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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Corbin is a buyer's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Corbin, KY

How much do homes in Corbin, KY cost?

Median Sold Price

$207,000

-

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$5,666(+2.8%)

Key Takeaway

Homes in Corbin have sold for 2.8% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $86K-
N/A
2 $109.9K$128K
+16.5%
3 $197K$200K
+1.5%
4 $235K$287K
+22.1%
5+ $300K$449.5K
+49.8%

Summary: Corbin 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 increased by 16.5%, 3 bedroom homes increased by 1.5%, 4 bedroom homes increased by 22.1%, and 5+ bedroom homes increased by 49.8%.

Median Sold Price Compared To Nearby Cities

North Corbin
+4.7%
Corbin
+2.8%
Corbin
+1.6%

Housing Supply in Corbin, KY

How many homes are available in Corbin, KY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
124115-7.3%

Summary: The Corbin real estate market had 115 homes for sale in November 2024, a 7.3% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 33
0.0%
2 910
+11.1%
3 7568
-9.3%
4 2423
-4.2%
5+ 1311
-15.4%

Summary: The Corbin housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 11.1%, 3 bedroom homes decreased by 9.3%, 4 bedroom homes decreased by 4.2%, and 5+ bedroom homes decreased by 15.4%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2615-42.3%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Corbin, you may be able to get a good deal. 86.7% of homes here sold below asking price last month.

Summary: A total of 15 homes were sold or pending in Corbin in November 2024, down by 42.3% month-over-month. Of the 15 sold homes, 87% were sold under asking, 7% were sold at asking, and 7% were sold over asking.

Days on Market for Corbin, KY

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

Average Sale Time

Nov 2023Nov 2024CHANGE
43 Days31 Days-28.1%

Summary: Homes in Corbin had an average of 31 days on market in Nov 2024, down by 28.1% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 15 homes were sold in Corbin; 53% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 13% 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 23 Days Ago

Newest Listings in Corbin, KY

Nearby Markets to Corbin, KY

What housing markets are near Corbin, KY?