Is Jessamine County, 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, Jessamine County has remained a Seller's Market.
Key Takeaway
Jessamine County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Jessamine County, KY
How much do homes in Jessamine County, KY cost?
Median Sold Price
$316,550
$161/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Jessamine County have sold for 7.3% more than they did a year ago.
Summary: The median home sold price in Jessamine County was $316,550 in March 2024, up 7.3% from last year, and the median price per square foot was $161.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $45K | $178.3K | +296.3% |
| 2 Bedrooms | $160K | $176.5K | +10.3% |
| 3 Bedrooms | $249K | $272.5K | +9.4% |
| 4 Bedrooms | $401.3K | $417.4K | +4.0% |
| 5+ Bedrooms | $615K | $664.4K | +8.0% |
Summary: Jessamine County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 296.3%, 2 bedroom homes increased by 10.3%, 3 bedroom homes increased by 9.4%, 4 bedroom homes increased by 4%, and 5+ bedroom homes increased by 8%.
Median Sold Price Compared To Nearby Counties
| Jessamine County | $295K | $316.5K | +7.3% |
| Madison County | $259.9K | $275.1K | +5.8% |
| Fayette County | $295K | $310.5K | +5.3% |
| Mercer County | $219.2K | $229K | +4.4% |
| Garrard County | $250K | $254.5K | +1.8% |
Housing Supply in Jessamine County, KY
How many homes are available in Jessamine County, KY?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 140 | 160 | +14.3% |
Summary: The Jessamine County real estate market had 160 homes for sale in March 2024, a 14.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 9 | 5 | -44.4% |
| 3 Bedrooms | 60 | 73 | +21.7% |
| 4 Bedrooms | 50 | 56 | +12.0% |
| 5+ Bedrooms | 21 | 25 | +19.0% |
Summary: The Jessamine County 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 decreased by 44.4%, 3 bedroom homes increased by 21.7%, 4 bedroom homes increased by 12%, and 5+ bedroom homes increased by 19%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 30 | 29 | -3.3% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Jessamine County, you may be able to get a good deal. 44.8% of homes here sold below asking price last month.
Summary: A total of 29 homes were sold or pending in Jessamine County in March 2024, down by 3.3% month-over-month. Of the 29 sold homes, 45% were sold under asking, 34% were sold at asking, and 21% were sold over asking.
Days on Market for Jessamine County, KY
How long does it take to sell a home in Jessamine County, KY?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 29 Days | 24 Days | -18.3% |
Summary: Homes in Jessamine County had an average of 24 days on market in Mar 2024, down by 18.3% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Jessamine County are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 29 homes were sold in Jessamine County; 69% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 10% 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.