$2,671 Closing Credit*
$224,900
2 Beds
•2 Full Baths
Listing Office: Cornerstone Realty & Auction
Is Stanford, KY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Stanford was a Seller's Market.
Key Takeaway
Stanford 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 Stanford, KY
How much do homes in Stanford, KY cost?
Median Sold Price
$184,900
-
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$6,600(-3.4%)
Key Takeaway
Homes in Stanford have sold for 3.4% less than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $150.5K | - | N/A |
| 2 Bedrooms | $105.5K | $160K | +51.7% |
| 3 Bedrooms | $185K | $175K | -5.4% |
| 4 Bedrooms | $215K | $235K | +9.3% |
| 5+ Bedrooms | $370K | $270K | -27.0% |
Summary: Stanford 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 increased by 51.7%, 3 bedroom homes decreased by 5.4%, 4 bedroom homes increased by 9.3%, and 5+ bedroom homes decreased by 27%.
Housing Supply in Stanford, KY
How many homes are available in Stanford, KY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 47 | 52 | +10.6% |
Summary: The Stanford real estate market had 52 homes for sale in October 2024, a 10.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 7 | +16.7% |
| 3 Bedrooms | 28 | 28 | 0.0% |
| 4 Bedrooms | 10 | 15 | +50.0% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Stanford housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 16.7%, 3 bedroom homes remained the same, 4 bedroom homes increased by 50%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 10 | 8 | -20.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Stanford, you may be able to get a good deal. 87.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Stanford in October 2024, down by 20.0% month-over-month. Of the 8 sold homes, 88% were sold under asking, 0% were sold at asking, and 13% were sold over asking.
Days on Market for Stanford, KY
How long does it take to sell a home in Stanford, KY?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 27 Days | 40 Days | +48.0% |
Summary: Homes in Stanford had an average of 40 days on market in Oct 2024, up by 48% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Stanford are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 8 homes were sold in Stanford; 50% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Lexington-Bluegrass Association of Realtors Multiple Listing Service. Real estate listings held by IDX Brokerage firms other than this broker, are marked with the IDX logo or the IDX thumbnail logo and detailed information about them includes the name of the listing IDX Brokers. Information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Listing(s) 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. © 2024 LBAR Multiple Listing Service. All rights reserved.