Is Shelby County, KY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Shelby County has remained a Seller's Market.
Housing Prices in Shelby County, KY
How much do homes in Shelby County, KY cost?
Median Sold Price
$306,833
$181/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Shelby County was $306,833 in March 2024, up 4% from last year, and the median price per square foot was $181.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $169K | $58.5K | -65.4% |
2 Bedrooms | $191.2K | $206.5K | +8.0% |
3 Bedrooms | $272.5K | $289.9K | +6.4% |
4 Bedrooms | $339.7K | $362K | +6.5% |
5+ Bedrooms | $550K | $632.5K | +15.0% |
Summary: Shelby County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 65.4%, 2 bedroom homes increased by 8%, 3 bedroom homes increased by 6.4%, 4 bedroom homes increased by 6.5%, and 5+ bedroom homes increased by 15%.
Median Sold Price Compared To Nearby Counties
Henry County | $215K | $232K | +7.9% |
Anderson County | $227.9K | $241.5K | +6.0% |
Franklin County | $224.8K | $235K | +4.5% |
Shelby County | $295K | $306.8K | +4.0% |
Oldham County | $385.7K | $399.9K | +3.7% |
Housing Supply in Shelby County, KY
How many homes are available in Shelby County, KY?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
140 | 139 | -0.7% |
Summary: The Shelby County real estate market had 139 homes for sale in March 2024, a 0.7% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 9 | 11 | +22.2% |
3 Bedrooms | 70 | 65 | -7.1% |
4 Bedrooms | 49 | 52 | +6.1% |
5+ Bedrooms | 12 | 11 | -8.3% |
Summary: The Shelby County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 22.2%, 3 bedroom homes decreased by 7.1%, 4 bedroom homes increased by 6.1%, and 5+ bedroom homes decreased by 8.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
36 | 37 | +2.8% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 37 homes were sold or pending in Shelby County in March 2024, up by 2.8% month-over-month. Of the 37 sold homes, 46% were sold under asking, 32% were sold at asking, and 22% were sold over asking.
Days on Market for Shelby County, KY
How long does it take to sell a home in Shelby County, KY?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
37 Days | 78 Days | +112.2% |
Summary: Homes in Shelby County had an average of 78 days on market in Mar 2024, up by 112.2% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 37 homes were sold in Shelby County; 3% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.