Is Bourbon County, KY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Bourbon County has remained a Seller's Market.
Housing Prices in Bourbon County, KY
How much do homes in Bourbon County, KY cost?
Median Sold Price
$225,000
$117/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Bourbon County was $225,000 in April 2024, up 12.5% from last year, and the median price per square foot was $117.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $42.6K | $135K | +216.9% |
2 Bedrooms | $130K | $163.5K | +25.8% |
3 Bedrooms | $195K | $219.5K | +12.6% |
4 Bedrooms | $270K | $284.9K | +5.5% |
5+ Bedrooms | $250K | $430K | +72.0% |
Summary: Bourbon County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 216.9%, 2 bedroom homes increased by 25.8%, 3 bedroom homes increased by 12.6%, 4 bedroom homes increased by 5.5%, and 5+ bedroom homes increased by 72%.
Median Sold Price Compared To Nearby Counties
Nicholas County | $129.9K | $161K | +23.9% |
Bourbon County | $200K | $225K | +12.5% |
Scott County | $281.1K | $310K | +10.3% |
Fayette County | $295.1K | $314.2K | +6.5% |
Harrison County | $191.5K | $197K | +2.9% |
Housing Supply in Bourbon County, KY
How many homes are available in Bourbon County, KY?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
53 | 59 | +11.3% |
Summary: The Bourbon County real estate market had 59 homes for sale in April 2024, a 11.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 1 | -50.0% |
2 Bedrooms | 8 | 12 | +50.0% |
3 Bedrooms | 27 | 29 | +7.4% |
4 Bedrooms | 11 | 12 | +9.1% |
5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Bourbon County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 7.4%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
12 | 19 | +58.3% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 19 homes were sold or pending in Bourbon County in April 2024, up by 58.3% month-over-month. Of the 19 sold homes, 53% were sold under asking, 26% were sold at asking, and 21% were sold over asking.
Days on Market for Bourbon County, KY
How long does it take to sell a home in Bourbon County, KY?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
25 Days | 29 Days | +14.3% |
Summary: Homes in Bourbon County had an average of 29 days on market in Apr 2024, up by 14.3% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 19 homes were sold in Bourbon County; 79% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.