March 2024

Elsmere Housing Market Report Kenton County, Kentucky

Report Updated 28 Days Ago

Housing Prices in Elsmere, KY

How much do homes in Elsmere, KY cost?

Median List Price

$159,900

$147/sqft

Based on all homes listed in the last 12 months.

Difference Since March 2023

+$5,000(+3.2%)

Key Takeaway

The list price of homes in Elsmere has increased by 3.2% since last year.

Summary: The median home list price in Elsmere was $159,900 in March 2024, up 3.2% from the previous year, and the median price per square foot was $147.

Median List Price By Bedroom Count

# BEDS# BEDROOMS	Mar 2023	Mar 2024	CHANGE
1 Bedroom	$79.9K	$82K	+2.5%
2 Bedrooms	$119.9K	$123.4K	+3.0%
3 Bedrooms	$155.9K	$164.4K	+5.4%
4 Bedrooms	$164.5K	$170K	+3.3%
5+ Bedrooms	$174.8K	$174.8K	0.0%

Summary: Elsmere housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.5%, 2 bedroom homes increased by 3%, 3 bedroom homes increased by 5.4%, 4 bedroom homes increased by 3.3%, and 5+ bedroom homes did not change.

Median List Price Compared To Nearby Cities

CITY	Mar 2023	Mar 2024	CHANGE
Independence	$232.9K	$248.7K	+6.8%
Erlanger	$174.9K	$186.5K	+6.6%
Elsmere	$154.9K	$159.9K	+3.2%

Housing Supply in Elsmere, KY

How many homes are available in Elsmere, KY?

Number of Homes For Sale

Feb 2024	Mar 2024	CHANGE
784	789	+0.6%

Summary: The Elsmere real estate market had 789 homes for sale in March 2024, a 0.6% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDS# BEDROOMS	Feb 2024	Mar 2024	CHANGE
1 Bedroom	15	15	0.0%
2 Bedrooms	113	112	-0.9%
3 Bedrooms	560	564	+0.7%
4 Bedrooms	85	87	+2.4%
5+ Bedrooms	11	11	0.0%

Summary: The Elsmere 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 decreased by 0.9%, 3 bedroom homes increased by 0.7%, 4 bedroom homes increased by 2.4%, and 5+ bedroom homes remained the same.

Days on Market for Elsmere, KY

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

Average Listing Age

Mar 2023	Mar 2024	CHANGE
962 Days	1,152 Days	+19.7%

Summary: Homes in Elsmere had an average listing age of 1,152 days in Mar 2024, up by 19.7% compared to the previous year.

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

Report Updated 28 Days Ago

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Newest Listings in Elsmere, KY

Nearby Markets to Elsmere, KY

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MLS Disclaimers and Copyright

Based on information from Northern Kentucky MLS for the period 04/01/2022 - 04/01/2024

Disclaimer: The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Northern Kentucky Multiple Listing Service, Inc. (NKMLS). Real estate listings held by other brokerage firms are marked with the Broker Reciprocity Logo and detailed information about them includes the name of the listing broker. The broker providing the data believes the data to be correct, but advises interested parties to confirm the data before relying on it in a purchase decision. MLS content and images © Copyright ©2024, Northern Kentucky Multiple Listing Service, Inc. All rights reserved.

The information on this web site is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. We are not responsible or liable for misinformation, misprints, or typographical errors. All information provided is deemed reliable but is not guaranteed and should be independently verified through personal inspection by and/or with the appropriate professionals. Properties subject to prior sale, change, withdrawal or rental.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/29/2024, 8:20:20 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.