$2,126 Closing Credit*
$179,000
2,004 SqFt
3 Beds
•2 Full Baths
Kristen Peters, Listing Office: Huff Realty - CC
Housing Prices in Melbourne, KY
How much do homes in Melbourne, KY cost?
Median List Price
$350,000
$183/sqft
Based on all homes listed in October 2024.
Difference Since Last Month
-$175,000(-33.3%)
Key Takeaway
The list price of homes in Melbourne has decreased by 33.3% since September.
Summary: The median home list price in Melbourne was $350,000 in October 2024, down 33.3% from the previous month, and the median price per square foot was $183.
Median List Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | - | $250K | N/A |
| 4 Bedrooms | $525K | $450K | -14.3% |
| 5+ Bedrooms | - | - | N/A |
Summary: Melbourne housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes did not change.
Median List Price Compared To Nearby Cities
| Newport-Fort Thomas | $382.5K | $300K | -21.6% |
| Melbourne | $525K | $350K | -33.3% |
Housing Supply in Melbourne, KY
How many homes are available in Melbourne, KY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 4 | +100.0% |
Summary: The Melbourne real estate market had 4 homes for sale in October 2024, a 100.0% 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 0 | 1 | +100.0% |
| 4 Bedrooms | 2 | 3 | +50.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Melbourne 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 100%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Days on Market for Melbourne, KY
How long does it take to sell a home in Melbourne, KY?
Average Listing Age
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 54 Days | 50 Days | -6.0% |
Summary: Homes in Melbourne had an average listing age of 50 days in Oct 2024, down by 6% compared to the previous month.
