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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Irvine is a neutral's market

Buyer's
Market

Difference Since October 2023

Since last year, Irvine has remained a Neutral Market.

Key Takeaway

Irvine is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Irvine, KY

How much do homes in Irvine, KY cost?

Median Sold Price

$160,150

$31/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$250(+0.2%)

Key Takeaway

The sold price of homes in Irvine has remained the same since last year.

Summary: The median home sold price in Irvine was $160,150 in October 2024, up 0.2% from last year, and the median price per square foot was $31.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $89.5K$193K
+115.6%
2 $125K$83.5K
-33.2%
3 $160K$157K
-1.9%
4 $170K$215K
+26.5%
5+ $335.9K$196.5K
-41.5%

Summary: Irvine housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 115.6%, 2 bedroom homes decreased by 33.2%, 3 bedroom homes decreased by 1.9%, 4 bedroom homes increased by 26.5%, and 5+ bedroom homes decreased by 41.5%.

Median Sold Price Compared To Nearby Cities

Irvine
0.2%
Winston-West Irvine
-11.3%

Housing Supply in Irvine, KY

How many homes are available in Irvine, KY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
4442-4.5%

Summary: The Irvine real estate market had 42 homes for sale in October 2024, a 4.5% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 22
0.0%
2 109
-10.0%
3 1815
-16.7%
4 1112
+9.1%
5+ 34
+33.3%

Summary: The Irvine 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 decreased by 10%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
770.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Irvine, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in Irvine in October 2024, the same as the previous month. Of the 7 sold homes, 71% were sold under asking, 29% were sold at asking, and 0% were sold over asking.

Days on Market for Irvine, KY

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

Average Sale Time

Oct 2023Oct 2024CHANGE
17 Days82 Days+386.3%

Summary: Homes in Irvine had an average of 82 days on market in Oct 2024, up by 386.3% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 7 homes were sold in Irvine; 43% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 29% 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 4 Days Ago

Newest Listings in Irvine, KY

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