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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Princeton is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, Princeton was a Buyer's Market.

Key Takeaway

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

Housing Prices in Princeton, KY

How much do homes in Princeton, KY cost?

Median Sold Price

$245,000

$148/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$30,000(+14.0%)

Key Takeaway

Homes in Princeton have sold for 14% more than they did a month ago.

Summary: The median home sold price in Princeton was $245,000 in November 2024, up 14% from last month, and the median price per square foot was $148.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 $136K-
N/A
3 $255K$245K
-3.9%
4 -$228.5K
N/A
5+ --
N/A

Summary: Princeton housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 3.9%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Princeton, KY

How many homes are available in Princeton, KY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2427+12.5%

Summary: The Princeton real estate market had 27 homes for sale in November 2024, a 12.5% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 55
0.0%
3 1215
+25.0%
4 77
0.0%
5+ 00
0.0%

Summary: The Princeton housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
36+100.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Princeton, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in Princeton in November 2024, up by 100.0% month-over-month. Of the 6 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.

Days on Market for Princeton, KY

How long does it take to sell a home in Princeton, KY?

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Princeton are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 6 homes were sold in Princeton; 17% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

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

Report Updated 4 Days Ago

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