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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Eminence is a buyer's market

Buyer's
Market

Difference Since November 2023

Since last year, Eminence has remained a Buyer's Market.

Key Takeaway

Eminence is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Eminence, KY

How much do homes in Eminence, KY cost?

Median Sold Price

$250,000

$164/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$37,100(+17.4%)

Key Takeaway

Homes in Eminence have sold for 17.4% more than they did a year ago.

Summary: The median home sold price in Eminence was $250,000 in November 2024, up 17.4% from last year, and the median price per square foot was $164.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $28K$300K
+971.4%
2 $165K$170.6K
+3.4%
3 $219.4K$250K
+13.9%
4 $299K$290.4K
-2.9%
5+ $337.5K$540.7K
+60.2%

Summary: Eminence housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 971.4%, 2 bedroom homes increased by 3.4%, 3 bedroom homes increased by 13.9%, 4 bedroom homes decreased by 2.9%, and 5+ bedroom homes increased by 60.2%.

Housing Supply in Eminence, KY

How many homes are available in Eminence, KY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2321-8.7%

Summary: The Eminence real estate market had 21 homes for sale in November 2024, a 8.7% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 22
0.0%
3 1211
-8.3%
4 87
-12.5%
5+ 11
0.0%

Summary: The Eminence housing inventory by bedroom type for November 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 8.3%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
52-60.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Eminence, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Eminence in November 2024, down by 60.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.

Days on Market for Eminence, KY

We’re sorry, we don't have information for this market at the moment

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 2 Days Ago

Newest Listings in Eminence, KY

Nearby Markets to Eminence, KY