Is Paducah, 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, Paducah was a Buyer's Market.
Key Takeaway
Paducah is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Paducah, KY
How much do homes in Paducah, KY cost?
Median Sold Price
$201,285
$119/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Paducah have sold for 12.5% less than they did a year ago.
Summary: The median home sold price in Paducah was $201,285 in March 2024, down 12.5% from last year, and the median price per square foot was $119.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $117K | N/A |
| 2 Bedrooms | - | $105K | N/A |
| 3 Bedrooms | $164.5K | $195.7K | +19.0% |
| 4 Bedrooms | $350K | $305K | -12.9% |
| 5+ Bedrooms | $532.5K | $440K | -17.4% |
Summary: Paducah housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 19%, 4 bedroom homes decreased by 12.9%, and 5+ bedroom homes decreased by 17.4%.
Housing Supply in Paducah, KY
How many homes are available in Paducah, KY?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 222 | 222 | 0.0% |
Summary: The Paducah real estate market had 222 homes for sale in March 2024, the same as February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 45 | 39 | -13.3% |
| 3 Bedrooms | 107 | 108 | +0.9% |
| 4 Bedrooms | 54 | 56 | +3.7% |
| 5+ Bedrooms | 15 | 17 | +13.3% |
Summary: The Paducah housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 13.3%, 3 bedroom homes increased by 0.9%, 4 bedroom homes increased by 3.7%, and 5+ bedroom homes increased by 13.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 55 | 55 | 0.0% |
Asking Price vs. Sold Price
32 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Paducah, you may be able to get a good deal. 60.4% of homes here sold below asking price last month.
Summary: A total of 55 homes were sold or pending in Paducah in March 2024, the same as the previous month. Of the 53 sold homes, 60% were sold under asking, 23% were sold at asking, and 17% were sold over asking.
Days on Market for Paducah, KY
We’re sorry, we don't have information for this market at the moment
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.
Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.
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The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Lexington-Bluegrass Association of Realtors Multiple Listing Service. Real estate listings held by IDX Brokerage firms other than this broker, are marked with the IDX logo or the IDX thumbnail logo and detailed information about them includes the name of the listing IDX Brokers. Information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Listing(s) 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. © 2024 LBAR Multiple Listing Service. All rights reserved.
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.