Is London, KY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, London was a Seller's Market.
Housing Prices in London, KY
How much do homes in London, KY cost?
Median Sold Price
$221,166
$112/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in London was $221,166 in April 2024, up 9.9% from last year, and the median price per square foot was $112.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $79.9K | $151.8K | +90.1% |
2 Bedrooms | $130K | $150K | +15.4% |
3 Bedrooms | $195K | $210K | +7.7% |
4 Bedrooms | $295K | $279K | -5.4% |
5+ Bedrooms | $336K | $340K | +1.2% |
Summary: London housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 90.1%, 2 bedroom homes increased by 15.4%, 3 bedroom homes increased by 7.7%, 4 bedroom homes decreased by 5.4%, and 5+ bedroom homes increased by 1.2%.
Housing Supply in London, KY
How many homes are available in London, KY?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
124 | 140 | +12.9% |
Summary: The London real estate market had 140 homes for sale in April 2024, a 12.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 13 | 15 | +15.4% |
3 Bedrooms | 73 | 85 | +16.4% |
4 Bedrooms | 26 | 28 | +7.7% |
5+ Bedrooms | 10 | 10 | 0.0% |
Summary: The London housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 15.4%, 3 bedroom homes increased by 16.4%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
24 | 21 | -12.5% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 21 homes were sold or pending in London in April 2024, down by 12.5% month-over-month. Of the 21 sold homes, 62% were sold under asking, 24% were sold at asking, and 14% were sold over asking.
Days on Market for London, KY
How long does it take to sell a home in London, KY?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
80 Days | 71 Days | -11.8% |
Summary: Homes in London had an average of 71 days on market in Apr 2024, down by 11.8% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During April 2024, 21 homes were sold in London; 52% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.