$2,613 Closing Credit*
$220,000
1,054 SqFt
2 Beds
•2 Full Baths
Listing Office: Semonin REALTORS
Is Simpsonville, KY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2023
Since last year, Simpsonville has remained a Seller's Market.
Key Takeaway
Simpsonville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Simpsonville, KY
How much do homes in Simpsonville, KY cost?
Median Sold Price
$345,000
$205/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2023
-$70,000(-16.9%)
Key Takeaway
Homes in Simpsonville have sold for 16.9% less than they did a year ago.
Summary: The median home sold price in Simpsonville was $345,000 in August 2024, down 16.9% from last year, and the median price per square foot was $205.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $196.7K | $199.5K | +1.4% |
| 3 Bedrooms | $357.5K | $320K | -10.5% |
| 4 Bedrooms | $532.2K | $521.5K | -2.0% |
| 5+ Bedrooms | $679.5K | $615K | -9.5% |
Summary: Simpsonville housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 1.4%, 3 bedroom homes decreased by 10.5%, 4 bedroom homes decreased by 2%, and 5+ bedroom homes decreased by 9.5%.
Housing Supply in Simpsonville, KY
How many homes are available in Simpsonville, KY?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 25 | 21 | -16.0% |
Summary: The Simpsonville real estate market had 21 homes for sale in August 2024, a 16.0% decrease compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 4 | -20.0% |
| 3 Bedrooms | 7 | 6 | -14.3% |
| 4 Bedrooms | 11 | 8 | -27.3% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Simpsonville housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 20%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes decreased by 27.3%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 8 | 8 | 0.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Simpsonville, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Simpsonville in August 2024, the same as the previous month. Of the 8 sold homes, 63% were sold under asking, 25% were sold at asking, and 13% were sold over asking.
Days on Market for Simpsonville, KY
We’re sorry, we don't have information for this market at the moment
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of Metro Search Multiple Listing Service. Real estate listings held by other Brokerage firms are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about them includes the name of the listing IDX Brokers. The Broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. IDX 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. Information deemed reliable but not guaranteed. Copyright © 2024 Greater Louisville Association of Realtors. All Rights Reserved.