$3,266 Closing Credit*
$275,000
3 Beds
•2 Full Baths
Listing Office: The Southern Living Realty Group
Is Salvisa-McAfee, KY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2023
Since last year, Salvisa-McAfee has remained a Seller's Market.
Key Takeaway
Salvisa-McAfee is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Salvisa-McAfee, KY
How much do homes in Salvisa-McAfee, KY cost?
Median Sold Price
$353,450
$202/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2023
+$68,000(+23.8%)
Key Takeaway
Homes in Salvisa-McAfee have sold for 23.8% more than they did a year ago.
Summary: The median home sold price in Salvisa-McAfee was $353,450 in August 2024, up 23.8% from last year, and the median price per square foot was $202.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $250K | $122K | -51.2% |
| 3 Bedrooms | $292.4K | $327.3K | +11.9% |
| 4 Bedrooms | $356K | $432.5K | +21.5% |
| 5+ Bedrooms | $195K | $455K | +133.3% |
Summary: Salvisa-McAfee housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 51.2%, 3 bedroom homes increased by 11.9%, 4 bedroom homes increased by 21.5%, and 5+ bedroom homes increased by 133.3%.
Median Sold Price Compared To Nearby Cities
| Salvisa-McAfee | $285.4K | $353.4K | +23.8% |
| Salvisa | $281K | $327.3K | +16.5% |
| Southwest Anderson | $252K | $258K | +2.4% |
| South Woodford | $555K | $510K | -8.1% |
Housing Supply in Salvisa-McAfee, KY
How many homes are available in Salvisa-McAfee, KY?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 22 | 21 | -4.5% |
Summary: The Salvisa-McAfee real estate market had 21 homes for sale in August 2024, a 4.5% decrease compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 15 | 15 | 0.0% |
| 4 Bedrooms | 4 | 3 | -25.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Salvisa-McAfee housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 4 | 7 | +75.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Salvisa-McAfee, you could pay more than the asking price. 42.9% of homes here sold above asking price last month.
Summary: A total of 7 homes were sold or pending in Salvisa-McAfee in August 2024, up by 75.0% month-over-month. Of the 7 sold homes, 29% were sold under asking, 29% were sold at asking, and 43% 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
| Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|
| 32 Days | 23 Days | -26.8% |
Summary: Homes in Salvisa-McAfee had an average of 23 days on market in Aug 2024, down by 26.8% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Salvisa-McAfee are selling fast, if you're buying plan to act quickly.
Summary: During August 2024, 7 homes were sold in Salvisa-McAfee; 57% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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.