Is Jessamine 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, Jessamine County has remained a Seller's Market.
Key Takeaway
Jessamine County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Jessamine County, KY
How much do homes in Jessamine County, KY cost?
Median Sold Price
$325,650
$137/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Jessamine County have sold for 15.5% more than they did a year ago.
Summary: The median home sold price in Jessamine County was $325,650 in May 2024, up 15.5% from last year, and the median price per square foot was $137.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $48.5K | $178.3K | +267.7% |
| 2 Bedrooms | $174.5K | $175K | 0.3% |
| 3 Bedrooms | $249K | $275K | +10.4% |
| 4 Bedrooms | $403.8K | $430K | +6.5% |
| 5+ Bedrooms | $602.2K | $645.4K | +7.2% |
Summary: Jessamine County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 267.7%, 2 bedroom homes increased by 0.3%, 3 bedroom homes increased by 10.4%, 4 bedroom homes increased by 6.5%, and 5+ bedroom homes increased by 7.2%.
Median Sold Price Compared To Nearby Counties
| Jessamine County | $281.8K | $325.6K | +15.5% |
| Madison County | $260.8K | $283.5K | +8.7% |
| Fayette County | $295.4K | $314.9K | +6.6% |
| Mercer County | $220K | $229.9K | +4.5% |
| Garrard County | $250K | $260K | +4.0% |
Housing Supply in Jessamine County, KY
How many homes are available in Jessamine County, KY?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 190 | 224 | +17.9% |
Summary: The Jessamine County real estate market had 224 homes for sale in May 2024, a 17.9% 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 | 8 | 8 | 0.0% |
| 3 Bedrooms | 86 | 114 | +32.6% |
| 4 Bedrooms | 68 | 72 | +5.9% |
| 5+ Bedrooms | 27 | 28 | +3.7% |
Summary: The Jessamine 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 remained the same, 3 bedroom homes increased by 32.6%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes increased by 3.7%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 44 | 61 | +38.6% |
Asking Price vs. Sold Price
35 Homes Were Sold
Under Asking
15 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Jessamine County, you may be able to get a good deal. 57.4% of homes here sold below asking price last month.
Summary: A total of 61 homes were sold or pending in Jessamine County in May 2024, up by 38.6% month-over-month. Of the 61 sold homes, 57% were sold under asking, 25% were sold at asking, and 18% were sold over asking.
Days on Market for Jessamine County, KY
How long does it take to sell a home in Jessamine County, KY?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 11 Days | 37 Days | +233.9% |
Summary: Homes in Jessamine County had an average of 37 days on market in May 2024, up by 233.9% compared to last year.
Breakdown of Home Sale Times
42 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Jessamine County are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 61 homes were sold in Jessamine County; 69% of homes were sold within 30 days, 18% 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.