?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
39 Days | 14 Days | -62.4% |
Summary: Homes in Eli had an average of 14 days on market in Apr 2024, down by 62.4% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 3 homes were sold in Eli; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.