Is Shelby County, 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, Shelby County has remained a Seller's Market.
Housing Prices in Shelby County, KY
How much do homes in Shelby County, KY cost?
Median Sold Price
$308,000
$184/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Shelby County was $308,000 in May 2024, up 2.8% from last year, and the median price per square foot was $184.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $113.7K | - | N/A |
2 Bedrooms | $195K | $210K | +7.7% |
3 Bedrooms | $274.6K | $291K | +5.9% |
4 Bedrooms | $347K | $363.4K | +4.8% |
5+ Bedrooms | $535K | $625K | +16.8% |
Summary: Shelby County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 7.7%, 3 bedroom homes increased by 5.9%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes increased by 16.8%.
Median Sold Price Compared To Nearby Counties
Henry County | $214.9K | $245K | +14.0% |
Anderson County | $230K | $245K | +6.5% |
Oldham County | $385.1K | $405.8K | +5.4% |
Shelby County | $299.7K | $308K | +2.8% |
Franklin County | $229.9K | $235K | +2.2% |
Housing Supply in Shelby County, KY
How many homes are available in Shelby County, KY?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
156 | 178 | +14.1% |
Summary: The Shelby County real estate market had 178 homes for sale in May 2024, a 14.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 13 | 10 | -23.1% |
3 Bedrooms | 81 | 94 | +16.0% |
4 Bedrooms | 46 | 57 | +23.9% |
5+ Bedrooms | 16 | 17 | +6.3% |
Summary: The Shelby County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 23.1%, 3 bedroom homes increased by 16%, 4 bedroom homes increased by 23.9%, and 5+ bedroom homes increased by 6.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
33 | 38 | +15.2% |
Asking Price vs. Sold Price
20 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 38 homes were sold or pending in Shelby County in May 2024, up by 15.2% month-over-month. Of the 38 sold homes, 53% were sold under asking, 24% were sold at asking, and 24% were sold over asking.
Days on Market for Shelby County, KY
How long does it take to sell a home in Shelby County, KY?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
14 Days | 31 Days | +121.4% |
Summary: Homes in Shelby County had an average of 31 days on market in May 2024, up by 121.4% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 38 homes were sold in Shelby County; 3% of homes were sold within 30 days, 3% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.