Is Paducah, KY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Paducah is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Paducah has remained a Seller's Market.

Key Takeaway

Paducah is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Paducah, KY

How much do homes in Paducah, KY cost?

Median Sold Price

$206,750

$119/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$16,750(+8.8%)

Key Takeaway

Homes in Paducah have sold for 8.8% more than they did a year ago.

Summary: The median home sold price in Paducah was $206,750 in May 2024, up 8.8% from last year, and the median price per square foot was $119.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $167K$117K
-29.9%
2 $140K$92.5K
-33.9%
3 $180K$200K
+11.1%
4 $329.9K$303.2K
-8.1%
5+ $541.5K$422.9K
-21.9%

Summary: Paducah housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 29.9%, 2 bedroom homes decreased by 33.9%, 3 bedroom homes increased by 11.1%, 4 bedroom homes decreased by 8.1%, and 5+ bedroom homes decreased by 21.9%.

Housing Supply in Paducah, KY

How many homes are available in Paducah, KY?

Number of Homes For Sale

Apr 2024May 2024CHANGE
220227+3.2%

Summary: The Paducah real estate market had 227 homes for sale in May 2024, a 3.2% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 44
0.0%
2 3332
-3.0%
3 109109
0.0%
4 5761
+7.0%
5+ 1721
+23.5%

Summary: The Paducah housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 3%, 3 bedroom homes remained the same, 4 bedroom homes increased by 7%, and 5+ bedroom homes increased by 23.5%.

Number of Homes Sold

Apr 2024May 2024CHANGE
5557+3.6%

Asking Price vs. Sold Price

28 Homes Were Sold
Under Asking

11 Homes Were Sold
At Asking

14 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Paducah, you may be able to get a good deal. 52.8% of homes here sold below asking price last month.

Summary: A total of 57 homes were sold or pending in Paducah in May 2024, up by 3.6% month-over-month. Of the 53 sold homes, 53% were sold under asking, 21% were sold at asking, and 26% were sold over asking.

Days on Market for Paducah, KY

We’re sorry, we don't have information for this market at the moment

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

Newest Listings in Paducah, KY

Nearby Markets to Paducah, KY

What housing markets are near Paducah, KY?