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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Simpson County is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, Simpson County has remained a Buyer's Market.

Key Takeaway

Simpson County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Simpson County, KY

How much do homes in Simpson County, KY cost?

Median Sold Price

$215,000

$184/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$31,000(-12.6%)

Key Takeaway

Homes in Simpson County have sold for 12.6% less than they did a month ago.

Summary: The median home sold price in Simpson County was $215,000 in November 2024, down 12.6% from last month, and the median price per square foot was $184.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 -$195K
N/A
3 $202K$246.9K
+22.3%
4 $290K-
N/A
5+ --
N/A

Summary: Simpson County housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 22.3%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Counties

Simpson County
-12.6%
Logan County
-22.7%

Housing Supply in Simpson County, KY

How many homes are available in Simpson County, KY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
24240.0%

Summary: The Simpson County real estate market had 24 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 33
0.0%
3 1213
+8.3%
4 65
-16.7%
5+ 33
0.0%

Summary: The Simpson County 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 remained the same, 3 bedroom homes increased by 8.3%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
23+50.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Simpson County, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.

Summary: A total of 3 homes were sold or pending in Simpson County in November 2024, up by 50.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.

Days on Market for Simpson County, KY

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

Average Sale Time

Oct 2024Nov 2024CHANGE
20 Days47 Days+136.7%

Summary: Homes in Simpson County had an average of 47 days on market in Nov 2024, up by 136.7% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

3 Homes Were 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 Simpson County has remained consistent over time.

Summary: During November 2024, 3 homes were sold in Simpson County; 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 22 Days Ago

Newest Listings in Simpson County, KY

Nearby Markets to Simpson County, KY

What housing markets are near Simpson County, KY?