$65,000
0.05 Acres
Land
Listing Office: Keller Williams Bluegrass Realty
Is District 1, KY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, District 1 has remained a Seller's Market.
Key Takeaway
District 1 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in District 1, KY
How much do homes in District 1, KY cost?
Median Sold Price
$215,000
$136/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$11,500(-5.1%)
Key Takeaway
Homes in District 1 have sold for 5.1% less than they did a year ago.
Summary: The median home sold price in District 1 was $215,000 in November 2024, down 5.1% from last year, and the median price per square foot was $136.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $217.5K | $127K | -41.6% |
| 2 Bedrooms | $197K | $185K | -6.1% |
| 3 Bedrooms | $220K | $219K | -0.5% |
| 4 Bedrooms | $231.5K | $241K | +4.1% |
| 5+ Bedrooms | $300K | $506.5K | +68.8% |
Summary: District 1 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 41.6%, 2 bedroom homes decreased by 6.1%, 3 bedroom homes decreased by 0.5%, 4 bedroom homes increased by 4.1%, and 5+ bedroom homes increased by 68.8%.
Housing Supply in District 1, KY
How many homes are available in District 1, KY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 86 | 83 | -3.5% |
Summary: The District 1 real estate market had 83 homes for sale in November 2024, a 3.5% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 8 | +60.0% |
| 2 Bedrooms | 18 | 14 | -22.2% |
| 3 Bedrooms | 44 | 41 | -6.8% |
| 4 Bedrooms | 17 | 16 | -5.9% |
| 5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The District 1 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 60%, 2 bedroom homes decreased by 22.2%, 3 bedroom homes decreased by 6.8%, 4 bedroom homes decreased by 5.9%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 25 | 20 | -20.0% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in District 1, you may be able to get a good deal. 65% of homes here sold below asking price last month.
Summary: A total of 20 homes were sold or pending in District 1 in November 2024, down by 20.0% month-over-month. Of the 20 sold homes, 65% were sold under asking, 30% were sold at asking, and 5% were sold over asking.
Days on Market for District 1, KY
How long does it take to sell a home in District 1, KY?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 18 Days | 40 Days | +116.2% |
Summary: Homes in District 1 had an average of 40 days on market in Nov 2024, up by 116.2% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in District 1 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 20 homes were sold in District 1; 55% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 15% 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.