Is New Concord, 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, New Concord was a Seller's Market.
Key Takeaway
New Concord is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in New Concord, KY
How much do homes in New Concord, KY cost?
Median Sold Price
$350,000
$151/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in New Concord have sold for 19.5% more than they did a year ago.
Summary: The median home sold price in New Concord was $350,000 in May 2024, up 19.5% from last year, and the median price per square foot was $151.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $155K | $67.5K | -56.5% |
| 2 Bedrooms | $126K | $442.4K | +251.1% |
| 3 Bedrooms | $323.2K | $297.5K | -8.0% |
| 4 Bedrooms | $402.5K | $396K | -1.6% |
| 5+ Bedrooms | - | $675K | N/A |
Summary: New Concord housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 56.5%, 2 bedroom homes increased by 251.1%, 3 bedroom homes decreased by 8%, 4 bedroom homes decreased by 1.6%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Shiloh | $79K | $285K | +260.8% |
| New Concord | $293K | $350K | +19.5% |
Housing Supply in New Concord, KY
How many homes are available in New Concord, KY?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 26 | 24 | -7.7% |
Summary: The New Concord real estate market had 24 homes for sale in May 2024, a 7.7% decrease 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 | 3 | 5 | +66.7% |
| 3 Bedrooms | 16 | 14 | -12.5% |
| 4 Bedrooms | 7 | 5 | -28.6% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The New Concord 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 increased by 66.7%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes decreased by 28.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 4 | 3 | -25.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in New Concord, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in New Concord in May 2024, down by 25.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for New Concord, 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.
© 2024 of the REALTRACS MLS. All rights Reserved.