$4,988 Closing Credit*
$420,000
3,700 SqFt
4 Beds
•2 Full Baths
Shannon Janic, Listing Office: Lake Homes Realty, LLC
Is Cadiz, KY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Cadiz has remained a Seller's Market.
Key Takeaway
Cadiz is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Cadiz, KY
How much do homes in Cadiz, KY cost?
Median Sold Price
$195,000
$111/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
-$127,500(-39.5%)
Key Takeaway
Homes in Cadiz have sold for 39.5% less than they did a month ago.
Summary: The median home sold price in Cadiz was $195,000 in October 2024, down 39.5% from last month, and the median price per square foot was $111.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $175K | - | N/A |
| 2 Bedrooms | $80K | $50K | -37.5% |
| 3 Bedrooms | $300K | $197.4K | -34.2% |
| 4 Bedrooms | $690K | $180K | -73.9% |
| 5+ Bedrooms | $317.5K | $645K | +103.1% |
Summary: Cadiz housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 37.5%, 3 bedroom homes decreased by 34.2%, 4 bedroom homes decreased by 73.9%, and 5+ bedroom homes increased by 103.1%.
Housing Supply in Cadiz, KY
How many homes are available in Cadiz, KY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 91 | 98 | +7.7% |
Summary: The Cadiz real estate market had 98 homes for sale in October 2024, a 7.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 8 | 10 | +25.0% |
| 3 Bedrooms | 48 | 50 | +4.2% |
| 4 Bedrooms | 23 | 22 | -4.3% |
| 5+ Bedrooms | 11 | 15 | +36.4% |
Summary: The Cadiz housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 4.2%, 4 bedroom homes decreased by 4.3%, and 5+ bedroom homes increased by 36.4%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 22 | 17 | -22.7% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cadiz, you may be able to get a good deal. 70.6% of homes here sold below asking price last month.
Summary: A total of 17 homes were sold or pending in Cadiz in October 2024, down by 22.7% month-over-month. Of the 17 sold homes, 71% were sold under asking, 12% were sold at asking, and 18% were sold over asking.
Days on Market for Cadiz, KY
How long does it take to sell a home in Cadiz, KY?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 25 Days | 17 Days | -31.4% |
Summary: Homes in Cadiz had an average of 17 days on market in Oct 2024, down by 31.4% 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
Key Takeaway
Many homes in Cadiz are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 17 homes were sold in Cadiz; 12% 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.
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.