Is South Jefferson, KY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing South Jefferson is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, South Jefferson has remained a Seller's Market.

Key Takeaway

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

Housing Prices in South Jefferson, KY

How much do homes in South Jefferson, KY cost?

Median Sold Price

$295,000

$174/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$410(-0.1%)

Key Takeaway

The sold price of homes in South Jefferson has remained the same since last year.

Summary: The median home sold price in South Jefferson was $295,000 in October 2024, down 0.1% from last year, and the median price per square foot was $174.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$215K
N/A
2 $208K$204.3K
-1.8%
3 $265K$275K
+3.8%
4 $346.2K$345K
-0.4%
5+ $422.5K$384.9K
-8.9%

Summary: South Jefferson 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 decreased by 1.8%, 3 bedroom homes increased by 3.8%, 4 bedroom homes decreased by 0.4%, and 5+ bedroom homes decreased by 8.9%.

Median Sold Price Compared To Nearby Cities

Central Jefferson
+5.4%
Louisville
+4.9%
Heritage Creek
+4.6%
Southeast Jefferson
+3.9%
South Jefferson
-0.1%

Housing Supply in South Jefferson, KY

How many homes are available in South Jefferson, KY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
185189+2.2%

Summary: The South Jefferson real estate market had 189 homes for sale in October 2024, a 2.2% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 10
-100.0%
2 2022
+10.0%
3 9592
-3.2%
4 5763
+10.5%
5+ 1212
0.0%

Summary: The South Jefferson housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 10%, 3 bedroom homes decreased by 3.2%, 4 bedroom homes increased by 10.5%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
4353+23.3%

Asking Price vs. Sold Price

23 Homes Were Sold
Under Asking

13 Homes Were Sold
At Asking

17 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in South Jefferson, you may be able to get a good deal. 43.4% of homes here sold below asking price last month.

Summary: A total of 53 homes were sold or pending in South Jefferson in October 2024, up by 23.3% month-over-month. Of the 53 sold homes, 43% were sold under asking, 25% were sold at asking, and 32% were sold over asking.

Days on Market for South Jefferson, KY

We’re sorry, we don't have information for this market at the moment

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

Newest Listings in South Jefferson, KY

Nearby Markets to South Jefferson, KY

What housing markets are near South Jefferson, KY?