Is Spencer 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, Spencer County was a Seller's Market.
Housing Prices in Spencer County, KY
How much do homes in Spencer County, KY cost?
Median Sold Price
$374,950
$227/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Spencer County was $374,950 in March 2024, up 7.3% from last year, and the median price per square foot was $227.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $190K | $295K | +55.3% |
3 Bedrooms | $293.7K | $335K | +14.0% |
4 Bedrooms | $405K | $428K | +5.7% |
5+ Bedrooms | $499.5K | $392.4K | -21.4% |
Summary: Spencer County 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 increased by 55.3%, 3 bedroom homes increased by 14%, 4 bedroom homes increased by 5.7%, and 5+ bedroom homes decreased by 21.4%.
Median Sold Price Compared To Nearby Counties
Spencer County | $349.5K | $374.9K | +7.3% |
Anderson County | $227.9K | $241.5K | +6.0% |
Nelson County | $240K | $253.8K | +5.8% |
Shelby County | $295K | $306.8K | +4.0% |
Bullitt County | $268.7K | $270.2K | +0.6% |
Housing Supply in Spencer County, KY
How many homes are available in Spencer County, KY?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
37 | 36 | -2.7% |
Summary: The Spencer County real estate market had 36 homes for sale in March 2024, a 2.7% 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 | 2 | 3 | +50.0% |
3 Bedrooms | 26 | 22 | -15.4% |
4 Bedrooms | 8 | 10 | +25.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Spencer 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 50%, 3 bedroom homes decreased by 15.4%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
8 | 6 | -25.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Spencer County in March 2024, down by 25.0% month-over-month. Of the 6 sold homes, 17% were sold under asking, 33% were sold at asking, and 50% were sold over asking.
Days on Market for Spencer County, KY
We’re sorry, we don't have information for this market at the moment