$250,000
6.11 Acres
Land
Tim Beck, Listing Office: Property Investment Solutions
Is Paducah, 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, Paducah has remained a Seller's Market.
Key Takeaway
Paducah is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Paducah, KY
How much do homes in Paducah, KY cost?
Median Sold Price
$210,800
$121/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$2,200(-1.0%)
Key Takeaway
Homes in Paducah have sold for 1% less than they did a year ago.
Summary: The median home sold price in Paducah was $210,800 in November 2024, down 1% from last year, and the median price per square foot was $121.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $131K | $132K | +0.8% |
| 2 Bedrooms | $109.5K | $115K | +5.0% |
| 3 Bedrooms | $197.1K | $206.8K | +4.9% |
| 4 Bedrooms | $315K | $307.7K | -2.3% |
| 5+ Bedrooms | $511.2K | $413.9K | -19.0% |
Summary: Paducah housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.8%, 2 bedroom homes increased by 5%, 3 bedroom homes increased by 4.9%, 4 bedroom homes decreased by 2.3%, and 5+ bedroom homes decreased by 19%.
Housing Supply in Paducah, KY
How many homes are available in Paducah, KY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 273 | 254 | -7.0% |
Summary: The Paducah real estate market had 254 homes for sale in November 2024, a 7.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 48 | 42 | -12.5% |
| 3 Bedrooms | 128 | 128 | 0.0% |
| 4 Bedrooms | 64 | 55 | -14.1% |
| 5+ Bedrooms | 31 | 27 | -12.9% |
Summary: The Paducah 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 decreased by 12.5%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 14.1%, and 5+ bedroom homes decreased by 12.9%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 72 | 56 | -22.2% |
Asking Price vs. Sold Price
31 Homes Were Sold
Under Asking
15 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Paducah, you may be able to get a good deal. 59.6% of homes here sold below asking price last month.
Summary: A total of 56 homes were sold or pending in Paducah in November 2024, down by 22.2% month-over-month. Of the 52 sold homes, 60% were sold under asking, 29% were sold at asking, and 12% were sold over asking.
Days on Market for Paducah, KY
We’re sorry, we don't have information for this market at the moment
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Paducah are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 56 homes were sold in Paducah; 2% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Listings displayed are the property of the Western Kentucky Regional MLS (WKMLS) and provided here for consumer's personal, non-commercial use, and may not be used for any purposes other than to identify prospective properties consumers may be interested in purchasing. Each potential buyer is responsible for conducting his or her own independent inspections,investigations, measurements, inquiries and due diligence concerning the property. Although all information contained herein is believed to be accurate, the Real Estate Broker and the Seller of the property make no warranty or guarantee, actual or implied. Copyright 2024 Western Kentucky Regional MLS, Inc.
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.