Is Cynthiana, KY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Cynthiana has remained a Seller's Market.
Housing Prices in Cynthiana, KY
How much do homes in Cynthiana, KY cost?
Median Sold Price
$199,500
-
Based on all homes sold in the last 12 months.
Difference Since May 2023
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $51K | $125K | +145.1% |
2 Bedrooms | $130K | $120K | -7.7% |
3 Bedrooms | $188.5K | $239K | +26.8% |
4 Bedrooms | $259.5K | $265K | +2.1% |
5+ Bedrooms | $200K | $374.9K | +87.5% |
Summary: Cynthiana housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 145.1%, 2 bedroom homes decreased by 7.7%, 3 bedroom homes increased by 26.8%, 4 bedroom homes increased by 2.1%, and 5+ bedroom homes increased by 87.5%.
Housing Supply in Cynthiana, KY
How many homes are available in Cynthiana, KY?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
35 | 38 | +8.6% |
Summary: The Cynthiana real estate market had 38 homes for sale in May 2024, a 8.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 6 | 2 | -66.7% |
3 Bedrooms | 19 | 23 | +21.1% |
4 Bedrooms | 9 | 12 | +33.3% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Cynthiana housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 66.7%, 3 bedroom homes increased by 21.1%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
7 | 9 | +28.6% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Cynthiana in May 2024, up by 28.6% month-over-month. Of the 9 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for Cynthiana, KY
How long does it take to sell a home in Cynthiana, KY?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
39 Days | 56 Days | +44.2% |
Summary: Homes in Cynthiana had an average of 56 days on market in May 2024, up by 44.2% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 9 homes were sold in Cynthiana; 44% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.