Is Laurel County, 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, Laurel County was a Seller's Market.
Key Takeaway
Laurel County 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 Laurel County, KY
How much do homes in Laurel County, KY cost?
Median Sold Price
$210,000
$114/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Laurel County have sold for 4.9% more than they did a year ago.
Summary: The median home sold price in Laurel County was $210,000 in March 2024, up 4.9% from last year, and the median price per square foot was $114.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $80.9K | $194K | +139.7% |
| 2 Bedrooms | $129.9K | $144.5K | +11.2% |
| 3 Bedrooms | $195K | $209K | +7.2% |
| 4 Bedrooms | $295K | $273.9K | -7.1% |
| 5+ Bedrooms | $393.5K | $327.5K | -16.8% |
Summary: Laurel County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 139.7%, 2 bedroom homes increased by 11.2%, 3 bedroom homes increased by 7.2%, 4 bedroom homes decreased by 7.1%, and 5+ bedroom homes decreased by 16.8%.
Median Sold Price Compared To Nearby Counties
| Whitley County | $185K | $198K | +7.0% |
| Knox County | $155.2K | $166K | +6.9% |
| Pulaski County | $220.2K | $235K | +6.7% |
| Laurel County | $200.2K | $210K | +4.9% |
Housing Supply in Laurel County, KY
How many homes are available in Laurel County, KY?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 144 | 164 | +13.9% |
Summary: The Laurel County real estate market had 164 homes for sale in March 2024, a 13.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 3 | +200.0% |
| 2 Bedrooms | 14 | 14 | 0.0% |
| 3 Bedrooms | 91 | 102 | +12.1% |
| 4 Bedrooms | 30 | 34 | +13.3% |
| 5+ Bedrooms | 8 | 11 | +37.5% |
Summary: The Laurel County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes remained the same, 3 bedroom homes increased by 12.1%, 4 bedroom homes increased by 13.3%, and 5+ bedroom homes increased by 37.5%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 21 | 27 | +28.6% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Laurel County, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.
Summary: A total of 27 homes were sold or pending in Laurel County in March 2024, up by 28.6% month-over-month. Of the 27 sold homes, 56% were sold under asking, 22% were sold at asking, and 22% were sold over asking.
Days on Market for Laurel County, KY
How long does it take to sell a home in Laurel County, KY?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 63 Days | 36 Days | -43.2% |
Summary: Homes in Laurel County had an average of 36 days on market in Mar 2024, down by 43.2% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Laurel County are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 27 homes were sold in Laurel County; 59% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 11% 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.
Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.
© 2024 of the REALTRACS MLS. All rights Reserved. 
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Knoxville Area Association of REALTORS® Multiple Listing Service. 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. Some or all of the listings may not belong to the firm whose website is being visited. Real estate listings held by brokerage firms other than this broker are indicated by detailed information about them such as the name of the listing firms.