Is Nicholas County, KY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Nicholas County is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Nicholas County was a Seller's Market.

Key Takeaway

Nicholas County 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 Nicholas County, KY

How much do homes in Nicholas County, KY cost?

Median Sold Price

$179,000

$164/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$41,500(+30.2%)

Key Takeaway

Homes in Nicholas County have sold for 30.2% more than they did a year ago.

Summary: The median home sold price in Nicholas County was $179,000 in October 2024, up 30.2% from last year, and the median price per square foot was $164.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $260K$200K
-23.1%
2 $76.2K$148K
+94.1%
3 $134.5K$147.5K
+9.7%
4 $236.9K$252.5K
+6.6%
5+ $212.5K-
N/A

Summary: Nicholas County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 23.1%, 2 bedroom homes increased by 94.1%, 3 bedroom homes increased by 9.7%, 4 bedroom homes increased by 6.6%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Counties

Nicholas County
+30.2%
Harrison County
+25.0%
Bath County
+10.0%
Bourbon County
+5.1%

Housing Supply in Nicholas County, KY

How many homes are available in Nicholas County, KY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2125+19.0%

Summary: The Nicholas County real estate market had 25 homes for sale in October 2024, a 19.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 34
+33.3%
3 1515
0.0%
4 14
+300.0%
5+ 22
0.0%

Summary: The Nicholas County 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 increased by 33.3%, 3 bedroom homes remained the same, 4 bedroom homes increased by 300%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
24+100.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Nicholas County, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Nicholas County in October 2024, up by 100.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.

Days on Market for Nicholas County, KY

How long does it take to sell a home in Nicholas County, KY?

Average Sale Time

Oct 2023Oct 2024CHANGE
25 Days84 Days+237.0%

Summary: Homes in Nicholas County had an average of 84 days on market in Oct 2024, up by 237% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Nicholas County are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 4 homes were sold in Nicholas County; 75% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 21 Days Ago

Newest Listings in Nicholas County, KY

Nearby Markets to Nicholas County, KY

What housing markets are near Nicholas County, KY?