Is Salvisa-McAfee, KY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Salvisa-McAfee was a Seller's Market.
Housing Prices in Salvisa-McAfee, KY
How much do homes in Salvisa-McAfee, KY cost?
Median Sold Price
$241,000
$128/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Salvisa-McAfee was $241,000 in March 2024, down 14.2% from last year, and the median price per square foot was $128.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $50K | - | N/A |
2 Bedrooms | $253K | $207K | -18.2% |
3 Bedrooms | $281.9K | $234K | -17.0% |
4 Bedrooms | $295K | $450K | +52.5% |
5+ Bedrooms | - | $317.5K | N/A |
Summary: Salvisa-McAfee 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 18.2%, 3 bedroom homes decreased by 17%, 4 bedroom homes increased by 52.5%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Salvisa-McAfee | $281K | $241K | -14.2% |
South Woodford | $510K | $425K | -16.7% |
Housing Supply in Salvisa-McAfee, KY
How many homes are available in Salvisa-McAfee, KY?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
22 | 26 | +18.2% |
Summary: The Salvisa-McAfee real estate market had 26 homes for sale in March 2024, a 18.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 0 | 0.0% |
3 Bedrooms | 17 | 20 | +17.6% |
4 Bedrooms | 5 | 6 | +20.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Salvisa-McAfee 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 remained the same, 3 bedroom homes increased by 17.6%, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
3 | 4 | +33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Salvisa-McAfee in March 2024, up by 33.3% month-over-month. Of the 4 sold homes, 25% were sold under asking, 50% were sold at asking, and 25% were sold over asking.
Days on Market for Salvisa-McAfee, KY
How long does it take to sell a home in Salvisa-McAfee, KY?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
34 Days | 77 Days | +123.7% |
Summary: Homes in Salvisa-McAfee had an average of 77 days on market in Mar 2024, up by 123.7% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 4 homes were sold in Salvisa-McAfee; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.