Is Garrard County, KY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Garrard County was a Seller's Market.
Housing Prices in Garrard County, KY
How much do homes in Garrard County, KY cost?
Median Sold Price
$254,500
$79/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Garrard County was $254,500 in March 2024, up 1.8% from last year, and the median price per square foot was $79.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $115K | $25K | -78.3% |
2 Bedrooms | $122.5K | $122.7K | 0.2% |
3 Bedrooms | $220K | $224K | +1.8% |
4 Bedrooms | $370K | $335K | -9.5% |
5+ Bedrooms | $402.5K | $545K | +35.4% |
Summary: Garrard County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 78.3%, 2 bedroom homes increased by 0.2%, 3 bedroom homes increased by 1.8%, 4 bedroom homes decreased by 9.5%, and 5+ bedroom homes increased by 35.4%.
Median Sold Price Compared To Nearby Counties
Jessamine County | $295K | $316.5K | +7.3% |
Madison County | $259.9K | $275.1K | +5.8% |
Lincoln County | $184.5K | $192.5K | +4.3% |
Garrard County | $250K | $254.5K | +1.8% |
Boyle County | $230K | $225K | -2.2% |
Housing Supply in Garrard County, KY
How many homes are available in Garrard County, KY?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
57 | 66 | +15.8% |
Summary: The Garrard County real estate market had 66 homes for sale in March 2024, a 15.8% increase 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 | 7 | 9 | +28.6% |
3 Bedrooms | 30 | 36 | +20.0% |
4 Bedrooms | 14 | 14 | 0.0% |
5+ Bedrooms | 6 | 7 | +16.7% |
Summary: The Garrard County 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 28.6%, 3 bedroom homes increased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
15 | 10 | -33.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in Garrard County in March 2024, down by 33.3% month-over-month. Of the 10 sold homes, 20% were sold under asking, 40% were sold at asking, and 40% were sold over asking.
Days on Market for Garrard County, KY
How long does it take to sell a home in Garrard County, KY?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
53 Days | 62 Days | +16.3% |
Summary: Homes in Garrard County had an average of 62 days on market in Mar 2024, up by 16.3% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 10 homes were sold in Garrard County; 40% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.