Is Rowan County, 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, Rowan County has remained a Seller's Market.
Housing Prices in Rowan County, KY
How much do homes in Rowan County, KY cost?
Median Sold Price
$212,250
$77/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Rowan County was $212,250 in April 2024, up 6.1% from last year, and the median price per square foot was $77.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $194.5K | $133K | -31.6% |
3 Bedrooms | $165K | $215K | +30.3% |
4 Bedrooms | $250K | $246.2K | -1.5% |
5+ Bedrooms | $303K | $461.7K | +52.4% |
Summary: Rowan County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 31.6%, 3 bedroom homes increased by 30.3%, 4 bedroom homes decreased by 1.5%, and 5+ bedroom homes increased by 52.4%.
Median Sold Price Compared To Nearby Counties
Rowan County | $200K | $212.2K | +6.1% |
Fleming County | $165K | $173.5K | +5.2% |
Bath County | $150K | $150K | 0.0% |
Housing Supply in Rowan County, KY
How many homes are available in Rowan County, KY?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
57 | 61 | +7.0% |
Summary: The Rowan County real estate market had 61 homes for sale in April 2024, a 7.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 11 | 8 | -27.3% |
3 Bedrooms | 30 | 30 | 0.0% |
4 Bedrooms | 10 | 15 | +50.0% |
5+ Bedrooms | 5 | 7 | +40.0% |
Summary: The Rowan County 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 decreased by 27.3%, 3 bedroom homes remained the same, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 40%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
15 | 13 | -13.3% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 13 homes were sold or pending in Rowan County in April 2024, down by 13.3% month-over-month. Of the 13 sold homes, 77% were sold under asking, 23% were sold at asking, and 0% were sold over asking.
Days on Market for Rowan County, KY
How long does it take to sell a home in Rowan County, KY?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
33 Days | 64 Days | +91.2% |
Summary: Homes in Rowan County had an average of 64 days on market in Apr 2024, up by 91.2% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During April 2024, 13 homes were sold in Rowan County; 15% of homes were sold within 30 days, 54% of homes were sold within 30 to 90 days, and 31% of homes were sold over 90 days.