Is District 2, KY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, District 2 has remained a Seller's Market.
Housing Prices in District 2, KY
How much do homes in District 2, KY cost?
Median Sold Price
$306,197
$168/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in District 2 was $306,197 in May 2024, up 9.3% from last year, and the median price per square foot was $168.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $89K | $92.5K | +3.9% |
2 Bedrooms | $210K | $224K | +6.7% |
3 Bedrooms | $267K | $286K | +7.1% |
4 Bedrooms | $340K | $359.5K | +5.7% |
5+ Bedrooms | $417.4K | $422.5K | +1.2% |
Summary: District 2 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.9%, 2 bedroom homes increased by 6.7%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 5.7%, and 5+ bedroom homes increased by 1.2%.
Housing Supply in District 2, KY
How many homes are available in District 2, KY?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
122 | 108 | -11.5% |
Summary: The District 2 real estate market had 108 homes for sale in May 2024, a 11.5% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 4 | +33.3% |
2 Bedrooms | 10 | 10 | 0.0% |
3 Bedrooms | 70 | 54 | -22.9% |
4 Bedrooms | 32 | 34 | +6.3% |
5+ Bedrooms | 7 | 6 | -14.3% |
Summary: The District 2 housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 22.9%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
47 | 44 | -6.4% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
16 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Summary: A total of 44 homes were sold or pending in District 2 in May 2024, down by 6.4% month-over-month. Of the 44 sold homes, 30% were sold under asking, 36% were sold at asking, and 34% were sold over asking.
Days on Market for District 2, KY
How long does it take to sell a home in District 2, KY?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
8 Days | 19 Days | +124.9% |
Summary: Homes in District 2 had an average of 19 days on market in May 2024, up by 124.9% compared to last year.
Breakdown of Home Sale Times
37 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During May 2024, 44 homes were sold in District 2; 84% of homes were sold within 30 days, 5% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.