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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Scott County is a neutral's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

Scott 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 Scott County, KY

How much do homes in Scott County, KY cost?

Median Sold Price

$335,279

$193/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$31,232(+10.3%)

Key Takeaway

Homes in Scott County have sold for 10.3% more than they did a year ago.

Summary: The median home sold price in Scott County was $335,279 in October 2024, up 10.3% from last year, and the median price per square foot was $193.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $98.7K$75K
-24.1%
2 $200K$250K
+25.0%
3 $268K$290K
+8.2%
4 $387.5K$390K
+0.6%
5+ $492K$510K
+3.7%

Summary: Scott County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 24.1%, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 8.2%, 4 bedroom homes increased by 0.6%, and 5+ bedroom homes increased by 3.7%.

Median Sold Price Compared To Nearby Counties

Harrison County
+25.0%
Scott County
+10.3%
Woodford County
+7.2%
Bourbon County
+5.1%
Fayette County
+4.8%

Housing Supply in Scott County, KY

How many homes are available in Scott County, KY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
355367+3.4%

Summary: The Scott County real estate market had 367 homes for sale in October 2024, a 3.4% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 01
+100.0%
2 1619
+18.8%
3 188185
-1.6%
4 117128
+9.4%
5+ 3434
0.0%

Summary: The Scott County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 18.8%, 3 bedroom homes decreased by 1.6%, 4 bedroom homes increased by 9.4%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
7653-30.3%

Asking Price vs. Sold Price

21 Homes Were Sold
Under Asking

19 Homes Were Sold
At Asking

13 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Scott County, you may be able to get a good deal. 39.6% of homes here sold below asking price last month.

Summary: A total of 53 homes were sold or pending in Scott County in October 2024, down by 30.3% month-over-month. Of the 53 sold homes, 40% were sold under asking, 36% were sold at asking, and 25% were sold over asking.

Days on Market for Scott County, KY

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

Average Sale Time

Oct 2023Oct 2024CHANGE
67 Days27 Days-59.6%

Summary: Homes in Scott County had an average of 27 days on market in Oct 2024, down by 59.6% compared to last year.

Breakdown of Home Sale Times

42 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 53 homes were sold in Scott County; 79% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 8% 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 Scott County, KY

Nearby Markets to Scott County, KY

What housing markets are near Scott County, KY?