Is Rowan County, 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, Rowan County has remained a Seller's Market.
Housing Prices in Rowan County, KY
How much do homes in Rowan County, KY cost?
Median Sold Price
$210,000
$77/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Rowan County was $210,000 in March 2024, up 5.4% from last year, and the median price per square foot was $77.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $239K | $126K | -47.3% |
3 Bedrooms | $165K | $212.2K | +28.6% |
4 Bedrooms | $250K | $281K | +12.4% |
5+ Bedrooms | $303K | $451K | +48.8% |
Summary: Rowan County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 47.3%, 3 bedroom homes increased by 28.6%, 4 bedroom homes increased by 12.4%, and 5+ bedroom homes increased by 48.8%.
Median Sold Price Compared To Nearby Counties
Bath County | $136.5K | $152.5K | +11.7% |
Fleming County | $161K | $170.5K | +5.9% |
Rowan County | $199.2K | $210K | +5.4% |
Housing Supply in Rowan County, KY
How many homes are available in Rowan County, KY?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
53 | 55 | +3.8% |
Summary: The Rowan County real estate market had 55 homes for sale in March 2024, a 3.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 8 | 11 | +37.5% |
3 Bedrooms | 29 | 29 | 0.0% |
4 Bedrooms | 11 | 9 | -18.2% |
5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Rowan County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 37.5%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 18.2%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
6 | 15 | +150.0% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 15 homes were sold or pending in Rowan County in March 2024, up by 150.0% month-over-month. Of the 15 sold homes, 87% were sold under asking, 0% were sold at asking, and 13% were sold over asking.
Days on Market for Rowan County, KY
How long does it take to sell a home in Rowan County, KY?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
55 Days | 63 Days | +13.1% |
Summary: Homes in Rowan County had an average of 63 days on market in Mar 2024, up by 13.1% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During March 2024, 15 homes were sold in Rowan County; 40% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.