$675,000
5.00 Acres
Land
Listing Office: Emmerich Muzic Realty
Is Keene, KY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
Since last year, Keene has remained a Seller's Market.
Key Takeaway
Keene is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Keene, KY
How much do homes in Keene, KY cost?
Median Sold Price
$925,000
-
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$55,000(+6.3%)
Key Takeaway
Homes in Keene have sold for 6.3% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $290K | - | N/A |
| 3 Bedrooms | $532K | $572.5K | +7.6% |
| 4 Bedrooms | $900K | $887.5K | -1.4% |
| 5+ Bedrooms | $975K | $1.1M | +12.8% |
Summary: Keene housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 7.6%, 4 bedroom homes decreased by 1.4%, and 5+ bedroom homes increased by 12.8%.
Median Sold Price Compared To Nearby Cities
| Keene | $870K | $925K | +6.3% |
| Lexington | $304.7K | $322.8K | +5.9% |
| Nicholasville | $324.5K | $343.4K | +5.8% |
| Lexington-Fayette Southwest | $344.1K | $350K | +1.7% |
| South Woodford | $540K | $517.5K | -4.2% |
Housing Supply in Keene, KY
How many homes are available in Keene, KY?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 25 | 27 | +8.0% |
Summary: The Keene real estate market had 27 homes for sale in September 2024, a 8.0% increase compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 3 | 6 | +100.0% |
| 4 Bedrooms | 8 | 10 | +25.0% |
| 5+ Bedrooms | 14 | 11 | -21.4% |
Summary: The Keene housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 100%, 4 bedroom homes increased by 25%, and 5+ bedroom homes decreased by 21.4%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 6 | 6 | 0.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Keene, you may be able to get a good deal. 83.3% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Keene in September 2024, the same as the previous month. Of the 6 sold homes, 83% were sold under asking, 0% were sold at asking, and 17% were sold over asking.
Days on Market for Keene, KY
How long does it take to sell a home in Keene, KY?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 15 Days | 62 Days | +296.8% |
Summary: Homes in Keene had an average of 62 days on market in Sep 2024, up by 296.8% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Keene are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 6 homes were sold in Keene; 67% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% 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.