Is South Woodford, 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, South Woodford has remained a Seller's Market.
Key Takeaway
South Woodford is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in South Woodford, KY
How much do homes in South Woodford, KY cost?
Median Sold Price
$425,000
-
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in South Woodford have sold for 16.7% less than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $480K | $255.9K | -46.7% |
| 3 Bedrooms | $386.7K | $377.5K | -2.4% |
| 4 Bedrooms | $589.5K | $590K | 0.1% |
| 5+ Bedrooms | $797.5K | $598K | -25.0% |
Summary: South Woodford 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 46.7%, 3 bedroom homes decreased by 2.4%, 4 bedroom homes increased by 0.1%, and 5+ bedroom homes decreased by 25%.
Median Sold Price Compared To Nearby Cities
| Keene | $860K | $920K | +7.0% |
| Lexington-Fayette Southwest | $326.7K | $341.5K | +4.6% |
| Salvisa-McAfee | $281K | $241K | -14.2% |
| South Woodford | $510K | $425K | -16.7% |
Housing Supply in South Woodford, KY
How many homes are available in South Woodford, KY?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 9 | 8 | -11.1% |
Summary: The South Woodford real estate market had 8 homes for sale in March 2024, a 11.1% decrease 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 | 5 | 4 | -20.0% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The South Woodford 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 decreased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 0 | 2 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in South Woodford, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in South Woodford in March 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for South Woodford, KY
How long does it take to sell a home in South Woodford, KY?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 19 Days | 57 Days | +189.8% |
Summary: Homes in South Woodford had an average of 57 days on market in Mar 2024, up by 189.8% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in South Woodford has remained consistent over time.
Summary: During March 2024, 2 homes were sold in South Woodford; 0% of homes were sold within 30 days, 100% 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.