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 5 Days Ago

Newest Listings in Nicholas County, KY

Nearby Markets to Nicholas County, KY

What housing markets are near Nicholas County, KY?