Is Southeast Jefferson, 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, Southeast Jefferson has remained a Seller's Market.
Key Takeaway
Southeast Jefferson is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Southeast Jefferson, KY
How much do homes in Southeast Jefferson, KY cost?
Median Sold Price
$279,999
$189/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Southeast Jefferson have sold for 3.7% more than they did a year ago.
Summary: The median home sold price in Southeast Jefferson was $279,999 in May 2024, up 3.7% from last year, and the median price per square foot was $189.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $80K | $89K | +11.3% |
| 2 Bedrooms | $189.9K | $202K | +6.3% |
| 3 Bedrooms | $265.1K | $277K | +4.5% |
| 4 Bedrooms | $350K | $350.6K | 0.2% |
| 5+ Bedrooms | $368.9K | $513K | +39.0% |
Summary: Southeast Jefferson housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.3%, 2 bedroom homes increased by 6.3%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 0.2%, and 5+ bedroom homes increased by 39%.
Median Sold Price Compared To Nearby Cities
| Southeast Jefferson | $269.9K | $279.9K | +3.7% |
| Houston Acres | $257K | $265.5K | +3.3% |
| Jeffersontown | $265K | $272.7K | +2.9% |
Housing Supply in Southeast Jefferson, KY
How many homes are available in Southeast Jefferson, KY?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 360 | 378 | +5.0% |
Summary: The Southeast Jefferson real estate market had 378 homes for sale in May 2024, a 5.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 6 | +100.0% |
| 2 Bedrooms | 63 | 67 | +6.3% |
| 3 Bedrooms | 177 | 184 | +4.0% |
| 4 Bedrooms | 103 | 104 | +1.0% |
| 5+ Bedrooms | 14 | 17 | +21.4% |
Summary: The Southeast Jefferson 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 increased by 6.3%, 3 bedroom homes increased by 4%, 4 bedroom homes increased by 1%, and 5+ bedroom homes increased by 21.4%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 131 | 125 | -4.6% |
Asking Price vs. Sold Price
45 Homes Were Sold
Under Asking
32 Homes Were Sold
At Asking
48 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Southeast Jefferson, you could pay more than the asking price. 38.4% of homes here sold above asking price last month.
Summary: A total of 125 homes were sold or pending in Southeast Jefferson in May 2024, down by 4.6% month-over-month. Of the 125 sold homes, 36% were sold under asking, 26% were sold at asking, and 38% were sold over asking.
Days on Market for Southeast Jefferson, KY
How long does it take to sell a home in Southeast Jefferson, KY?
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Southeast Jefferson are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 125 homes were sold in Southeast Jefferson; 1% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 1% 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 Metro Search Multiple Listing Service. Real estate listings held by other Brokerage firms are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about them includes the name of the listing IDX Brokers. The Broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. 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. Information deemed reliable but not guaranteed. Copyright © 2024 Greater Louisville Association of Realtors. All Rights Reserved.