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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Elkton is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Elkton has remained a Seller's Market.

Key Takeaway

Elkton is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Elkton, KY

How much do homes in Elkton, KY cost?

Median Sold Price

$197,500

$126/sqft

Based on all homes sold in December 2024.

Difference Since Last Month

-$90,000(-31.3%)

Key Takeaway

Homes in Elkton have sold for 31.3% less than they did a month ago.

Summary: The median home sold price in Elkton was $197,500 in December 2024, down 31.3% from last month, and the median price per square foot was $126.

Median Sold Price By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 --
N/A
2 --
N/A
3 $260K$197.5K
-24.0%
4 $365K-
N/A
5+ --
N/A

Summary: Elkton housing prices by bedroom type for December 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 24%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Elkton, KY

How many homes are available in Elkton, KY?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
73-57.1%

Summary: The Elkton real estate market had 3 homes for sale in December 2024, a 57.1% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 00
0.0%
3 63
-50.0%
4 10
-100.0%
5+ 00
0.0%

Summary: The Elkton housing inventory by bedroom type for December 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 50%, 4 bedroom homes decreased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
42-50.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Elkton, 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 Elkton in December 2024, down by 50.0% 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 Elkton, KY

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

Average Sale Time

Nov 2024Dec 2024CHANGE
19 Days58 Days+197.4%

Summary: Homes in Elkton had an average of 58 days on market in Dec 2024, up by 197.4% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During December 2024, 2 homes were sold in Elkton; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% 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 8 Days Ago

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