Is Saint Matthews, 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, Saint Matthews has remained a Seller's Market.
Key Takeaway
Saint Matthews is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Saint Matthews, KY
How much do homes in Saint Matthews, KY cost?
Median Sold Price
$325,000
$214/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Saint Matthews have sold for 13.3% more than they did a year ago.
Summary: The median home sold price in Saint Matthews was $325,000 in March 2024, up 13.3% from last year, and the median price per square foot was $214.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $103.5K | $109.7K | +6.0% |
| 2 Bedrooms | $220K | $179.9K | -18.2% |
| 3 Bedrooms | $336.5K | $356.5K | +5.9% |
| 4 Bedrooms | $384.9K | $399K | +3.7% |
| 5+ Bedrooms | $460K | $450K | -2.2% |
Summary: Saint Matthews housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6%, 2 bedroom homes decreased by 18.2%, 3 bedroom homes increased by 5.9%, 4 bedroom homes increased by 3.7%, and 5+ bedroom homes decreased by 2.2%.
Median Sold Price Compared To Nearby Cities
| Saint Matthews | $286.7K | $325K | +13.3% |
| Richlawn | $352.4K | $372.4K | +5.7% |
Housing Supply in Saint Matthews, KY
How many homes are available in Saint Matthews, KY?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 61 | 52 | -14.8% |
Summary: The Saint Matthews real estate market had 52 homes for sale in March 2024, a 14.8% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 3 | -50.0% |
| 2 Bedrooms | 14 | 13 | -7.1% |
| 3 Bedrooms | 28 | 27 | -3.6% |
| 4 Bedrooms | 11 | 8 | -27.3% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Saint Matthews housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 7.1%, 3 bedroom homes decreased by 3.6%, 4 bedroom homes decreased by 27.3%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 20 | 15 | -25.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Saint Matthews, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 15 homes were sold or pending in Saint Matthews in March 2024, down by 25.0% month-over-month. Of the 15 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.
Days on Market for Saint Matthews, KY
We’re sorry, we don't have information for this market at the moment
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.