Is Versailles, KY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Versailles is a seller's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Versailles, KY

How much do homes in Versailles, KY cost?

Median Sold Price

$360,000

$183/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$23,333(+6.9%)

Key Takeaway

Homes in Versailles have sold for 6.9% more than they did a year ago.

Summary: The median home sold price in Versailles was $360,000 in October 2024, up 6.9% from last year, and the median price per square foot was $183.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $280K-
N/A
2 $211K$206K
-2.4%
3 $287.9K$295K
+2.4%
4 $424.5K$430.5K
+1.4%
5+ $520K$550K
+5.8%

Summary: Versailles 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 2.4%, 3 bedroom homes increased by 2.4%, 4 bedroom homes increased by 1.4%, and 5+ bedroom homes increased by 5.8%.

Housing Supply in Versailles, KY

How many homes are available in Versailles, KY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
92920.0%

Summary: The Versailles real estate market had 92 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 44
0.0%
3 4336
-16.3%
4 2634
+30.8%
5+ 1817
-5.6%

Summary: The Versailles 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 remained the same, 3 bedroom homes decreased by 16.3%, 4 bedroom homes increased by 30.8%, and 5+ bedroom homes decreased by 5.6%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2826-7.1%

Asking Price vs. Sold Price

16 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Versailles, you may be able to get a good deal. 61.5% of homes here sold below asking price last month.

Summary: A total of 26 homes were sold or pending in Versailles in October 2024, down by 7.1% month-over-month. Of the 26 sold homes, 62% were sold under asking, 27% were sold at asking, and 12% were sold over asking.

Days on Market for Versailles, KY

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

Average Sale Time

Oct 2023Oct 2024CHANGE
28 Days33 Days+15.7%

Summary: Homes in Versailles had an average of 33 days on market in Oct 2024, up by 15.7% compared to last year.

Breakdown of Home Sale Times

17 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Versailles are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 26 homes were sold in Versailles; 65% of homes were sold within 30 days, 23% 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 4 Days Ago

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