Is Lyon County, KY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Lyon County has remained a Seller's Market.
Key Takeaway
Lyon County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lyon County, KY
How much do homes in Lyon County, KY cost?
Median Sold Price
$490,000
$184/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Key Takeaway
Homes in Lyon County have sold for 24.8% more than they did a month ago.
Summary: The median home sold price in Lyon County was $490,000 in May 2024, up 24.8% from last month, and the median price per square foot was $184.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $287.5K | $167.5K | -41.7% |
| 3 Bedrooms | $270K | $329.5K | +22.0% |
| 4 Bedrooms | - | $560K | N/A |
| 5+ Bedrooms | $702.5K | $750K | +6.8% |
Summary: Lyon County housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 41.7%, 3 bedroom homes increased by 22%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 6.8%.
Median Sold Price Compared To Nearby Counties
| Lyon County | $392.5K | $490K | +24.8% |
| Livingston County | $273K | $175K | -35.9% |
| Crittenden County | $380K | $170K | -55.3% |
Housing Supply in Lyon County, KY
How many homes are available in Lyon County, KY?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 47 | 56 | +19.1% |
Summary: The Lyon County real estate market had 56 homes for sale in May 2024, a 19.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 5 | 0.0% |
| 3 Bedrooms | 19 | 19 | 0.0% |
| 4 Bedrooms | 15 | 23 | +53.3% |
| 5+ Bedrooms | 8 | 9 | +12.5% |
Summary: The Lyon 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 remained the same, 4 bedroom homes increased by 53.3%, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 9 | 10 | +11.1% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Lyon County, you may be able to get a good deal. 70% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Lyon County in May 2024, up by 11.1% month-over-month. Of the 10 sold homes, 70% were sold under asking, 20% were sold at asking, and 10% were sold over asking.
Days on Market for Lyon County, KY
We’re sorry, we don't have information for this market at the moment
Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Listings displayed are the property of the Western Kentucky Regional MLS (WKMLS) and provided here for consumer's personal, non-commercial use, and may not be used for any purposes other than to identify prospective properties consumers may be interested in purchasing. Each potential buyer is responsible for conducting his or her own independent inspections,investigations, measurements, inquiries and due diligence concerning the property. Although all information contained herein is believed to be accurate, the Real Estate Broker and the Seller of the property make no warranty or guarantee, actual or implied. Copyright 2024 Western Kentucky Regional MLS, Inc.
Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.
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