Is Jessamine County, KY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Jessamine County has remained a Seller's Market.
Housing Prices in Jessamine County, KY
How much do homes in Jessamine County, KY cost?
Median Sold Price
$323,200
$134/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Jessamine County was $323,200 in April 2024, up 11.6% from last year, and the median price per square foot was $134.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $45K | $178.3K | +296.3% |
2 Bedrooms | $165K | $176.5K | +7.0% |
3 Bedrooms | $249.1K | $273.2K | +9.7% |
4 Bedrooms | $403.8K | $417.4K | +3.4% |
5+ Bedrooms | $615K | $664.4K | +8.0% |
Summary: Jessamine County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 296.3%, 2 bedroom homes increased by 7%, 3 bedroom homes increased by 9.7%, 4 bedroom homes increased by 3.4%, and 5+ bedroom homes increased by 8%.
Median Sold Price Compared To Nearby Counties
Jessamine County | $289.6K | $323.2K | +11.6% |
Madison County | $259.9K | $279.9K | +7.7% |
Fayette County | $295.1K | $314.2K | +6.5% |
Mercer County | $220K | $229.5K | +4.3% |
Garrard County | $250K | $260K | +4.0% |
Housing Supply in Jessamine County, KY
How many homes are available in Jessamine County, KY?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
161 | 180 | +11.8% |
Summary: The Jessamine County real estate market had 180 homes for sale in April 2024, a 11.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 6 | 8 | +33.3% |
3 Bedrooms | 72 | 85 | +18.1% |
4 Bedrooms | 57 | 60 | +5.3% |
5+ Bedrooms | 25 | 26 | +4.0% |
Summary: The Jessamine County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 18.1%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes increased by 4%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
31 | 43 | +38.7% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Summary: A total of 43 homes were sold or pending in Jessamine County in April 2024, up by 38.7% month-over-month. Of the 43 sold homes, 44% were sold under asking, 28% were sold at asking, and 28% were sold over asking.
Days on Market for Jessamine County, KY
How long does it take to sell a home in Jessamine County, KY?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
10 Days | 40 Days | +273.2% |
Summary: Homes in Jessamine County had an average of 40 days on market in Apr 2024, up by 273.2% compared to last year.
Breakdown of Home Sale Times
27 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During April 2024, 43 homes were sold in Jessamine County; 63% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.