Is Nicholasville, KY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Nicholasville has remained a Seller's Market.
Housing Prices in Nicholasville, KY
How much do homes in Nicholasville, KY cost?
Median Sold Price
$320,523
$161/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Nicholasville was $320,523 in March 2024, up 6.9% from last year, and the median price per square foot was $161.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $45K | $191K | +324.4% |
2 Bedrooms | $158.7K | $175K | +10.2% |
3 Bedrooms | $250K | $272.5K | +9.0% |
4 Bedrooms | $403.8K | $470K | +16.4% |
5+ Bedrooms | $605.5K | $675.1K | +11.5% |
Summary: Nicholasville housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 324.4%, 2 bedroom homes increased by 10.2%, 3 bedroom homes increased by 9%, 4 bedroom homes increased by 16.4%, and 5+ bedroom homes increased by 11.5%.
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 Southeast | $264.9K | $278.7K | +5.2% |
Lexington-Fayette Southwest | $326.7K | $341.5K | +4.6% |
Housing Supply in Nicholasville, KY
How many homes are available in Nicholasville, KY?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
127 | 145 | +14.2% |
Summary: The Nicholasville real estate market had 145 homes for sale in March 2024, a 14.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 7 | 3 | -57.1% |
3 Bedrooms | 56 | 68 | +21.4% |
4 Bedrooms | 44 | 49 | +11.4% |
5+ Bedrooms | 20 | 24 | +20.0% |
Summary: The Nicholasville housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 57.1%, 3 bedroom homes increased by 21.4%, 4 bedroom homes increased by 11.4%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
28 | 26 | -7.1% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 26 homes were sold or pending in Nicholasville in March 2024, down by 7.1% month-over-month. Of the 26 sold homes, 50% were sold under asking, 35% were sold at asking, and 15% were sold over asking.
Days on Market for Nicholasville, KY
How long does it take to sell a home in Nicholasville, KY?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
32 Days | 27 Days | -15.2% |
Summary: Homes in Nicholasville had an average of 27 days on market in Mar 2024, down by 15.2% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 26 homes were sold in Nicholasville; 65% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.