Is Harrodsburg, KY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Harrodsburg is a neutral's market

Buyer's
Market

Difference Since May 2023

At the same time last year, Harrodsburg was a Seller's Market.

Key Takeaway

Harrodsburg 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 Harrodsburg, KY

How much do homes in Harrodsburg, KY cost?

Median Sold Price

$229,000

$129/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$9,050(+4.1%)

Key Takeaway

Homes in Harrodsburg have sold for 4.1% more than they did a year ago.

Summary: The median home sold price in Harrodsburg was $229,000 in May 2024, up 4.1% from last year, and the median price per square foot was $129.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $158K$255.5K
+61.7%
2 $120K$137.5K
+14.6%
3 $215K$229.5K
+6.7%
4 $307.7K$312.5K
+1.5%
5+ $299.9K$450K
+50.1%

Summary: Harrodsburg housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 61.7%, 2 bedroom homes increased by 14.6%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 1.5%, and 5+ bedroom homes increased by 50.1%.

Housing Supply in Harrodsburg, KY

How many homes are available in Harrodsburg, KY?

Number of Homes For Sale

Apr 2024May 2024CHANGE
9193+2.2%

Summary: The Harrodsburg real estate market had 93 homes for sale in May 2024, a 2.2% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 01
+100.0%
2 1212
0.0%
3 4351
+18.6%
4 2721
-22.2%
5+ 98
-11.1%

Summary: The Harrodsburg housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 18.6%, 4 bedroom homes decreased by 22.2%, and 5+ bedroom homes decreased by 11.1%.

Number of Homes Sold

Apr 2024May 2024CHANGE
2615-42.3%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Harrodsburg, 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 Harrodsburg in May 2024, down by 42.3% month-over-month. Of the 15 sold homes, 53% were sold under asking, 20% were sold at asking, and 27% were sold over asking.

Days on Market for Harrodsburg, KY

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

Average Sale Time

May 2023May 2024CHANGE
48 Days54 Days+12.2%

Summary: Homes in Harrodsburg had an average of 54 days on market in May 2024, up by 12.2% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Harrodsburg are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 15 homes were sold in Harrodsburg; 47% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.

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

Report Updated 17 Days Ago

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