Is Paducah, 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, 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
$230,000
$126/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Key Takeaway
Homes in Paducah have sold for 21.1% more than they did a month ago.
Summary: The median home sold price in Paducah was $230,000 in April 2024, up 21.1% from last month, and the median price per square foot was $126.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $236.9K | N/A |
| 2 Bedrooms | $100.5K | $82K | -18.3% |
| 3 Bedrooms | $189.9K | $230K | +21.1% |
| 4 Bedrooms | $309.9K | $299.9K | -3.2% |
| 5+ Bedrooms | $320K | $422.9K | +32.2% |
Summary: Paducah housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 18.3%, 3 bedroom homes increased by 21.1%, 4 bedroom homes decreased by 3.2%, and 5+ bedroom homes increased by 32.2%.
Median Sold Price Compared To Nearby Cities
| Paducah | $189.9K | $230K | +21.1% |
| Grahamville-Heath | $229K | $270K | +17.9% |
| Camelia | $532.5K | $471.9K | -11.4% |
Housing Supply in Paducah, KY
How many homes are available in Paducah, KY?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 216 | 229 | +6.0% |
Summary: The Paducah real estate market had 229 homes for sale in April 2024, a 6.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 4 | +33.3% |
| 2 Bedrooms | 36 | 34 | -5.6% |
| 3 Bedrooms | 106 | 111 | +4.7% |
| 4 Bedrooms | 54 | 61 | +13.0% |
| 5+ Bedrooms | 17 | 19 | +11.8% |
Summary: The Paducah housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes decreased by 5.6%, 3 bedroom homes increased by 4.7%, 4 bedroom homes increased by 13%, and 5+ bedroom homes increased by 11.8%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 57 | 56 | -1.8% |
Asking Price vs. Sold Price
29 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Paducah, you may be able to get a good deal. 52.7% of homes here sold below asking price last month.
Summary: A total of 56 homes were sold or pending in Paducah in April 2024, down by 1.8% month-over-month. Of the 55 sold homes, 53% were sold under asking, 22% were sold at asking, and 25% were sold over asking.
Days on Market for Paducah, KY
We’re sorry, we don't have information for this market at the moment
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.
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The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Lexington-Bluegrass Association of Realtors Multiple Listing Service. Real estate listings held by IDX Brokerage firms other than this broker, are marked with the IDX logo or the IDX thumbnail logo and detailed information about them includes the name of the listing IDX Brokers. Information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Listing(s) information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. © 2024 LBAR Multiple Listing Service. All rights reserved.
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of Metro Search Multiple Listing Service. Real estate listings held by other Brokerage firms are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about them includes the name of the listing IDX Brokers. The Broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright © 2024 Greater Louisville Association of Realtors. All Rights Reserved.