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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Hopkinsville is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Hopkinsville was a Seller's Market.

Key Takeaway

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

Housing Prices in Hopkinsville, KY

How much do homes in Hopkinsville, KY cost?

Median Sold Price

$225,000

$141/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$35,100(+18.5%)

Key Takeaway

Homes in Hopkinsville have sold for 18.5% more than they did a year ago.

Summary: The median home sold price in Hopkinsville was $225,000 in October 2024, up 18.5% from last year, and the median price per square foot was $141.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $92.4K$153K
+65.5%
2 $105K$135K
+28.6%
3 $191K$220K
+15.2%
4 $240K$299.4K
+24.8%
5+ $310K$339K
+9.4%

Summary: Hopkinsville housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 65.5%, 2 bedroom homes increased by 28.6%, 3 bedroom homes increased by 15.2%, 4 bedroom homes increased by 24.8%, and 5+ bedroom homes increased by 9.4%.

Median Sold Price Compared To Nearby Cities

Hopkinsville
+18.5%
Oak Grove-Pembroke
+10.0%
Oak Grove
+8.0%

Housing Supply in Hopkinsville, KY

How many homes are available in Hopkinsville, KY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
137134-2.2%

Summary: The Hopkinsville real estate market had 134 homes for sale in October 2024, a 2.2% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 21
-50.0%
2 1615
-6.3%
3 7476
+2.7%
4 4038
-5.0%
5+ 54
-20.0%

Summary: The Hopkinsville housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 6.3%, 3 bedroom homes increased by 2.7%, 4 bedroom homes decreased by 5%, and 5+ bedroom homes decreased by 20%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2819-32.1%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

11 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Hopkinsville, expect to pay close to the asking price. 57.9% of homes here sold near the asking price last month.

Summary: A total of 19 homes were sold or pending in Hopkinsville in October 2024, down by 32.1% month-over-month. Of the 19 sold homes, 32% were sold under asking, 58% were sold at asking, and 11% were sold over asking.

Days on Market for Hopkinsville, KY

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

Average Sale Time

Oct 2023Oct 2024CHANGE
29 Days26 Days-9.8%

Summary: Homes in Hopkinsville had an average of 26 days on market in Oct 2024, down by 9.8% compared to last year.

Breakdown of Home Sale Times

10 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 19 homes were sold in Hopkinsville; 53% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 0% 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 17 Days Ago

Newest Listings in Hopkinsville, KY

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