$3,313 Closing Credit*
$279,000
4 Beds
•3 Full Baths
Listing Office: CENTURY 21 Advantage Realty
Is London, 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, London was a Seller's Market.
Key Takeaway
London 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 London, KY
How much do homes in London, KY cost?
Median Sold Price
$229,833
$118/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$7,833(+3.5%)
Key Takeaway
Homes in London have sold for 3.5% more than they did a year ago.
Summary: The median home sold price in London was $229,833 in October 2024, up 3.5% 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 | $91.3K | $169K | +85.0% |
| 2 Bedrooms | $125K | $135K | +8.0% |
| 3 Bedrooms | $208.7K | $230K | +10.2% |
| 4 Bedrooms | $269.9K | $282.5K | +4.6% |
| 5+ Bedrooms | $325K | $430K | +32.3% |
Summary: London housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 85%, 2 bedroom homes increased by 8%, 3 bedroom homes increased by 10.2%, 4 bedroom homes increased by 4.6%, and 5+ bedroom homes increased by 32.3%.
Median Sold Price Compared To Nearby Cities
| Bush | $242.5K | $282.2K | +16.4% |
| London | $222K | $229.8K | +3.5% |
Housing Supply in London, KY
How many homes are available in London, KY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 142 | 149 | +4.9% |
Summary: The London real estate market had 149 homes for sale in October 2024, a 4.9% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 14 | 10 | -28.6% |
| 3 Bedrooms | 85 | 89 | +4.7% |
| 4 Bedrooms | 29 | 33 | +13.8% |
| 5+ Bedrooms | 13 | 16 | +23.1% |
Summary: The London 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 28.6%, 3 bedroom homes increased by 4.7%, 4 bedroom homes increased by 13.8%, and 5+ bedroom homes increased by 23.1%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 25 | 23 | -8.0% |
Asking Price vs. Sold Price
16 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 London, you may be able to get a good deal. 69.6% of homes here sold below asking price last month.
Summary: A total of 23 homes were sold or pending in London in October 2024, down by 8.0% month-over-month. Of the 23 sold homes, 70% were sold under asking, 13% were sold at asking, and 17% were sold over asking.
Days on Market for London, KY
How long does it take to sell a home in London, KY?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 44 Days | 55 Days | +25.3% |
Summary: Homes in London had an average of 55 days on market in Oct 2024, up by 25.3% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in London are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 23 homes were sold in London; 43% of homes were sold within 30 days, 30% 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.