$5,936 Closing Credit*
$499,900
4 Beds
•2 Full Baths, 1 Partial
Listing Office: Atkins Real Estate
Is Liberty Area, KY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Liberty Area has remained a Seller's Market.
Key Takeaway
Liberty Area is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Liberty Area, KY
How much do homes in Liberty Area, KY cost?
Median Sold Price
$305,000
$128/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$23,000(+8.2%)
Key Takeaway
Homes in Liberty Area have sold for 8.2% more than they did a year ago.
Summary: The median home sold price in Liberty Area was $305,000 in October 2024, up 8.2% from last year, and the median price per square foot was $128.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $225.2K | $265K | +17.6% |
| 3 Bedrooms | $265K | $280K | +5.7% |
| 4 Bedrooms | $483K | $477K | -1.2% |
| 5+ Bedrooms | $725K | $950K | +31.0% |
Summary: Liberty Area 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 17.6%, 3 bedroom homes increased by 5.7%, 4 bedroom homes decreased by 1.2%, and 5+ bedroom homes increased by 31%.
Housing Supply in Liberty Area, KY
How many homes are available in Liberty Area, KY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 39 | 55 | +41.0% |
Summary: The Liberty Area real estate market had 55 homes for sale in October 2024, a 41.0% 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 | 8 | 8 | 0.0% |
| 3 Bedrooms | 12 | 16 | +33.3% |
| 4 Bedrooms | 13 | 18 | +38.5% |
| 5+ Bedrooms | 6 | 13 | +116.7% |
Summary: The Liberty Area 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 remained the same, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 38.5%, and 5+ bedroom homes increased by 116.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 15 | +87.5% |
Asking Price vs. Sold Price
10 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 Liberty Area, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 15 homes were sold or pending in Liberty Area in October 2024, up by 87.5% month-over-month. Of the 15 sold homes, 67% were sold under asking, 13% were sold at asking, and 20% were sold over asking.
Days on Market for Liberty Area, KY
How long does it take to sell a home in Liberty Area, KY?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 27 Days | 31 Days | +12.2% |
Summary: Homes in Liberty Area had an average of 31 days on market in Oct 2024, up by 12.2% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Liberty Area are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 15 homes were sold in Liberty Area; 73% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 7% 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.