Is Jefferson County, KY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Jefferson County is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, Jefferson County has remained a Seller's Market.

Key Takeaway

Jefferson County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Jefferson County, KY

How much do homes in Jefferson County, KY cost?

Median Sold Price

$250,018

$180/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$5,367(+2.2%)

Key Takeaway

Homes in Jefferson County have sold for 2.2% more than they did a year ago.

Summary: The median home sold price in Jefferson County was $250,018 in March 2024, up 2.2% from last year, and the median price per square foot was $180.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $101K$105K
+4.0%
2 $172.5K$179.8K
+4.2%
3 $237.6K$250K
+5.2%
4 $369.7K$368.8K
-0.2%
5+ $569.5K$596.9K
+4.8%

Summary: Jefferson County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4%, 2 bedroom homes increased by 4.2%, 3 bedroom homes increased by 5.2%, 4 bedroom homes decreased by 0.2%, and 5+ bedroom homes increased by 4.8%.

Median Sold Price Compared To Nearby Counties

Oldham County
+3.7%
Jefferson County
+2.2%
Bullitt County
+0.6%

Housing Supply in Jefferson County, KY

How many homes are available in Jefferson County, KY?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
2,4842,649+6.6%

Summary: The Jefferson County real estate market had 2,649 homes for sale in March 2024, a 6.6% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 6265
+4.8%
2 526581
+10.5%
3 1,2161,267
+4.2%
4 545579
+6.2%
5+ 135157
+16.3%

Summary: The Jefferson County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 4.8%, 2 bedroom homes increased by 10.5%, 3 bedroom homes increased by 4.2%, 4 bedroom homes increased by 6.2%, and 5+ bedroom homes increased by 16.3%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
665742+11.6%

Asking Price vs. Sold Price

339 Homes Were Sold
Under Asking

204 Homes Were Sold
At Asking

199 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Jefferson County, you may be able to get a good deal. 45.7% of homes here sold below asking price last month.

Summary: A total of 742 homes were sold or pending in Jefferson County in March 2024, up by 11.6% month-over-month. Of the 742 sold homes, 46% were sold under asking, 27% were sold at asking, and 27% were sold over asking.

Days on Market for Jefferson County, KY

We’re sorry, we don't have information for this market at the moment

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

Report Updated 19 Days Ago

Newest Listings in Jefferson County, KY

Nearby Markets to Jefferson County, KY

What housing markets are near Jefferson County, KY?