Is District 5, KY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, District 5 has remained a Seller's Market.
Housing Prices in District 5, KY
How much do homes in District 5, KY cost?
Median Sold Price
$445,000
$157/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in District 5 was $445,000 in May 2024, down 3.6% from last year, and the median price per square foot was $157.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $151.1K | $180.7K | +19.6% |
2 Bedrooms | $220K | $243K | +10.5% |
3 Bedrooms | $408K | $381.5K | -6.5% |
4 Bedrooms | $631K | $672.5K | +6.6% |
5+ Bedrooms | $750K | $862.4K | +15.0% |
Summary: District 5 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 19.6%, 2 bedroom homes increased by 10.5%, 3 bedroom homes decreased by 6.5%, 4 bedroom homes increased by 6.6%, and 5+ bedroom homes increased by 15%.
Housing Supply in District 5, KY
How many homes are available in District 5, KY?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
90 | 107 | +18.9% |
Summary: The District 5 real estate market had 107 homes for sale in May 2024, a 18.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 1 | -50.0% |
2 Bedrooms | 14 | 11 | -21.4% |
3 Bedrooms | 35 | 43 | +22.9% |
4 Bedrooms | 28 | 35 | +25.0% |
5+ Bedrooms | 11 | 17 | +54.5% |
Summary: The District 5 housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 21.4%, 3 bedroom homes increased by 22.9%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 54.5%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
24 | 41 | +70.8% |
Asking Price vs. Sold Price
22 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Summary: A total of 41 homes were sold or pending in District 5 in May 2024, up by 70.8% month-over-month. Of the 41 sold homes, 54% were sold under asking, 20% were sold at asking, and 27% were sold over asking.
Days on Market for District 5, KY
How long does it take to sell a home in District 5, KY?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
21 Days | 22 Days | +1.7% |
Summary: Homes in District 5 had an average of 22 days on market in May 2024, up by 1.7% compared to last year.
Breakdown of Home Sale Times
33 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During May 2024, 41 homes were sold in District 5; 80% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.