$3,741 Closing Credit*
$315,000
3 Beds
•2 Full Baths
Listing Office: Lake Cumberland Real Estate Professionals
Is Cumberland Falls, KY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Cumberland Falls was a Seller's Market.
Key Takeaway
Cumberland Falls is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Cumberland Falls, KY
How much do homes in Cumberland Falls, KY cost?
Median Sold Price
$196,000
-
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$21,250(-9.8%)
Key Takeaway
Homes in Cumberland Falls have sold for 9.8% less than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $130K | $153.5K | +18.1% |
| 3 Bedrooms | $214.5K | $193K | -10.0% |
| 4 Bedrooms | $260K | $630K | +142.3% |
| 5+ Bedrooms | - | $494K | N/A |
Summary: Cumberland Falls 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 18.1%, 3 bedroom homes decreased by 10%, 4 bedroom homes increased by 142.3%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Keavy | $235K | $241.9K | +3.0% |
| Stearns-Whitley City | $152K | $151.2K | -0.5% |
| Cumberland Falls | $217.2K | $196K | -9.8% |
Housing Supply in Cumberland Falls, KY
How many homes are available in Cumberland Falls, KY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 20 | 17 | -15.0% |
Summary: The Cumberland Falls real estate market had 17 homes for sale in October 2024, a 15.0% decrease 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 | 2 | 2 | 0.0% |
| 3 Bedrooms | 10 | 9 | -10.0% |
| 4 Bedrooms | 6 | 5 | -16.7% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Cumberland Falls 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 decreased by 10%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 2 | -33.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cumberland Falls, 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 Cumberland Falls in October 2024, down by 33.3% 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 Cumberland Falls, KY
How long does it take to sell a home in Cumberland Falls, KY?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 162 Days | 68 Days | -57.7% |
Summary: Homes in Cumberland Falls had an average of 68 days on market in Oct 2024, down by 57.7% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Cumberland Falls has remained consistent over time.
Summary: During October 2024, 2 homes were sold in Cumberland Falls; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Lexington-Bluegrass Association of Realtors Multiple Listing Service. Real estate listings held by IDX Brokerage firms other than this broker, are marked with the IDX logo or the IDX thumbnail logo and detailed information about them includes the name of the listing IDX Brokers. Information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Listing(s) information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. © 2024 LBAR Multiple Listing Service. All rights reserved.