Is Mill Springs, KY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Mill Springs has remained a Seller's Market.
Housing Prices in Mill Springs, KY
How much do homes in Mill Springs, KY cost?
Median Sold Price
$232,000
-
Based on all homes sold in the last 12 months.
Difference Since April 2023
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $160K | N/A |
2 Bedrooms | $100K | $215K | +115.0% |
3 Bedrooms | $199K | $184.5K | -7.3% |
4 Bedrooms | $323.5K | $323.7K | 0.1% |
5+ Bedrooms | $305K | $362.5K | +18.9% |
Summary: Mill Springs housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 115%, 3 bedroom homes decreased by 7.3%, 4 bedroom homes increased by 0.1%, and 5+ bedroom homes increased by 18.9%.
Housing Supply in Mill Springs, KY
How many homes are available in Mill Springs, KY?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
19 | 19 | 0.0% |
Summary: The Mill Springs real estate market had 19 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 2 | 0.0% |
3 Bedrooms | 10 | 8 | -20.0% |
4 Bedrooms | 3 | 5 | +66.7% |
5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Mill Springs housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 20%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
5 | 4 | -20.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Mill Springs in April 2024, down by 20.0% 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 Mill Springs, KY
How long does it take to sell a home in Mill Springs, KY?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
100 Days | 52 Days | -47.8% |
Summary: Homes in Mill Springs had an average of 52 days on market in Apr 2024, down by 47.8% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 4 homes were sold in Mill Springs; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.