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 20 Days Ago

Newest Listings in Scott County, KY

Nearby Markets to Scott County, KY

What housing markets are near Scott County, KY?