$2,791 Closing Credit*
$235,000
1,918 SqFt
3 Beds
•1 Full Bath
Sarah Riley, Listing Office: HRE Advisors
Is Paducah, KY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$214,668
$121/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$2,751(+1.3%)
Key Takeaway
Homes in Paducah have sold for 1.3% more than they did a year ago.
Summary: The median home sold price in Paducah was $214,668 in October 2024, up 1.3% from last year, and the median price per square foot was $121.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $115K | $119K | +3.5% |
| 2 Bedrooms | $107.7K | $115K | +6.8% |
| 3 Bedrooms | $196K | $208.5K | +6.4% |
| 4 Bedrooms | $315K | $312.4K | -0.8% |
| 5+ Bedrooms | $532.5K | $380K | -28.6% |
Summary: Paducah housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.5%, 2 bedroom homes increased by 6.8%, 3 bedroom homes increased by 6.4%, 4 bedroom homes decreased by 0.8%, and 5+ bedroom homes decreased by 28.6%.
Housing Supply in Paducah, KY
How many homes are available in Paducah, KY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 287 | 287 | 0.0% |
Summary: The Paducah real estate market had 287 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 44 | 48 | +9.1% |
| 3 Bedrooms | 125 | 136 | +8.8% |
| 4 Bedrooms | 80 | 68 | -15.0% |
| 5+ Bedrooms | 36 | 33 | -8.3% |
Summary: The Paducah 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 9.1%, 3 bedroom homes increased by 8.8%, 4 bedroom homes decreased by 15%, and 5+ bedroom homes decreased by 8.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 68 | 68 | 0.0% |
Asking Price vs. Sold Price
42 Homes Were Sold
Under Asking
21 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Paducah, you may be able to get a good deal. 62.7% of homes here sold below asking price last month.
Summary: A total of 68 homes were sold or pending in Paducah in October 2024, the same as the previous month. Of the 67 sold homes, 63% were sold under asking, 31% were sold at asking, and 6% were sold over asking.
Days on Market for Paducah, KY
We’re sorry, we don't have information for this market at the moment
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.
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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.