Is Hopkinsville, KY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Hopkinsville has remained a Seller's Market.
Housing Prices in Hopkinsville, KY
How much do homes in Hopkinsville, KY cost?
Median Sold Price
$214,583
$135/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Hopkinsville was $214,583 in March 2024, up 13% from last year, and the median price per square foot was $135.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $94.9K | $90K | -5.2% |
2 Bedrooms | $118.7K | $105K | -11.6% |
3 Bedrooms | $187.9K | $215K | +14.4% |
4 Bedrooms | $207.4K | $270K | +30.2% |
5+ Bedrooms | $317.5K | $340K | +7.1% |
Summary: Hopkinsville housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.2%, 2 bedroom homes decreased by 11.6%, 3 bedroom homes increased by 14.4%, 4 bedroom homes increased by 30.2%, and 5+ bedroom homes increased by 7.1%.
Median Sold Price Compared To Nearby Cities
Oak Grove | $185K | $218K | +17.8% |
Oak Grove-Pembroke | $184.9K | $213.5K | +15.5% |
Hopkinsville | $189.9K | $214.5K | +13.0% |
Housing Supply in Hopkinsville, KY
How many homes are available in Hopkinsville, KY?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
95 | 100 | +5.3% |
Summary: The Hopkinsville real estate market had 100 homes for sale in March 2024, a 5.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 10 | 9 | -10.0% |
3 Bedrooms | 46 | 53 | +15.2% |
4 Bedrooms | 31 | 29 | -6.5% |
5+ Bedrooms | 8 | 9 | +12.5% |
Summary: The Hopkinsville 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 10%, 3 bedroom homes increased by 15.2%, 4 bedroom homes decreased by 6.5%, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
21 | 24 | +14.3% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 24 homes were sold or pending in Hopkinsville in March 2024, up by 14.3% month-over-month. Of the 24 sold homes, 50% were sold under asking, 42% were sold at asking, and 8% were sold over asking.
Days on Market for Hopkinsville, KY
How long does it take to sell a home in Hopkinsville, KY?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
28 Days | 47 Days | +64.7% |
Summary: Homes in Hopkinsville had an average of 47 days on market in Mar 2024, up by 64.7% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During March 2024, 24 homes were sold in Hopkinsville; 33% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.