Is Lyon County, KY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Lyon County has remained a Seller's Market.
Key Takeaway
Lyon County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lyon County, KY
How much do homes in Lyon County, KY cost?
Median Sold Price
$290,000
$168/sqft
Based on all homes sold in March 2024.
Difference Since Last Month
Key Takeaway
Homes in Lyon County have sold for 7.4% more than they did a month ago.
Summary: The median home sold price in Lyon County was $290,000 in March 2024, up 7.4% from last month, and the median price per square foot was $168.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $105K | N/A |
| 3 Bedrooms | $175K | $238.7K | +36.4% |
| 4 Bedrooms | $270K | $699.9K | +159.2% |
| 5+ Bedrooms | $380K | $699.9K | +84.2% |
Summary: Lyon County housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 36.4%, 4 bedroom homes increased by 159.2%, and 5+ bedroom homes increased by 84.2%.
Median Sold Price Compared To Nearby Counties
| Crittenden County | $140.4K | $202.5K | +44.2% |
| Livingston County | $145K | $159.9K | +10.3% |
| Lyon County | $270K | $290K | +7.4% |
| Caldwell County | $282.5K | $169.2K | -40.1% |
| Trigg County | $401K | $183.5K | -54.2% |
Housing Supply in Lyon County, KY
How many homes are available in Lyon County, KY?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 40 | 43 | +7.5% |
Summary: The Lyon County real estate market had 43 homes for sale in March 2024, a 7.5% 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 | 2 | 3 | +50.0% |
| 3 Bedrooms | 18 | 18 | 0.0% |
| 4 Bedrooms | 15 | 17 | +13.3% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Lyon County 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 increased by 50%, 3 bedroom homes remained the same, 4 bedroom homes increased by 13.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 9 | 11 | +22.2% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lyon County, you may be able to get a good deal. 54.5% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in Lyon County in March 2024, up by 22.2% month-over-month. Of the 11 sold homes, 55% were sold under asking, 27% were sold at asking, and 18% were sold over asking.
Days on Market for Lyon County, KY
How long does it take to sell a home in Lyon County, KY?
Average Sale Time
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 142 Days | 67 Days | -52.8% |
Summary: Homes in Lyon County had an average of 67 days on market in Mar 2024, down by 52.8% compared to last month.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Lyon County has remained consistent over time.
Summary: During March 2024, 11 homes were sold in Lyon County; 0% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Listings displayed are the property of the Western Kentucky Regional MLS (WKMLS) and provided here for consumer's personal, non-commercial use, and may not be used for any purposes other than to identify prospective properties consumers may be interested in purchasing. Each potential buyer is responsible for conducting his or her own independent inspections,investigations, measurements, inquiries and due diligence concerning the property. Although all information contained herein is believed to be accurate, the Real Estate Broker and the Seller of the property make no warranty or guarantee, actual or implied. Copyright 2024 Western Kentucky Regional MLS, Inc.
Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.
© 2024 of the REALTRACS MLS. All rights Reserved.