Is Menifee 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, Menifee County was a Seller's Market.
Housing Prices in Menifee County, KY
How much do homes in Menifee County, KY cost?
Median Sold Price
$147,500
-
Based on all homes sold in the last 12 months.
Difference Since March 2023
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $120.5K | $82K | -32.0% |
2 Bedrooms | $125K | $140.5K | +12.4% |
3 Bedrooms | $160K | $176K | +10.0% |
4 Bedrooms | $172K | $380K | +120.9% |
5+ Bedrooms | - | $230K | N/A |
Summary: Menifee County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 32%, 2 bedroom homes increased by 12.4%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 120.9%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Counties
Powell County | $160K | $182K | +13.8% |
Bath County | $136.5K | $152.5K | +11.7% |
Menifee County | $139.9K | $147.5K | +5.4% |
Montgomery County | $205K | $212.5K | +3.7% |
Housing Supply in Menifee County, KY
How many homes are available in Menifee County, KY?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
34 | 42 | +23.5% |
Summary: The Menifee County real estate market had 42 homes for sale in March 2024, a 23.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 4 | 0.0% |
2 Bedrooms | 14 | 15 | +7.1% |
3 Bedrooms | 13 | 17 | +30.8% |
4 Bedrooms | 2 | 3 | +50.0% |
5+ Bedrooms | 1 | 3 | +200.0% |
Summary: The Menifee 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 7.1%, 3 bedroom homes increased by 30.8%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
4 | 1 | -75.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 1 homes were sold or pending in Menifee County in March 2024, down by 75.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for Menifee County, KY
How long does it take to sell a home in Menifee County, KY?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
60 Days | 37 Days | -38.3% |
Summary: Homes in Menifee County had an average of 37 days on market in Mar 2024, down by 38.3% compared to last year.
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
Summary: During March 2024, 1 homes were sold in Menifee County; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.