Is Menifee County, KY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Menifee County was a Buyer's Market.
Housing Prices in Menifee County, KY
How much do homes in Menifee County, KY cost?
Median Sold Price
$150,000
-
Based on all homes sold in the last 12 months.
Difference Since April 2023
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $110K | $82K | -25.5% |
2 Bedrooms | $124.2K | $143K | +15.1% |
3 Bedrooms | $161K | $168K | +4.3% |
4 Bedrooms | $176.2K | $380K | +115.6% |
5+ Bedrooms | - | $230K | N/A |
Summary: Menifee County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 25.5%, 2 bedroom homes increased by 15.1%, 3 bedroom homes increased by 4.3%, 4 bedroom homes increased by 115.6%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Counties
Wolfe County | $205K | $310K | +51.2% |
Menifee County | $143K | $150K | +4.9% |
Powell County | $173K | $180K | +4.0% |
Montgomery County | $206K | $210K | +1.9% |
Bath County | $150K | $150K | 0.0% |
Housing Supply in Menifee County, KY
How many homes are available in Menifee County, KY?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
33 | 38 | +15.2% |
Summary: The Menifee County real estate market had 38 homes for sale in April 2024, a 15.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 4 | 0.0% |
2 Bedrooms | 12 | 15 | +25.0% |
3 Bedrooms | 13 | 14 | +7.7% |
4 Bedrooms | 2 | 2 | 0.0% |
5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Menifee 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 25%, 3 bedroom homes increased by 7.7%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
1 | 7 | +600.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Menifee County in April 2024, up by 600.0% month-over-month. Of the 7 sold homes, 86% were sold under asking, 14% were sold at asking, and 0% were sold over asking.
Days on Market for Menifee County, KY
How long does it take to sell a home in Menifee County, KY?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
56 Days | 24 Days | -56.1% |
Summary: Homes in Menifee County had an average of 24 days on market in Apr 2024, down by 56.1% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 7 homes were sold in Menifee County; 86% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.