Is Burnside, KY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Burnside is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, Burnside was a Neutral Market.

Key Takeaway

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

Housing Prices in Burnside, KY

How much do homes in Burnside, KY cost?

Median Sold Price

$288,906

-

Based on all homes sold in December 2024.

Difference Since Last Month

+$47,656(+19.8%)

Key Takeaway

Homes in Burnside have sold for 19.8% more than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 -$10K
N/A
2 $316K-
N/A
3 $374.2K$567.8K
+51.7%
4 $166.5K-
N/A
5+ --
N/A

Summary: Burnside housing prices by bedroom type for December 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 51.7%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Burnside, KY

How many homes are available in Burnside, KY?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
2831+10.7%

Summary: The Burnside real estate market had 31 homes for sale in December 2024, a 10.7% increase compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 02
+100.0%
2 57
+40.0%
3 1413
-7.1%
4 33
0.0%
5+ 66
0.0%

Summary: The Burnside housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 40%, 3 bedroom homes decreased by 7.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
42-50.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Burnside, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Burnside in December 2024, down by 50.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Burnside, KY

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

Average Sale Time

Nov 2024Dec 2024CHANGE
73 Days5 Days-92.5%

Summary: Homes in Burnside had an average of 5 days on market in Dec 2024, down by 92.5% compared to last month.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During December 2024, 2 homes were sold in Burnside; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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 4 Days Ago

Newest Listings in Burnside, KY

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