Is Laurel 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, Laurel County has remained a Seller's Market.
Housing Prices in Laurel County, KY
How much do homes in Laurel County, KY cost?
Median Sold Price
$207,300
$114/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Laurel County was $207,300 in May 2024, up 0.6% from last year, and the median price per square foot was $114.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $82K | $142.8K | +74.2% |
2 Bedrooms | $130K | $131.2K | +1.0% |
3 Bedrooms | $200K | $207.5K | +3.8% |
4 Bedrooms | $274.2K | $271.5K | -1.0% |
5+ Bedrooms | $408.5K | $340K | -16.8% |
Summary: Laurel County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 74.2%, 2 bedroom homes increased by 1%, 3 bedroom homes increased by 3.8%, 4 bedroom homes decreased by 1%, and 5+ bedroom homes decreased by 16.8%.
Median Sold Price Compared To Nearby Counties
Pulaski County | $220K | $236K | +7.3% |
Whitley County | $189K | $195K | +3.2% |
Laurel County | $206.1K | $207.3K | +0.6% |
Knox County | $159.9K | $159.2K | -0.4% |
Jackson County | $169.9K | $159.9K | -5.9% |
Housing Supply in Laurel County, KY
How many homes are available in Laurel County, KY?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
166 | 177 | +6.6% |
Summary: The Laurel County real estate market had 177 homes for sale in May 2024, a 6.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 4 | +33.3% |
2 Bedrooms | 18 | 21 | +16.7% |
3 Bedrooms | 102 | 104 | +2.0% |
4 Bedrooms | 32 | 34 | +6.3% |
5+ Bedrooms | 11 | 14 | +27.3% |
Summary: The Laurel County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 2%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes increased by 27.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
32 | 51 | +59.4% |
Asking Price vs. Sold Price
31 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 51 homes were sold or pending in Laurel County in May 2024, up by 59.4% month-over-month. Of the 51 sold homes, 61% were sold under asking, 22% were sold at asking, and 18% were sold over asking.
Days on Market for Laurel County, KY
How long does it take to sell a home in Laurel County, KY?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
43 Days | 58 Days | +33.9% |
Summary: Homes in Laurel County had an average of 58 days on market in May 2024, up by 33.9% compared to last year.
Breakdown of Home Sale Times
32 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Summary: During May 2024, 51 homes were sold in Laurel County; 63% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.