Is Versailles, 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, Versailles has remained a Seller's Market.
Housing Prices in Versailles, KY
How much do homes in Versailles, KY cost?
Median Sold Price
$339,500
$162/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Versailles was $339,500 in March 2024, up 10.9% from last year, and the median price per square foot was $162.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $110K | $280K | +154.5% |
2 Bedrooms | $186K | $165K | -11.3% |
3 Bedrooms | $265K | $280K | +5.7% |
4 Bedrooms | $385K | $419.5K | +9.0% |
5+ Bedrooms | $495.2K | $580K | +17.1% |
Summary: Versailles housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 154.5%, 2 bedroom homes decreased by 11.3%, 3 bedroom homes increased by 5.7%, 4 bedroom homes increased by 9%, and 5+ bedroom homes increased by 17.1%.
Housing Supply in Versailles, KY
How many homes are available in Versailles, KY?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
52 | 48 | -7.7% |
Summary: The Versailles real estate market had 48 homes for sale in March 2024, a 7.7% 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 | 1 | 2 | +100.0% |
3 Bedrooms | 27 | 24 | -11.1% |
4 Bedrooms | 19 | 15 | -21.1% |
5+ Bedrooms | 5 | 7 | +40.0% |
Summary: The Versailles 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 100%, 3 bedroom homes decreased by 11.1%, 4 bedroom homes decreased by 21.1%, and 5+ bedroom homes increased by 40%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
16 | 12 | -25.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 12 homes were sold or pending in Versailles in March 2024, down by 25.0% month-over-month. Of the 12 sold homes, 58% were sold under asking, 33% were sold at asking, and 8% were sold over asking.
Days on Market for Versailles, KY
How long does it take to sell a home in Versailles, KY?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
26 Days | 56 Days | +110.2% |
Summary: Homes in Versailles had an average of 56 days on market in Mar 2024, up by 110.2% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 12 homes were sold in Versailles; 33% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.