Is Salt Lick, KY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Salt Lick is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Salt Lick has remained a Seller's Market.

Key Takeaway

Salt Lick is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Salt Lick, KY

How much do homes in Salt Lick, KY cost?

Median Sold Price

$208,000

-

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$58,000(+38.7%)

Key Takeaway

Homes in Salt Lick have sold for 38.7% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $87K$327.4K
+276.4%
3 $150K$176.2K
+17.5%
4 $150K$155K
+3.3%
5+ -$433K
N/A

Summary: Salt Lick housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 276.4%, 3 bedroom homes increased by 17.5%, 4 bedroom homes increased by 3.3%, and 5+ bedroom homes did not change.

Housing Supply in Salt Lick, KY

How many homes are available in Salt Lick, KY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
65-16.7%

Summary: The Salt Lick real estate market had 5 homes for sale in October 2024, a 16.7% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 22
0.0%
3 43
-25.0%
4 00
0.0%
5+ 00
0.0%

Summary: The Salt Lick 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 remained the same, 3 bedroom homes decreased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
110.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Salt Lick, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 1 homes were sold or pending in Salt Lick in October 2024, the same as the previous month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for Salt Lick, KY

How long does it take to sell a home in Salt Lick, KY?

Average Sale Time

Oct 2023Oct 2024CHANGE
40 Days71 Days+75.3%

Summary: Homes in Salt Lick had an average of 71 days on market in Oct 2024, up by 75.3% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Salt Lick has remained consistent over time.

Summary: During October 2024, 1 homes were sold in Salt Lick; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% 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 4 Days Ago

Newest Listings in Salt Lick, KY

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