Is Rowan County, KY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Rowan County was a Neutral Market.
Key Takeaway
Rowan County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
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 May 2023
Key Takeaway
Homes in Rowan County have sold for 4.8% more than they did a year ago.
Summary: The median home sold price in Rowan County was $212,250 in May 2024, up 4.8% from last year, and the median price per square foot was $77.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $194.5K | $133K | -31.6% |
| 3 Bedrooms | $172.7K | $215K | +24.5% |
| 4 Bedrooms | $250K | $226.4K | -9.4% |
| 5+ Bedrooms | $191K | $472.5K | +147.4% |
Summary: Rowan County 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 decreased by 31.6%, 3 bedroom homes increased by 24.5%, 4 bedroom homes decreased by 9.4%, and 5+ bedroom homes increased by 147.4%.
Median Sold Price Compared To Nearby Counties
| Fleming County | $152.7K | $174.2K | +14.1% |
| Rowan County | $202.5K | $212.2K | +4.8% |
| Bath County | $146K | $152K | +4.1% |
Housing Supply in Rowan County, KY
How many homes are available in Rowan County, KY?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 56 | 57 | +1.8% |
Summary: The Rowan County real estate market had 57 homes for sale in May 2024, a 1.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 7 | 9 | +28.6% |
| 3 Bedrooms | 29 | 27 | -6.9% |
| 4 Bedrooms | 13 | 11 | -15.4% |
| 5+ Bedrooms | 6 | 8 | +33.3% |
Summary: The Rowan County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 28.6%, 3 bedroom homes decreased by 6.9%, 4 bedroom homes decreased by 15.4%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 13 | 13 | 0.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Rowan County, you may be able to get a good deal. 61.5% of homes here sold below asking price last month.
Summary: A total of 13 homes were sold or pending in Rowan County in May 2024, the same as the previous month. Of the 13 sold homes, 62% were sold under asking, 23% were sold at asking, and 15% 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
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 20 Days | 27 Days | +34.8% |
Summary: Homes in Rowan County had an average of 27 days on market in May 2024, up by 34.8% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Rowan County are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 13 homes were sold in Rowan County; 77% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Lexington-Bluegrass Association of Realtors Multiple Listing Service. Real estate listings held by IDX Brokerage firms other than this broker, are marked with the IDX logo or the IDX thumbnail logo and detailed information about them includes the name of the listing IDX Brokers. Information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Listing(s) information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. © 2024 LBAR Multiple Listing Service. All rights reserved.
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of Metro Search Multiple Listing Service. Real estate listings held by other Brokerage firms are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about them includes the name of the listing IDX Brokers. The Broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright © 2024 Greater Louisville Association of Realtors. All Rights Reserved.