Is District 4, 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 4 has remained a Seller's Market.
Housing Prices in District 4, KY
How much do homes in District 4, KY cost?
Median Sold Price
$299,593
$151/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in District 4 was $299,593 in May 2024, up 13.1% from last year, and the median price per square foot was $151.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $93K | $142K | +52.7% |
2 Bedrooms | $180K | $185K | +2.8% |
3 Bedrooms | $247K | $285K | +15.4% |
4 Bedrooms | $399.9K | $427.5K | +6.9% |
5+ Bedrooms | $459K | $441K | -3.9% |
Summary: District 4 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 52.7%, 2 bedroom homes increased by 2.8%, 3 bedroom homes increased by 15.4%, 4 bedroom homes increased by 6.9%, and 5+ bedroom homes decreased by 3.9%.
Median Sold Price Compared To Nearby Neighborhoods
District 4 | $265K | $299.5K | +13.1% |
Oaks | $235K | $240K | +2.1% |
Housing Supply in District 4, KY
How many homes are available in District 4, KY?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
82 | 86 | +4.9% |
Summary: The District 4 real estate market had 86 homes for sale in May 2024, a 4.9% increase 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 | 17 | +70.0% |
3 Bedrooms | 42 | 37 | -11.9% |
4 Bedrooms | 23 | 20 | -13.0% |
5+ Bedrooms | 4 | 8 | +100.0% |
Summary: The District 4 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 increased by 70%, 3 bedroom homes decreased by 11.9%, 4 bedroom homes decreased by 13%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
27 | 31 | +14.8% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 31 homes were sold or pending in District 4 in May 2024, up by 14.8% month-over-month. Of the 31 sold homes, 39% were sold under asking, 29% were sold at asking, and 32% were sold over asking.
Days on Market for District 4, KY
How long does it take to sell a home in District 4, KY?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
24 Days | 21 Days | -10.4% |
Summary: Homes in District 4 had an average of 21 days on market in May 2024, down by 10.4% compared to last year.
Breakdown of Home Sale Times
24 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 31 homes were sold in District 4; 77% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.