Is Corbin, 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, Corbin has remained a Seller's Market.
Key Takeaway
Corbin is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Corbin, KY
How much do homes in Corbin, KY cost?
Median Sold Price
$211,250
-
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Corbin have sold for 9.5% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $86K | N/A |
| 2 Bedrooms | $110K | $128K | +16.4% |
| 3 Bedrooms | $185K | $205K | +10.8% |
| 4 Bedrooms | $229K | $235K | +2.6% |
| 5+ Bedrooms | $302.5K | $343.9K | +13.7% |
Summary: Corbin 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 increased by 16.4%, 3 bedroom homes increased by 10.8%, 4 bedroom homes increased by 2.6%, and 5+ bedroom homes increased by 13.7%.
Median Sold Price Compared To Nearby Cities
| Corbin | $190.6K | $210.2K | +10.3% |
| Corbin | $193K | $211.2K | +9.5% |
| North Corbin | $184.5K | $199K | +7.9% |
Housing Supply in Corbin, KY
How many homes are available in Corbin, KY?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 87 | 92 | +5.7% |
Summary: The Corbin real estate market had 92 homes for sale in May 2024, a 5.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 16 | 16 | 0.0% |
| 3 Bedrooms | 53 | 50 | -5.7% |
| 4 Bedrooms | 10 | 15 | +50.0% |
| 5+ Bedrooms | 8 | 10 | +25.0% |
Summary: The Corbin 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 remained the same, 3 bedroom homes decreased by 5.7%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 18 | 16 | -11.1% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Corbin, you may be able to get a good deal. 68.8% of homes here sold below asking price last month.
Summary: A total of 16 homes were sold or pending in Corbin in May 2024, down by 11.1% month-over-month. Of the 16 sold homes, 69% were sold under asking, 25% were sold at asking, and 6% were sold over asking.
Days on Market for Corbin, KY
How long does it take to sell a home in Corbin, KY?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 37 Days | 38 Days | +4.3% |
Summary: Homes in Corbin had an average of 38 days on market in May 2024, up by 4.3% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Corbin are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 16 homes were sold in Corbin; 56% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 19% 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 (“IDX”) program of the Knoxville Area Association of REALTORS® Multiple Listing Service. 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. Some or all of the listings may not belong to the firm whose website is being visited. Real estate listings held by brokerage firms other than this broker are indicated by detailed information about them such as the name of the listing firms.