Is Hopkinsville, 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, Hopkinsville has remained a Seller's Market.
Key Takeaway
Hopkinsville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Hopkinsville, KY
How much do homes in Hopkinsville, KY cost?
Median Sold Price
$215,000
$137/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Hopkinsville have sold for 7.7% more than they did a year ago.
Summary: The median home sold price in Hopkinsville was $215,000 in May 2024, up 7.7% from last year, and the median price per square foot was $137.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $94.9K | $90K | -5.2% |
| 2 Bedrooms | $117.5K | $108K | -8.1% |
| 3 Bedrooms | $198.2K | $215K | +8.4% |
| 4 Bedrooms | $237.5K | $267.6K | +12.7% |
| 5+ Bedrooms | $317.5K | $304K | -4.3% |
Summary: Hopkinsville housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.2%, 2 bedroom homes decreased by 8.1%, 3 bedroom homes increased by 8.4%, 4 bedroom homes increased by 12.7%, and 5+ bedroom homes decreased by 4.3%.
Median Sold Price Compared To Nearby Cities
| Oak Grove | $190K | $218K | +14.7% |
| Oak Grove-Pembroke | $189.9K | $212K | +11.6% |
| Hopkinsville | $199.7K | $215K | +7.7% |
Housing Supply in Hopkinsville, KY
How many homes are available in Hopkinsville, KY?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 116 | 121 | +4.3% |
Summary: The Hopkinsville real estate market had 121 homes for sale in May 2024, a 4.3% 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 | 10 | 15 | +50.0% |
| 3 Bedrooms | 57 | 61 | +7.0% |
| 4 Bedrooms | 41 | 38 | -7.3% |
| 5+ Bedrooms | 8 | 7 | -12.5% |
Summary: The Hopkinsville 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 increased by 50%, 3 bedroom homes increased by 7%, 4 bedroom homes decreased by 7.3%, and 5+ bedroom homes decreased by 12.5%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 30 | 26 | -13.3% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hopkinsville, expect to pay close to the asking price. 40% of homes here sold near the asking price last month.
Summary: A total of 26 homes were sold or pending in Hopkinsville in May 2024, down by 13.3% month-over-month. Of the 25 sold homes, 28% were sold under asking, 40% were sold at asking, and 32% were sold over asking.
Days on Market for Hopkinsville, KY
How long does it take to sell a home in Hopkinsville, KY?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 15 Days | 28 Days | +81.9% |
Summary: Homes in Hopkinsville had an average of 28 days on market in May 2024, up by 81.9% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Hopkinsville are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 26 homes were sold in Hopkinsville; 65% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.
Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.
© 2024 of the REALTRACS MLS. All rights Reserved. 
Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Listings displayed are the property of the Western Kentucky Regional MLS (WKMLS) and provided here for consumer's personal, non-commercial use, and may not be used for any purposes other than to identify prospective properties consumers may be interested in purchasing. Each potential buyer is responsible for conducting his or her own independent inspections,investigations, measurements, inquiries and due diligence concerning the property. Although all information contained herein is believed to be accurate, the Real Estate Broker and the Seller of the property make no warranty or guarantee, actual or implied. Copyright 2024 Western Kentucky Regional MLS, Inc.
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of Metro Search Multiple Listing Service. Real estate listings held by other Brokerage firms are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about them includes the name of the listing IDX Brokers. The Broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright © 2024 Greater Louisville Association of Realtors. All Rights Reserved.