Is District 5, 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, District 5 has remained a Seller's Market.
Housing Prices in District 5, KY
How much do homes in District 5, KY cost?
Median Sold Price
$430,812
$159/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in District 5 was $430,812 in April 2024, down 5% from last year, and the median price per square foot was $159.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $153.6K | $179K | +16.5% |
2 Bedrooms | $220K | $244.7K | +11.3% |
3 Bedrooms | $405K | $385K | -4.9% |
4 Bedrooms | $631K | $625K | -1.0% |
5+ Bedrooms | $850K | $849.9K | 0% |
Summary: District 5 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 16.5%, 2 bedroom homes increased by 11.3%, 3 bedroom homes decreased by 4.9%, 4 bedroom homes decreased by 1%, and 5+ bedroom homes did not change.
Housing Supply in District 5, KY
How many homes are available in District 5, KY?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
83 | 87 | +4.8% |
Summary: The District 5 real estate market had 87 homes for sale in April 2024, a 4.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 2 | -33.3% |
2 Bedrooms | 20 | 13 | -35.0% |
3 Bedrooms | 30 | 33 | +10.0% |
4 Bedrooms | 24 | 28 | +16.7% |
5+ Bedrooms | 6 | 11 | +83.3% |
Summary: The District 5 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 35%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 83.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
26 | 24 | -7.7% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 24 homes were sold or pending in District 5 in April 2024, down by 7.7% month-over-month. Of the 24 sold homes, 54% were sold under asking, 33% were sold at asking, and 13% were sold over asking.
Days on Market for District 5, KY
How long does it take to sell a home in District 5, KY?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
10 Days | 19 Days | +83.3% |
Summary: Homes in District 5 had an average of 19 days on market in Apr 2024, up by 83.3% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 24 homes were sold in District 5; 75% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.