Is Gilbertsville, KY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Gilbertsville was a Buyer's Market.
Key Takeaway
Gilbertsville is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Gilbertsville, KY
How much do homes in Gilbertsville, KY cost?
Median Sold Price
$357,000
$148/sqft
Based on all homes sold in March 2024.
Difference Since Last Month
Key Takeaway
Homes in Gilbertsville have sold for 43.8% less than they did a month ago.
Summary: The median home sold price in Gilbertsville was $357,000 in March 2024, down 43.8% from last month, and the median price per square foot was $148.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $167.9K | N/A |
| 3 Bedrooms | $437K | $264K | -39.6% |
| 4 Bedrooms | - | $640K | N/A |
| 5+ Bedrooms | $1.2M | $450K | -64.0% |
Summary: Gilbertsville housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 39.6%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 64%.
Median Sold Price Compared To Nearby Cities
| Fairdealing | $475K | $309.5K | -34.8% |
| Calvert City | $347.5K | $200K | -42.4% |
| Gilbertsville | $635K | $357K | -43.8% |
Housing Supply in Gilbertsville, KY
How many homes are available in Gilbertsville, KY?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 24 | 28 | +16.7% |
Summary: The Gilbertsville real estate market had 28 homes for sale in March 2024, a 16.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 2 | 4 | +100.0% |
| 3 Bedrooms | 15 | 16 | +6.7% |
| 4 Bedrooms | 2 | 3 | +50.0% |
| 5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The Gilbertsville housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 50%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 3 | 4 | +33.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Gilbertsville, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Gilbertsville in March 2024, up by 33.3% month-over-month. Of the 4 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.
Days on Market for Gilbertsville, KY
We’re sorry, we don't have information for this market at the moment
Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Listings displayed are the property of the Western Kentucky Regional MLS (WKMLS) and provided here for consumer's personal, non-commercial use, and may not be used for any purposes other than to identify prospective properties consumers may be interested in purchasing. Each potential buyer is responsible for conducting his or her own independent inspections,investigations, measurements, inquiries and due diligence concerning the property. Although all information contained herein is believed to be accurate, the Real Estate Broker and the Seller of the property make no warranty or guarantee, actual or implied. Copyright 2024 Western Kentucky Regional MLS, Inc.