$2,791 Closing Credit*
$235,000
3 Beds
•2 Full Baths
Listing Office: Keller Williams Legacy Group - London
Is Laurel County, KY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Laurel County was a Seller's Market.
Key Takeaway
Laurel County 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 Laurel County, KY
How much do homes in Laurel County, KY cost?
Median Sold Price
$217,000
$118/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$10,000(+4.8%)
Key Takeaway
Homes in Laurel County have sold for 4.8% more than they did a year ago.
Summary: The median home sold price in Laurel County was $217,000 in November 2024, up 4.8% from last year, and the median price per square foot was $118.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $142.8K | $135K | -5.5% |
| 2 Bedrooms | $130K | $131K | +0.8% |
| 3 Bedrooms | $205.9K | $218K | +5.9% |
| 4 Bedrooms | $256K | $280K | +9.4% |
| 5+ Bedrooms | $320K | $350K | +9.4% |
Summary: Laurel County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.5%, 2 bedroom homes increased by 0.8%, 3 bedroom homes increased by 5.9%, 4 bedroom homes increased by 9.4%, and 5+ bedroom homes increased by 9.4%.
Median Sold Price Compared To Nearby Counties
| Laurel County | $207K | $217K | +4.8% |
| Pulaski County | $228.8K | $239.3K | +4.6% |
| Whitley County | $197K | $194.5K | -1.3% |
Housing Supply in Laurel County, KY
How many homes are available in Laurel County, KY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 174 | 181 | +4.0% |
Summary: The Laurel County real estate market had 181 homes for sale in November 2024, a 4.0% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 4 | +33.3% |
| 2 Bedrooms | 16 | 13 | -18.8% |
| 3 Bedrooms | 106 | 112 | +5.7% |
| 4 Bedrooms | 35 | 39 | +11.4% |
| 5+ Bedrooms | 14 | 13 | -7.1% |
Summary: The Laurel County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes decreased by 18.8%, 3 bedroom homes increased by 5.7%, 4 bedroom homes increased by 11.4%, and 5+ bedroom homes decreased by 7.1%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 28 | 27 | -3.6% |
Asking Price vs. Sold Price
22 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Laurel County, you may be able to get a good deal. 81.5% of homes here sold below asking price last month.
Summary: A total of 27 homes were sold or pending in Laurel County in November 2024, down by 3.6% month-over-month. Of the 27 sold homes, 81% were sold under asking, 7% were sold at asking, and 11% were sold over asking.
Days on Market for Laurel County, KY
How long does it take to sell a home in Laurel County, KY?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 40 Days | 75 Days | +85.7% |
Summary: Homes in Laurel County had an average of 75 days on market in Nov 2024, up by 85.7% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Laurel County are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 27 homes were sold in Laurel County; 48% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 26% 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.