Is McCreary County, 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, McCreary County has remained a Seller's Market.
Housing Prices in McCreary County, KY
How much do homes in McCreary County, KY cost?
Median Sold Price
$151,000
$88/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in McCreary County was $151,000 in May 2024, up 2% from last year, and the median price per square foot was $88.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $125K | $116K | -7.2% |
2 Bedrooms | $146K | $125K | -14.4% |
3 Bedrooms | $139K | $146.5K | +5.4% |
4 Bedrooms | $172.5K | $275K | +59.4% |
5+ Bedrooms | $230K | $338K | +47.0% |
Summary: McCreary County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.2%, 2 bedroom homes decreased by 14.4%, 3 bedroom homes increased by 5.4%, 4 bedroom homes increased by 59.4%, and 5+ bedroom homes increased by 47%.
Median Sold Price Compared To Nearby Counties
Pulaski County | $220K | $236K | +7.3% |
Wayne County | $175K | $181.5K | +3.7% |
Whitley County | $189K | $195K | +3.2% |
McCreary County | $148K | $151K | +2.0% |
Laurel County | $206.1K | $207.3K | +0.6% |
Housing Supply in McCreary County, KY
How many homes are available in McCreary County, KY?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
44 | 45 | +2.3% |
Summary: The McCreary County real estate market had 45 homes for sale in May 2024, a 2.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 3 | 0.0% |
2 Bedrooms | 10 | 10 | 0.0% |
3 Bedrooms | 17 | 19 | +11.8% |
4 Bedrooms | 12 | 11 | -8.3% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The McCreary County 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 remained the same, 3 bedroom homes increased by 11.8%, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
7 | 8 | +14.3% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in McCreary County in May 2024, up by 14.3% month-over-month. Of the 8 sold homes, 88% were sold under asking, 13% were sold at asking, and 0% were sold over asking.
Days on Market for McCreary County, KY
How long does it take to sell a home in McCreary County, KY?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
45 Days | 77 Days | +69.0% |
Summary: Homes in McCreary County had an average of 77 days on market in May 2024, up by 69% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 8 homes were sold in McCreary County; 25% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.