Is Washington County, KY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Washington County is a buyer's market

Buyer's
Market

Difference Since September 2023

At the same time last year, Washington County was a Seller's Market.

Key Takeaway

Washington County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Washington County, KY

How much do homes in Washington County, KY cost?

Median Sold Price

$215,000

$152/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

-$3,850(-1.8%)

Key Takeaway

Homes in Washington County have sold for 1.8% less than they did a year ago.

Summary: The median home sold price in Washington County was $215,000 in September 2024, down 1.8% from last year, and the median price per square foot was $152.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $176.2K$68K
-61.4%
2 $152K$142K
-6.6%
3 $223K$227K
+1.8%
4 $256.3K$315K
+22.9%
5+ -$354.7K
N/A

Summary: Washington County housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 61.4%, 2 bedroom homes decreased by 6.6%, 3 bedroom homes increased by 1.8%, 4 bedroom homes increased by 22.9%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Counties

Anderson County
+10.0%
Nelson County
+6.2%
Mercer County
+3.3%
Washington County
-1.8%

Housing Supply in Washington County, KY

How many homes are available in Washington County, KY?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
4445+2.3%

Summary: The Washington County real estate market had 45 homes for sale in September 2024, a 2.3% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 01
+100.0%
2 54
-20.0%
3 2526
+4.0%
4 1214
+16.7%
5+ 20
-100.0%

Summary: The Washington County housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 20%, 3 bedroom homes increased by 4%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes decreased by 100%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
65-16.7%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Washington County, you may be able to get a good deal. 40% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Washington County in September 2024, down by 16.7% month-over-month. Of the 5 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.

Days on Market for Washington County, KY

How long does it take to sell a home in Washington County, KY?

Average Sale Time

Sep 2023Sep 2024CHANGE
1 Day172 Days+17100.0%

Summary: Homes in Washington County had an average of 172 days on market in Sep 2024, up by 17100% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Washington County are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During September 2024, 5 homes were sold in Washington County; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 30 Days Ago

Newest Listings in Washington County, KY

Nearby Markets to Washington County, KY

What housing markets are near Washington County, KY?