Is West Spencer, KY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, West Spencer has remained a Seller's Market.
Housing Prices in West Spencer, KY
How much do homes in West Spencer, KY cost?
Median Sold Price
$410,000
$243/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in West Spencer was $410,000 in May 2024, down 2.6% from last year, and the median price per square foot was $243.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | $523.5K | N/A |
3 Bedrooms | $376K | $360K | -4.3% |
4 Bedrooms | $453K | $452K | -0.2% |
5+ Bedrooms | $560K | $547.5K | -2.2% |
Summary: West Spencer housing prices by bedroom type for May 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 decreased by 4.3%, 4 bedroom homes decreased by 0.2%, and 5+ bedroom homes decreased by 2.2%.
Median Sold Price Compared To Nearby Cities
Fisherville | $527K | $564.9K | +7.2% |
Floyds Fork | $460.8K | $462.5K | 0.3% |
Coxs Creek | $285K | $280K | -1.8% |
West Spencer | $421K | $410K | -2.6% |
Housing Supply in West Spencer, KY
How many homes are available in West Spencer, KY?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
35 | 40 | +14.3% |
Summary: The West Spencer real estate market had 40 homes for sale in May 2024, a 14.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 2 | +100.0% |
3 Bedrooms | 24 | 27 | +12.5% |
4 Bedrooms | 9 | 9 | 0.0% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The West Spencer housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 12.5%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
9 | 16 | +77.8% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 16 homes were sold or pending in West Spencer in May 2024, up by 77.8% month-over-month. Of the 16 sold homes, 69% were sold under asking, 19% were sold at asking, and 13% were sold over asking.
Days on Market for West Spencer, KY
We’re sorry, we don't have information for this market at the moment