Is Scott County, 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, Scott County was a Seller's Market.
Housing Prices in Scott County, KY
How much do homes in Scott County, KY cost?
Median Sold Price
$305,000
$195/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Scott County was $305,000 in March 2024, up 8.9% from last year, and the median price per square foot was $195.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $110K | $92.5K | -15.9% |
2 Bedrooms | $189.9K | $235.5K | +24.0% |
3 Bedrooms | $254K | $274.4K | +8.0% |
4 Bedrooms | $365K | $394.3K | +8.0% |
5+ Bedrooms | $478K | $497.4K | +4.1% |
Summary: Scott County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 15.9%, 2 bedroom homes increased by 24%, 3 bedroom homes increased by 8%, 4 bedroom homes increased by 8%, and 5+ bedroom homes increased by 4.1%.
Median Sold Price Compared To Nearby Counties
Bourbon County | $195K | $229K | +17.4% |
Woodford County | $300.5K | $341.5K | +13.6% |
Scott County | $279.9K | $305K | +8.9% |
Harrison County | $190K | $200K | +5.3% |
Fayette County | $295K | $310.5K | +5.3% |
Housing Supply in Scott County, KY
How many homes are available in Scott County, KY?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
302 | 325 | +7.6% |
Summary: The Scott County real estate market had 325 homes for sale in March 2024, a 7.6% 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 | 15 | 16 | +6.7% |
3 Bedrooms | 174 | 184 | +5.7% |
4 Bedrooms | 90 | 101 | +12.2% |
5+ Bedrooms | 22 | 23 | +4.5% |
Summary: The Scott 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 6.7%, 3 bedroom homes increased by 5.7%, 4 bedroom homes increased by 12.2%, and 5+ bedroom homes increased by 4.5%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
49 | 51 | +4.1% |
Asking Price vs. Sold Price
26 Homes Were Sold
Under Asking
15 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 51 homes were sold or pending in Scott County in March 2024, up by 4.1% month-over-month. Of the 51 sold homes, 51% were sold under asking, 29% were sold at asking, and 20% were sold over asking.
Days on Market for Scott County, KY
How long does it take to sell a home in Scott County, KY?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
50 Days | 35 Days | -31.2% |
Summary: Homes in Scott County had an average of 35 days on market in Mar 2024, down by 31.2% compared to last year.
Breakdown of Home Sale Times
33 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During March 2024, 51 homes were sold in Scott County; 65% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.