Is Ballard County, KY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Ballard County is a neutral's market

Buyer's
Market

Difference Since November 2023

Since last year, Ballard County has remained a Neutral Market.

Key Takeaway

Ballard County is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Ballard County, KY

How much do homes in Ballard County, KY cost?

Median Sold Price

$105,300

$81/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$30,700(-22.6%)

Key Takeaway

Homes in Ballard County have sold for 22.6% less than they did a year ago.

Summary: The median home sold price in Ballard County was $105,300 in November 2024, down 22.6% from last year, and the median price per square foot was $81.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$40.6K
N/A
2 $129.9K$73K
-43.8%
3 $135.5K$120.5K
-11.1%
4 $150K$215K
+43.3%
5+ --
N/A

Summary: Ballard County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 43.8%, 3 bedroom homes decreased by 11.1%, 4 bedroom homes increased by 43.3%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Counties

McCracken County
-0.8%
Ballard County
-22.6%

Housing Supply in Ballard County, KY

How many homes are available in Ballard County, KY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2319-17.4%

Summary: The Ballard County real estate market had 19 homes for sale in November 2024, a 17.4% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 10
-100.0%
2 42
-50.0%
3 1615
-6.3%
4 22
0.0%
5+ 00
0.0%

Summary: The Ballard County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 50%, 3 bedroom homes decreased by 6.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
63-50.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Ballard County, 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 Ballard County in November 2024, down by 50.0% 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 Ballard County, KY

We’re sorry, we don't have information for this market at the moment

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 18 Days Ago

Newest Listings in Ballard County, KY

Nearby Markets to Ballard County, KY

What housing markets are near Ballard County, KY?