Is Garrard County, 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, Garrard County has remained a Seller's Market.
Key Takeaway
Garrard County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Garrard County, KY
How much do homes in Garrard County, KY cost?
Median Sold Price
$260,000
$116/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Garrard County have sold for 4% more than they did a year ago.
Summary: The median home sold price in Garrard County was $260,000 in April 2024, up 4% from last year, and the median price per square foot was $116.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $115K | $25K | -78.3% |
| 2 Bedrooms | $122.5K | $122.7K | 0.2% |
| 3 Bedrooms | $220.5K | $225K | +2.0% |
| 4 Bedrooms | $367.5K | $345K | -6.1% |
| 5+ Bedrooms | $385K | $550K | +42.9% |
Summary: Garrard County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 78.3%, 2 bedroom homes increased by 0.2%, 3 bedroom homes increased by 2%, 4 bedroom homes decreased by 6.1%, and 5+ bedroom homes increased by 42.9%.
Median Sold Price Compared To Nearby Counties
| Jessamine County | $289.6K | $323.2K | +11.6% |
| Lincoln County | $180K | $195K | +8.3% |
| Madison County | $259.9K | $279.9K | +7.7% |
| Garrard County | $250K | $260K | +4.0% |
| Boyle County | $238K | $225K | -5.5% |
Housing Supply in Garrard County, KY
How many homes are available in Garrard County, KY?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 66 | 71 | +7.6% |
Summary: The Garrard County real estate market had 71 homes for sale in April 2024, a 7.6% 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 | 9 | 6 | -33.3% |
| 3 Bedrooms | 36 | 39 | +8.3% |
| 4 Bedrooms | 15 | 19 | +26.7% |
| 5+ Bedrooms | 6 | 7 | +16.7% |
Summary: The Garrard County 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 decreased by 33.3%, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 26.7%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 10 | 15 | +50.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Garrard County, you may be able to get a good deal. 53.3% of homes here sold below asking price last month.
Summary: A total of 15 homes were sold or pending in Garrard County in April 2024, up by 50.0% month-over-month. Of the 15 sold homes, 53% were sold under asking, 27% were sold at asking, and 20% were sold over asking.
Days on Market for Garrard County, KY
How long does it take to sell a home in Garrard County, KY?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 56 Days | 50 Days | -9.7% |
Summary: Homes in Garrard County had an average of 50 days on market in Apr 2024, down by 9.7% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Garrard County are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 15 homes were sold in Garrard County; 53% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 13% 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.