$100,000
10.03 Acres
Land
•1 Full Bath
Listing Office: Reliance One Realty
Is London, 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, London was a Seller's Market.
Key Takeaway
London is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in London, KY
How much do homes in London, KY cost?
Median Sold Price
$225,000
$118/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$3,000(+1.4%)
Key Takeaway
Homes in London have sold for 1.4% more than they did a year ago.
Summary: The median home sold price in London was $225,000 in November 2024, up 1.4% 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 | $91.3K | $169K | +85.0% |
| 2 Bedrooms | $130K | $130.5K | 0.4% |
| 3 Bedrooms | $212.5K | $225K | +5.9% |
| 4 Bedrooms | $269.9K | $285K | +5.6% |
| 5+ Bedrooms | $325K | $352.5K | +8.5% |
Summary: London housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 85%, 2 bedroom homes increased by 0.4%, 3 bedroom homes increased by 5.9%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes increased by 8.5%.
Median Sold Price Compared To Nearby Cities
| Bush | $235K | $288K | +22.6% |
| London | $222K | $225K | +1.4% |
Housing Supply in London, KY
How many homes are available in London, KY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 143 | 145 | +1.4% |
Summary: The London real estate market had 145 homes for sale in November 2024, a 1.4% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 11 | 8 | -27.3% |
| 3 Bedrooms | 86 | 88 | +2.3% |
| 4 Bedrooms | 32 | 35 | +9.4% |
| 5+ Bedrooms | 13 | 12 | -7.7% |
Summary: The London housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 27.3%, 3 bedroom homes increased by 2.3%, 4 bedroom homes increased by 9.4%, and 5+ bedroom homes decreased by 7.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 26 | 19 | -26.9% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in London, you may be able to get a good deal. 89.5% of homes here sold below asking price last month.
Summary: A total of 19 homes were sold or pending in London in November 2024, down by 26.9% month-over-month. Of the 19 sold homes, 89% were sold under asking, 5% were sold at asking, and 5% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 45 Days | 82 Days | +84.1% |
Summary: Homes in London had an average of 82 days on market in Nov 2024, up by 84.1% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
4 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 November 2024, 19 homes were sold in London; 47% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 32% of homes were sold over 90 days.
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