Is Nicholasville, 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, Nicholasville has remained a Seller's Market.
Housing Prices in Nicholasville, KY
How much do homes in Nicholasville, KY cost?
Median Sold Price
$325,000
$134/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Nicholasville was $325,000 in April 2024, up 10.2% 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 | $191K | +324.4% |
2 Bedrooms | $160K | $175K | +9.4% |
3 Bedrooms | $250K | $273.2K | +9.3% |
4 Bedrooms | $405K | $469K | +15.8% |
5+ Bedrooms | $610.2K | $667.4K | +9.4% |
Summary: Nicholasville housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 324.4%, 2 bedroom homes increased by 9.4%, 3 bedroom homes increased by 9.3%, 4 bedroom homes increased by 15.8%, and 5+ bedroom homes increased by 9.4%.
Median Sold Price Compared To Nearby Cities
Nicholasville | $295K | $325K | +10.2% |
Keene | $855K | $921K | +7.7% |
Lexington-Fayette Southwest | $325K | $350K | +7.7% |
Lexington | $295.1K | $313.3K | +6.2% |
Lexington-Fayette Southeast | $264.9K | $280K | +5.7% |
Housing Supply in Nicholasville, KY
How many homes are available in Nicholasville, KY?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
146 | 162 | +11.0% |
Summary: The Nicholasville real estate market had 162 homes for sale in April 2024, a 11.0% 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 | 3 | 5 | +66.7% |
3 Bedrooms | 66 | 75 | +13.6% |
4 Bedrooms | 51 | 56 | +9.8% |
5+ Bedrooms | 25 | 25 | 0.0% |
Summary: The Nicholasville 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 66.7%, 3 bedroom homes increased by 13.6%, 4 bedroom homes increased by 9.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
28 | 37 | +32.1% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Summary: A total of 37 homes were sold or pending in Nicholasville in April 2024, up by 32.1% month-over-month. Of the 37 sold homes, 41% were sold under asking, 30% were sold at asking, and 30% were sold over asking.
Days on Market for Nicholasville, KY
How long does it take to sell a home in Nicholasville, KY?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
11 Days | 42 Days | +272.7% |
Summary: Homes in Nicholasville had an average of 42 days on market in Apr 2024, up by 272.7% compared to last year.
Breakdown of Home Sale Times
24 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During April 2024, 37 homes were sold in Nicholasville; 65% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.