Is Clay City, KY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Clay City is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Clay City was a Seller's Market.

Key Takeaway

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

Housing Prices in Clay City, KY

How much do homes in Clay City, KY cost?

Median Sold Price

$192,500

-

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$17,500(+10.0%)

Key Takeaway

Homes in Clay City have sold for 10% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $101.7K$159.5K
+56.8%
3 $171.6K$190K
+10.7%
4 $205K$227.5K
+11.0%
5+ $195K$397.5K
+103.8%

Summary: Clay City housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 56.8%, 3 bedroom homes increased by 10.7%, 4 bedroom homes increased by 11%, and 5+ bedroom homes increased by 103.8%.

Housing Supply in Clay City, KY

How many homes are available in Clay City, KY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1820+11.1%

Summary: The Clay City real estate market had 20 homes for sale in October 2024, a 11.1% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 22
0.0%
3 1012
+20.0%
4 44
0.0%
5+ 11
0.0%

Summary: The Clay City 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 remained the same, 3 bedroom homes increased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
21-50.0%

Asking Price vs. Sold Price

1 Home Was 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 Clay City, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Clay City in October 2024, down by 50.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Clay City, KY

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

Average Sale Time

Oct 2023Oct 2024CHANGE
49 Days100 Days+103.0%

Summary: Homes in Clay City had an average of 100 days on market in Oct 2024, up by 103% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Clay City are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During October 2024, 1 homes were sold in Clay City; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% 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 Clay City, KY

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