Is Prospect, 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, Prospect has remained a Seller's Market.
Housing Prices in Prospect, KY
How much do homes in Prospect, KY cost?
Median Sold Price
$649,450
$225/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Prospect was $649,450 in April 2024, down 0.1% from last year, and the median price per square foot was $225.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $147K | $125K | -15.0% |
2 Bedrooms | $243K | $291.2K | +19.8% |
3 Bedrooms | $560K | $565K | +0.9% |
4 Bedrooms | $648.2K | $695K | +7.2% |
5+ Bedrooms | $867.5K | $943.7K | +8.8% |
Summary: Prospect housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 15%, 2 bedroom homes increased by 19.8%, 3 bedroom homes increased by 0.9%, 4 bedroom homes increased by 7.2%, and 5+ bedroom homes increased by 8.8%.
Median Sold Price Compared To Nearby Cities
Prospect | $650.1K | $649.4K | -0.1% |
Prospect | $655K | $649.4K | -0.8% |
Green Spring | $450.2K | $445K | -1.2% |
Housing Supply in Prospect, KY
How many homes are available in Prospect, KY?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
108 | 98 | -9.3% |
Summary: The Prospect real estate market had 98 homes for sale in April 2024, a 9.3% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 0 | -100.0% |
2 Bedrooms | 16 | 14 | -12.5% |
3 Bedrooms | 32 | 26 | -18.8% |
4 Bedrooms | 31 | 28 | -9.7% |
5+ Bedrooms | 27 | 30 | +11.1% |
Summary: The Prospect housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 12.5%, 3 bedroom homes decreased by 18.8%, 4 bedroom homes decreased by 9.7%, and 5+ bedroom homes increased by 11.1%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
30 | 23 | -23.3% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 23 homes were sold or pending in Prospect in April 2024, down by 23.3% month-over-month. Of the 23 sold homes, 61% were sold under asking, 17% were sold at asking, and 22% were sold over asking.
Days on Market for Prospect, KY
We’re sorry, we don't have information for this market at the moment