$75,000
0.46 Acres
Land
Listing Office: Reliance One Realty
Is Laurel County, 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, Laurel County was a Seller's Market.
Key Takeaway
Laurel County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Laurel County, KY
How much do homes in Laurel County, KY cost?
Median Sold Price
$220,016
$118/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$14,766(+7.2%)
Key Takeaway
Homes in Laurel County have sold for 7.2% more than they did a year ago.
Summary: The median home sold price in Laurel County was $220,016 in October 2024, up 7.2% from last year, and the median price per square foot was $118.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $142.8K | $135K | -5.5% |
| 2 Bedrooms | $130K | $135K | +3.8% |
| 3 Bedrooms | $200K | $222.2K | +11.1% |
| 4 Bedrooms | $256K | $278K | +8.6% |
| 5+ Bedrooms | $320K | $390K | +21.9% |
Summary: Laurel County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.5%, 2 bedroom homes increased by 3.8%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 8.6%, and 5+ bedroom homes increased by 21.9%.
Median Sold Price Compared To Nearby Counties
| Laurel County | $205.2K | $220K | +7.2% |
| Pulaski County | $225.6K | $239K | +5.9% |
| Whitley County | $194.3K | $197K | +1.4% |
Housing Supply in Laurel County, KY
How many homes are available in Laurel County, KY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 171 | 179 | +4.7% |
Summary: The Laurel County real estate market had 179 homes for sale in October 2024, a 4.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 3 | +200.0% |
| 2 Bedrooms | 18 | 14 | -22.2% |
| 3 Bedrooms | 104 | 108 | +3.8% |
| 4 Bedrooms | 34 | 37 | +8.8% |
| 5+ Bedrooms | 14 | 17 | +21.4% |
Summary: The Laurel County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes decreased by 22.2%, 3 bedroom homes increased by 3.8%, 4 bedroom homes increased by 8.8%, and 5+ bedroom homes increased by 21.4%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 29 | 24 | -17.2% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
4 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. 70.8% of homes here sold below asking price last month.
Summary: A total of 24 homes were sold or pending in Laurel County in October 2024, down by 17.2% month-over-month. Of the 24 sold homes, 71% were sold under asking, 13% were sold at asking, and 17% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 47 Days | 55 Days | +16.8% |
Summary: Homes in Laurel County had an average of 55 days on market in Oct 2024, up by 16.8% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
6 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 October 2024, 24 homes were sold in Laurel County; 42% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 25% 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.