$1,841 Closing Credit*
$155,000
4 Beds
•2 Full Baths
Listing Office: CENTURY 21 Advantage Realty
Is Gray, KY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Gray was a Seller's Market.
Key Takeaway
Gray is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Gray, KY
How much do homes in Gray, KY cost?
Median Sold Price
$186,000
-
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$38,250(+25.9%)
Key Takeaway
Homes in Gray have sold for 25.9% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $115K | N/A |
| 2 Bedrooms | $81.2K | $179K | +120.3% |
| 3 Bedrooms | $128.3K | $271.2K | +111.3% |
| 4 Bedrooms | $190K | $379.9K | +99.9% |
| 5+ Bedrooms | $161.5K | - | N/A |
Summary: Gray housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 120.3%, 3 bedroom homes increased by 111.3%, 4 bedroom homes increased by 99.9%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Gray | $147.7K | $186K | +25.9% |
| Corbin | $197.5K | $210.5K | +6.6% |
Housing Supply in Gray, KY
How many homes are available in Gray, KY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 11 | 12 | +9.1% |
Summary: The Gray real estate market had 12 homes for sale in October 2024, a 9.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 4 | +33.3% |
| 3 Bedrooms | 7 | 6 | -14.3% |
| 4 Bedrooms | 0 | 1 | +100.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Gray housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 1 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Gray, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 1 homes were sold or pending in Gray in October 2024, the same as the previous month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for Gray, KY
How long does it take to sell a home in Gray, KY?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 3 Days | 43 Days | +1333.3% |
Summary: Homes in Gray had an average of 43 days on market in Oct 2024, up by 1333.3% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Gray has remained consistent over time.
Summary: During October 2024, 1 homes were sold in Gray; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% 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.