$3,146 Closing Credit*
$264,900
3 Beds
•2 Full Baths, 1 Partial
Listing Office: Rebuilt Brokerage, LLC
Is Fayette County, KY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2023
Since last year, Fayette County has remained a Seller's Market.
Key Takeaway
Fayette County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Fayette County, KY
How much do homes in Fayette County, KY cost?
Median Sold Price
$324,279
$145/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2023
+$24,923(+8.3%)
Key Takeaway
Homes in Fayette County have sold for 8.3% more than they did a year ago.
Summary: The median home sold price in Fayette County was $324,279 in August 2024, up 8.3% from last year, and the median price per square foot was $145.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $149K | $175K | +17.4% |
| 2 Bedrooms | $195K | $215K | +10.3% |
| 3 Bedrooms | $271K | $293K | +8.1% |
| 4 Bedrooms | $395K | $410.3K | +3.9% |
| 5+ Bedrooms | $585K | $570.2K | -2.5% |
Summary: Fayette County housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17.4%, 2 bedroom homes increased by 10.3%, 3 bedroom homes increased by 8.1%, 4 bedroom homes increased by 3.9%, and 5+ bedroom homes decreased by 2.5%.
Median Sold Price Compared To Nearby Counties
| Jessamine County | $300K | $336.6K | +12.2% |
| Scott County | $293.4K | $326.5K | +11.3% |
| Fayette County | $299.3K | $324.2K | +8.3% |
| Clark County | $222.3K | $240.7K | +8.3% |
| Bourbon County | $216K | $230.5K | +6.7% |
Housing Supply in Fayette County, KY
How many homes are available in Fayette County, KY?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 1,081 | 1,031 | -4.6% |
Summary: The Fayette County real estate market had 1,031 homes for sale in August 2024, a 4.6% decrease compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 18 | 19 | +5.6% |
| 2 Bedrooms | 108 | 120 | +11.1% |
| 3 Bedrooms | 497 | 433 | -12.9% |
| 4 Bedrooms | 339 | 344 | +1.5% |
| 5+ Bedrooms | 119 | 115 | -3.4% |
Summary: The Fayette County housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 5.6%, 2 bedroom homes increased by 11.1%, 3 bedroom homes decreased by 12.9%, 4 bedroom homes increased by 1.5%, and 5+ bedroom homes decreased by 3.4%.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 394 | 299 | -24.1% |
Asking Price vs. Sold Price
145 Homes Were Sold
Under Asking
90 Homes Were Sold
At Asking
64 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Fayette County, you may be able to get a good deal. 48.5% of homes here sold below asking price last month.
Summary: A total of 299 homes were sold or pending in Fayette County in August 2024, down by 24.1% month-over-month. Of the 299 sold homes, 48% were sold under asking, 30% were sold at asking, and 21% were sold over asking.
Days on Market for Fayette County, KY
How long does it take to sell a home in Fayette County, KY?
Average Sale Time
| Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|
| 15 Days | 23 Days | +54.3% |
Summary: Homes in Fayette County had an average of 23 days on market in Aug 2024, up by 54.3% compared to last year.
Breakdown of Home Sale Times
223 Homes Were Sold
Under 30 Days
53 Homes Were Sold
In 30 - 90 Days
14 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Fayette County are selling fast, if you're buying plan to act quickly.
Summary: During August 2024, 299 homes were sold in Fayette County; 75% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Lexington-Bluegrass Association of Realtors Multiple Listing Service. Real estate listings held by IDX Brokerage firms other than this broker, are marked with the IDX logo or the IDX thumbnail logo and detailed information about them includes the name of the listing IDX Brokers. Information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Listing(s) information 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. © 2024 LBAR Multiple Listing Service. All rights reserved.
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of Metro Search Multiple Listing Service. Real estate listings held by other Brokerage firms are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about them includes the name of the listing IDX Brokers. The Broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. IDX information 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. Information deemed reliable but not guaranteed. Copyright © 2024 Greater Louisville Association of Realtors. All Rights Reserved.
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Copyright 2024 My Florida Regional Multiple Listing Service DBA Stellar MLS. The real estate listing data marked with this icon comes from the IDX program of the Stellar MLS system. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided exclusively for consumers’ personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Properties displayed may be listed or sold by various participants in the MLS.