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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Boyle County is a buyer's market

Buyer's
Market

Difference Since September 2023

At the same time last year, Boyle County was a Seller's Market.

Key Takeaway

Boyle County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Boyle County, KY

How much do homes in Boyle County, KY cost?

Median Sold Price

$240,000

$101/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$20,000(+9.1%)

Key Takeaway

Homes in Boyle County have sold for 9.1% more than they did a year ago.

Summary: The median home sold price in Boyle County was $240,000 in September 2024, up 9.1% from last year, and the median price per square foot was $101.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 -$250K
N/A
2 $155K$160.5K
+3.5%
3 $206K$231K
+12.1%
4 $325K$290K
-10.8%
5+ $418K$515K
+23.2%

Summary: Boyle County housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 3.5%, 3 bedroom homes increased by 12.1%, 4 bedroom homes decreased by 10.8%, and 5+ bedroom homes increased by 23.2%.

Median Sold Price Compared To Nearby Counties

Boyle County
+9.1%
Mercer County
+3.3%
Garrard County
-1.9%
Lincoln County
-4.9%

Housing Supply in Boyle County, KY

How many homes are available in Boyle County, KY?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
151152+0.7%

Summary: The Boyle County real estate market had 152 homes for sale in September 2024, a 0.7% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 1920
+5.3%
3 7980
+1.3%
4 4240
-4.8%
5+ 1112
+9.1%

Summary: The Boyle County housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 5.3%, 3 bedroom homes increased by 1.3%, 4 bedroom homes decreased by 4.8%, and 5+ bedroom homes increased by 9.1%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
4321-51.2%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Boyle County, you may be able to get a good deal. 61.9% of homes here sold below asking price last month.

Summary: A total of 21 homes were sold or pending in Boyle County in September 2024, down by 51.2% month-over-month. Of the 21 sold homes, 62% were sold under asking, 14% were sold at asking, and 24% were sold over asking.

Days on Market for Boyle County, KY

How long does it take to sell a home in Boyle County, KY?

Average Sale Time

Sep 2023Sep 2024CHANGE
43 Days49 Days+12.9%

Summary: Homes in Boyle County had an average of 49 days on market in Sep 2024, up by 12.9% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Boyle County are selling fast, if you're buying plan to act quickly.

Summary: During September 2024, 21 homes were sold in Boyle County; 43% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.

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

Report Updated 29 Days Ago

Newest Listings in Boyle County, KY

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