$3,444 Closing Credit*
$290,000
3 Beds
•1 Full Bath, 1 Partial
Listing Office: Marshall Lane Real Estate - Lexington
Is Mount Sterling, KY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Mount Sterling has remained a Seller's Market.
Key Takeaway
Mount Sterling is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Mount Sterling, KY
How much do homes in Mount Sterling, KY cost?
Median Sold Price
$217,500
$78/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$499(-0.2%)
Key Takeaway
The sold price of homes in Mount Sterling has remained the same since last year.
Summary: The median home sold price in Mount Sterling was $217,500 in November 2024, down 0.2% from last year, and the median price per square foot was $78.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $125K | $128K | +2.4% |
| 3 Bedrooms | $212.5K | $214.2K | +0.8% |
| 4 Bedrooms | $255K | $250K | -2.0% |
| 5+ Bedrooms | $420K | $183K | -56.4% |
Summary: Mount Sterling housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 2.4%, 3 bedroom homes increased by 0.8%, 4 bedroom homes decreased by 2%, and 5+ bedroom homes decreased by 56.4%.
Housing Supply in Mount Sterling, KY
How many homes are available in Mount Sterling, KY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 45 | 46 | +2.2% |
Summary: The Mount Sterling real estate market had 46 homes for sale in November 2024, a 2.2% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 26 | 28 | +7.7% |
| 4 Bedrooms | 12 | 11 | -8.3% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Mount Sterling housing inventory by bedroom type for November 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 7.7%, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 10 | 8 | -20.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mount Sterling, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Mount Sterling in November 2024, down by 20.0% month-over-month. Of the 8 sold homes, 63% were sold under asking, 13% were sold at asking, and 25% were sold over asking.
Days on Market for Mount Sterling, KY
How long does it take to sell a home in Mount Sterling, KY?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 11 Days | 23 Days | +105.0% |
Summary: Homes in Mount Sterling had an average of 23 days on market in Nov 2024, up by 105% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Mount Sterling are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 8 homes were sold in Mount Sterling; 38% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 0% 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.