Is Keene, KY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Keene was a Seller's Market.
Key Takeaway
Keene 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 Keene, KY
How much do homes in Keene, KY cost?
Median Sold Price
$920,000
-
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Keene have sold for 7% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $326.2K | $40K | -87.7% |
| 3 Bedrooms | $727.5K | $502.5K | -30.9% |
| 4 Bedrooms | $801.2K | $925K | +15.4% |
| 5+ Bedrooms | $1.1M | $1.1M | +5.1% |
Summary: Keene housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 87.7%, 3 bedroom homes decreased by 30.9%, 4 bedroom homes increased by 15.4%, and 5+ bedroom homes increased by 5.1%.
Median Sold Price Compared To Nearby Cities
| Keene | $860K | $920K | +7.0% |
| Nicholasville | $299.7K | $320.5K | +6.9% |
| Lexington | $295K | $310.6K | +5.3% |
| Lexington-Fayette Southwest | $326.7K | $341.5K | +4.6% |
| South Woodford | $510K | $425K | -16.7% |
Housing Supply in Keene, KY
How many homes are available in Keene, KY?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 16 | 24 | +50.0% |
Summary: The Keene real estate market had 24 homes for sale in March 2024, a 50.0% 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 2 | 2 | 0.0% |
| 4 Bedrooms | 6 | 11 | +83.3% |
| 5+ Bedrooms | 8 | 11 | +37.5% |
Summary: The Keene 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 83.3%, and 5+ bedroom homes increased by 37.5%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 1 | 4 | +300.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Keene, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Keene in March 2024, up by 300.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 10 Days | 12 Days | +11.6% |
Summary: Homes in Keene had an average of 12 days on market in Mar 2024, up by 11.6% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Keene are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 4 homes were sold in Keene; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% 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.